EURJPY- Having rallied and broken through the 140.29 level during early trading today, further upside is likely. Further out, the 141.27 level, its Jan 29 2014 high comes in as the next upside objective where a violation will aim at the 142.00 level and subsequently the 142.41 level, its Jan 23 2014 low. Converse, support is located at the 140.29 level where a break will expose the 139.50 level and then the 139.00 level. Below here if seen will set the stage for a push lower towards the 138.16 level, its Feb 07 2014 low followed by the 136.75 level, its Feb 06 2014 low. All in all, the cross remains biased to the upside in the short term.
EURJPY- Having rallied and broken through the 140.29 level during early trading today, further upside is likely. Further out, the 141.27 level, its Jan 29 2014 high comes in as the next upside objective where a violation will aim at the 142.00 level and subsequently the 142.41 level, its Jan 23 2014 low. Converse, support is located at the 140.29 level where a break will expose the 139.50 level and then the 139.00 level. Below here if seen will set the stage for a push lower towards the 138.16 level, its Feb 07 2014 low followed by the 136.75 level, its Feb 06 2014 low. All in all, the cross remains biased to the upside in the short term.
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