EURJPY managed to climb above 125.500 region in the early sessions today . However the bears bounced back at 125.500, testing the ascending trendline at 125.200. Forming a new support, EURJPY is expected to re-target the 126.00 neighborhood once the last high is broken at 125.600. Traders who took the Bulls side at the right spot, will have chances to rally upto 126.00. On the other side,since the bigger picture shows more downside movement, bears crossing the ascending support downside, will have equal strength to drop below the last week low at 124.200 region.

EURJPY TODAY:
Daily open: 125.067
Daily Last high: 125.764
Daily Last Low: 125.034
Daily current growth: +0.18%