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EURJPY: On Track to Crack Key Level at the Close

EURJPY
  • EUR/JPY heads through the London close near the session's highest levels - what's notable with today's rally is that's only partially driven by the USD's post-data strength, and is contributing further to the reversal of the previously oversold condition. 
  • A close at current or higher levels would mark a break of key resistance at the 20-day EMA (163.59) and narrows the gap with 164.11 - the 200-dma which has acted as solid support/resistance on several sessions in recent history - most notably across November and December last year. 

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