The EURJPY maintained a bullish momentum yesterday , printed support at the 135.20 levels . This development leaves the pair targeting the 137.80 levels , a halt is likely , but a break would open 138.755 next , further upside will aim the 140.00 levels..
On the downside , support comes at the 136.20 levels ahead of the 135.20 levels (main) , losing this level will turn outlook neutral for retesting the 134.13 levels before the next possible rise.
In all , as long as support 135.20 holds on a daily closing basis , outlook in EURJPY remains on the upside towards the 137.80 levels ahead of the 140.00 levels , below the 135.20 levels will turn outlook neutral towards the 134.13 levels before the next move.
Note that stability above 137.00 is needed to accelerate the expected bullish move …….