EURJPY

The EUR/JPY recovered from the lows and has reached the 126.10 level. If the price breaks the 126.10 level, the next target will likely be at 126.88 (200 DAY MA). In contrast, support is found at the 125.69 (55 DAY MA) and the 125.10 respectively. A break below the 125.10 level could possibly force the pair as low as 124.21 (Support line). The RSI (DAY) and CCI (DAY) remains at the neutral territory.

 

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Christos Nikolaou

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