ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)


EUR/JPY- With a second day of upside offensive underway, further bullishness is expected. Resistance resides at the 139.00 level followed by the 139.50 level where a breach will aim at the 139.95/8 level. Further out, resistance comes in at the 140.94. We may see a breather here but if that fails, further gains could follow towards the 141.50 level. Conversely, On the downside, support lies at the 138.13/137.97 levels. This level could hold and turn the cross back up but on continued hold below that zone, support lies at the 137.50 level. A violation will target the 137.00 level and then the 136.50 level. All in all, the cross remains biased to the upside.