Similarly to most JPY pairs, this week has been a crazy bull run. JPY pairs have broken significant levels. Now it has come the time of EURJPY to test its longer term trend line resistance.
As can be seen from the chart, at the moment we are right at this key level. Watch closely in order to determine the trend over the next few weeks. Yesterday GBPJPY broke out of a very similar channel so there is some bias of EJ to the long side
As can be seen from the chart, at the moment we are right at this key level. Watch closely in order to determine the trend over the next few weeks. Yesterday GBPJPY broke out of a very similar channel so there is some bias of EJ to the long side