EURJPY Recovery Eyes 125.68 Resistance

EURJPY recovery eyes 125.68 resistance level in the days ahead. Support comes in at the 125.00 level where a break if seen will aim at the 124.50 level. A cut through here will turn focus to the 124.00 level and possibly lower towards the 123.50 level. On the upside, resistance resides at the 125.68 level.

Further out, we envisage a possible move towards the 126.00 level. Further out, resistance resides at the 126.50 level with a turn above here aiming at the 127.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, as noted, EURJPY recovery eyes 125.68 resistance level.

(Click on image to enlarge)

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.