EURJPY: Reverses Higher, Eyes The Further 135.27 Level.
EURJPY- Having taken back its intra day losses to close higher on Tuesday, risk of further move higher is now envisaged. Resistance lies at the 135.00 level. Further out, resistance resides at the 135.50 level where a break if seen will threaten further upside towards the 136.00. Further out, resistance resides at the 136.50 level. On the downside, support comes in at the 134.00 level where a break will aim at the 133.50 level. A turn below here will target the 133.00 level with a breach turning focus to the 132.00 level. All in all, the cross now faces price hesitation suggesting an impending pullback.
