EURJPY: With the cross following through higher on the back of its Monday gains on Tuesday, it looks to retest its key resistance at the 134.98 level. Support comes in at the 133.50 level where a break will aim at the 133.00 level. A turn below here will target the 132.50 level with a breach turning focus to the 132.00 level.
Its daily RSI is bullish and pointing higher suggesting further strength. Conversely, resistance lies at the 134.50 level. Further out, resistance resides at the 135.00 level where a break if seen will threaten further upside towards the 135.50. Further out, resistance resides at the 136.00 level. All in all, the cross now faces upside pressure on recovery.
In our latest podcast, we discuss if the NFP is enough for a Fed hike, drill down Draghi and more:
Share
