EURJPY- Having closed higher the past week and returned above its earlier broken trendline on the back of a strong rally, further upside offensive is likely in the new week. This development leaves EURJPY targeting the 104.58 level with a violation of there triggering further upside towards the 105.00 level. Further out, resistance stands at the 106.53 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 101.99 level where a violation will call for a run at 100.31 level. Further down, on a turn below here, the 99.63 level will be targeted. The pair may see a respite here and turn higher. All in all, the pair remains biased to the upside medium term.
