EUR/JPY: With continued bullishness seen, a recapture of the 135.49 level is envisaged.
Further out, resistance resides at the 136.50 level followed by the 137.00 level. A break of here will pave the way for a run at the 137.50 level with a push through that level aiming at the 136.50 level.Â
Its weekly RSI is bullish and pointing higher supporting this view. Supports are seen at the 133.50 level and the 132.00 level followed by the 131.50 level.
Further down, support stands at the 131.00 level with a break of here targeting the 130.50 level. All in all, the cross remains biased to the upside in the medium term.
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