EURJPY faces recovery risk on price rejection. This development could see the pair strengthening further in the days ahead. Support comes in at the 129.50 level where a break if seen will aim at the 129.00 level. A cut through here will turn focus to the 128.30 level and further lower towards the 128.00 level. On the upside, resistance resides at the 130.50 level. Further out, we envisage a possible move towards the 131.00 level. Further out, resistance resides at the 131.50 level with a turn above here aiming at the 132.00 level. On the whole, EURJPY continues to face further recovery threats above its recent low.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.