FX.co ★ EurJpy Inching Ahead Towards 98.00 Levels...

Technical Outlook and Chart Setup:
There is no change from the last several sessions. Please pay attention to the immediate line of support shown above. The single currency pair has bounced off the trend line the day before yesterday, and moreover, a 0.618 Fibonacci retracement of the latest upswing as well. We need to respect these 2 confluences and stay long for now. Just in case the above trend line breaks, it would confirm that the currency pair is headed southward and we shall review our trade positions. Immediate support/low around 95.50 level and resistance starts around 98.00 level.
Trading Recommendations:
Stay long for now, target 9850 and above.

Good Luck!