EURJPY: Clears The 107.12 Level, Eyes Further Upside

Posted by on Nov 30, 2012

EURJPY: Clears The 107.12 Level, Eyes Further Upside. EURJPY - With the cross resuming its medium term uptrend, further offensive is likely in the days. This development now leaves the cross targeting the 107.99 level followed by the 108.50 level. Its daily RSI is bullish and pointing higher supporting this view. Support comes in at the 106.10 level and then the 105.00 level. Further down, support is seen at the 104.58 level. A reversal of roles as support is likely to occur and turn the cross
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