EURJPY: Broader Bias Remains Higher

EURJPY- Our bias on EURJPY remains higher as long as it trades and holds above the 99.63 level. This development leaves the cross targeting the 103.85 level where a violation will pave the way for a run at the 104.42 level and possibly higher towards the 105.00 level. On the downside, support lies at the 100.70 level where a violation will open the door for a move lower towards the 99.63/86 levels. The pair may see a respite here and turn higher. But if this fails, support lies at the 97.80 level where a break will call for a push lower towards the 95.72 level. All in all, the pair remains biased to the upside