FX.co ★ EUR/JPY Buy Above 103,10 December 08, 2011 (Daily Strategy)

EUR/JPY

The Euro - Japanese yen pair maintains its upward trend in 4 hours charts, The pair goes to his weekly support of 103.10, at this level can enter buying euros, with a target to the 200-day moving average, it serves as a resistance level of 105.54, we believe that the pair again tried to break this level and stay above this, if the pair manages to close above this level we can enter a buy with a target around the end of last resistance at 108.50 yen per euro.