The EURJPY pair
ended in green for the third consecutive session, closing the previous session
at 135.71 after making a high at 135.88. The oscillators on the 8H and daily
chart are attempting to regain upward momentum, however a break above the
136.00 level is required to confirm bullishness in the coming sessions. The
next potential upside targets reside at 137.20/25, followed by an important one
at 138.50/55. On the downside, key support reside at around 135.00, followed by
the next at 134.68/65 and 133.10/00 levels. A breach below the latter would trigger
further acceleration to the downside. Loss of upward potential on the hourly
chart hints at a possibility of mild correction.
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