FX.co ★ EurJpy Still Eyeing Above 104.00 Level, Before A Meaningful Pullback

Technical Outlook and Chart Setups:

The single currency still has room left for further upside. As it was depicted above, bulls are targeting 104.00 and 104.75 levels respectively. Immediate support is around 103.00 level now. The last swing resistance around 104.00 level should be taken out soon. It is still recommended to consider intraday dips as buying opportunities towards 104.70/75 levels. Best trade strategies are to watch out 15 min/1hour charts and look out for bullish signals on intraday dips, for fresh buying. Bullish for now.

Trading Recommendations:

Stay long for now. Move stop at 102.50 (lock profits and ride the momentum), target at 104.70.

Good Luck!