EURJPY- With the cross reversing its one-day correction, further upside is now expected. On the upside, resistance resides at the 140.50 level where a break if seen will threaten further upside towards the 141.00.
Further out, resistance resides at the 141.50 level where a break will aim at the 142.00. Support comes in at the 139.50 level where a break will aim at the 139.00 level.
A break will target the 138.50 level with a breach turning focus to the 138.00 level. Below here will aim at the 137.50 level. All in all, the cross remains biased to the upside in the medium term.
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