FXTechstrategy
Long

EURJPY: Eyes Further Bullishness In The Short Term

FX:EURJPY   Euro / Japanese Yen
EURJPY: The pair continues to retain its broader uptrend as it looks to extend that upside pressure. Support comes in at the 131.00 level where a break if seen will aim at the 130.50 level. A cut through here will turn focus to the 130.00 level and possibly lower towards the 129.50 level. On the upside, resistance resides at the 132.00 level. Further out, we envisage a possible move towards the 132.50 level. Further out, resistance resides at the 133.00 level with a turn above here aiming at the 133.50 level. On the whole, EURJPY faces further upside threats.

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