LeoPrime Daily Market Analysis

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EURJPY reversed from support level 133.000; Likely to rise to resistance level 135.400.


EURJPY currency pair recently reversed up from the support zone located between the key support level 133.000 (the previous multi-month high from February), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from the start of March. Given the clear daily uptrend and the bullish euro sentiment that can be seen across the FX markets today – EURJPY currency pair can be expected to rise further toward the next resistance level 135.400 (former support from the end of April).

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