FX.co ★ EurJpy Remains Buy On Dips. Next Resistance At 117.90

Technical Outlook and Chart Setups:

The structure remains unchanged since last several sessions, as the single currency pair inches higher towards 117.90 level. As depicted here, the short-term support trendline is offering support near the 113.00 region. Next support is around the 111.00 region followed by 106.00 and lower. Resistance is not before 117.90/118.00 region. It is recommended to stay long for the momentum the rally continues higher. Also look to buy fresh by focusing on shorter time frame dips.

Trading Recommendations;

Hold on to long positions. Move stop to breakeven. Target is at 117.80.

Good Luck!