Daily Technical Strategist on EURJPY

EURJPY: Triggers Trend Resumption

EURJPY- With a resumption of its broader uptrend seen, further strength is envisaged. On the upside, resistance resides at the 146.00 level where a break if seen will threaten further upside towards the 146.50. Further out, resistance resides at the 147.00 level where a break will aim at the 148.00. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 144.00 level where a break will aim at the 143.00 level. A break will target the 142.00 level with a breach turning focus to the 141.00 level. All in all, the cross faces further upside pressure.