EURJPY: Bullish, Risk Builds On The 140.00 Level !


With EURJPY printing support at the 133.10 levels, closing higher and taking out the key resistance 135.67 on last Friday, EURJPY looks to retake the 136.68/137.63 levels in the upcoming weeks, If seen, It will target the 140.85 levels, price hesitation is likely , and reversal may be seen around this level, however; further upside will pave the way towards the 144.95 levels.

On the downside, Immediate support comes at the 135.27 levels followed by the 133.10 levels (main), a cut through the 133.10 levels will bring a corrective pullback above the 129.00 levels before the next rise, however; further down will extend the pullback towards the 126.00 level before the next rise.

In all, as long as 135.27/133.10 support holds on a weekly closing basis, medium term outlook in EURJPY remains on the upside towards the 137.80/140.85 levels, below 133.10 faces a pullback risk above the 129.00 levels before the next rise…

EURJPY_Bullish, Risk Builds On The 140_00 Level !