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.
Daily Analysis
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