EUR/JPY is in strong uptrend since it dropped to 114.50. The uptrend is showing now signs of exhaustion as of now although the bulls seem a little weak today.
That being said, there's not much resistance above. So, the path of least resistance remains to the upside.
The current positive market sentiment is likely to support the EURJPY Bulls as the demand for safe-haven JPY seems to be quite low. So, EURJPY bulls can take this pair to 121.20 quite easily.
That being said, there's not much resistance above. So, the path of least resistance remains to the upside.
The current positive market sentiment is likely to support the EURJPY Bulls as the demand for safe-haven JPY seems to be quite low. So, EURJPY bulls can take this pair to 121.20 quite easily.
Note
As expected, EURJPY reached 121.20 very easily
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.