EURJPY Sees Corrective Recovery Offensive

4 March 2016, 17:00
FXTechstrategy Team
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EURJPY: Having the cross followed through higher on the back of its Thursday strength, further bullishness is likely. Support comes in at the 125.00 level where a break will aim at the 124.50 level. A turn below here will target the 124.00 level with a breach turning focus to the 123.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, resistance lies at the 125.50 level. Further out, resistance comes in at the 126.00 level where a break if seen will threaten further upside towards the 126.50. Further out, resistance resides at the 127.00 level. All in all, EURJPY eyes further bullishness on corrective recovery

 

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