EURJPY - Having the cross turned higher on recovery on Wednesday, further upside momentum is likely in the days ahead. Support comes in at the 124.00 level where a break will aim at the 123.50 level. A turn below here will target the 123.00 level with a breach turning focus to the 122.50 level. Conversely, resistance lies at the 125.00 level. Further out, resistance comes in at the 125.50 level where a break if seen will threaten further upside towards the 126.00. Further out, resistance resides at the 126.50 level. All in all, EURJPY eyes further bullishness.
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