EURJPY

The EUR/JPY remains above the 122.00 (May Low) but the chance of a break above 123.10 has increased.  EUR/JPY, first support is found at the 122.20 and 121.50 respectively. A break below the 121.50 could possibly force the pair as low as 121.00. In contrast, resistance is found at the 123.10 with the closet target at the 123.80. If daily closing above 123.80, it would indicate that EUR/JPY is ready to move towards the 124.60. The RSI (Day) remains at the oversold territory. The CCI (Day) closed to the oversold territory.

 

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Christos Nikolaou

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