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EUR/JPY: 120.00 Next?

Discussion in 'Technical Analysis' started by Kaitlin, Jun 8, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Yesterday, the EUR/JPY rallied sharply as the yen buying took a breather and risk assets rallied. But there was little follow-though in bullish momentum and the cross has now given up its earlier advance. The EUR/JPY's earlier rally ran into strong resistance around the prior support level of 122.50 with[​IMG]

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