EURJPY- Having broken and held above the 107.74/99 levels, further upside offensive is underway. This development creates scope for more upside towards the 100.00 level. Further out, resistance resides at the 114.02 level. Its daily RSI is bullish and pointing higher supporting this view. Support comes in initially at the 107.74/99 levels with a breach targeting the 106.46 level followed by the 106.10 level and then the 105.96 level. Further down, support is seen at the 105.00 level. A reversal of roles as support is likely to occur and turn the cross higher. All in all, the cross remains biased to the upside in the medium term.
