EURJPY - Having triggered a corrective recovery higher during early trading today, it looks to extend that strength in the days ahead. On the upside, resistance resides at the 139.27 level will be targeted where a break will aim at the 140.00. Its daily RSI is bullish and pointing higher supporting this view. We may see a breather here but if that fails, further gains could follow towards the 140.50 level. Support is located at the 137.70 level where a breach will target the 137.00 level. A turn below here will aim at the 136.50 level where a violation if seen will aim at the 136.00 level. All in all, the cross remains biased to the downside in the short term.
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