FX.co ★ EurJpy Recovery Underway. Hold On To Long Positions

Technical Outlook and Chart Setups:
In addition to what we have discussed yesterday, the single currency pair has provided yet another proof in the form of an Engulfing Bullish Candle. This confirms our recommendations from yesterday to watch out for buying opportunities and stay long since the recovery/pullback is now underway. We still are in favour of buying dips intraday and the minimum upside targets would be the 96.00 level, if not further. Any further upside from 96.00 shall threaten the resistance placed at 97.30/40. Immediate support is yesterday’s low. Stay long for now.
Trading Recommendations:
Stay long, buy on dips today, and stop below yesterdays' low.

Good Luck!