EURJPY is still trading below recent highs but the outlook remains bullish. The cross recently cleared the former bull trigger at 125.13, Nov 9 high and 125.79, 76.4% of the downleg between Sep 1 and Oct 30. This reinforces bullish conditions and opens resistance at 127.08, Sep 1 high. A break of 127.08 would confirm a resumption of the broader uptrend that started in May. Initial support is seen at 125.78, the Dec 2 low.

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

Taso Anastasiou

Foreign Exchange Technical Analysis Homepage markets-real-time Bullet Markets Foreign Exchange News

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