EURJPY Rallies On Recovery

30 May 2016, 13:02
FXTechstrategy
0
15

EURJPY: Although With EURJPY seeing a strong rally during Monday trading session today, further upside pressure is expected in the days ahead. On the downside, Support comes in at the 123.00 level where a break will aim at the 122.50 level. A turn below here will target the 122.00 level with a breach turning focus to the 121.50 level. Conversely, resistance lies at the 124.00 level. Further out, resistance comes in at the 124.50 level where a break if seen will threaten further upside towards the 125.00. Further out, resistance resides at the 125.50 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURJPY eyes further bullishness on correction

 

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