The EUR/JPY rose slightly this week, but seems like it wants to spring from the 120 level, and continue its recent bullishness. This should serve as a launching point to 125, and perhaps even 130 in the near future. A break below will only find its way down to 115, which is supported by central bank buying from a couple of weeks ago. Selling isn’t advised because of this.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
