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.

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