DAILY SPOT EURJPY - Friday's call and technicals
Bullish signals on the week and for Thursday have been confirmed, investors buying the market yesterday for a gain of ¾ Big Fig. While a fresh 8 week high has been recorded, prices are testing their 100 day average rate as well as the 200 week line, levels which may attract sellers back to the market. In the absence of a reversal pattern though the outlook for Friday remains positive and the call is to buy on the open and then at 126.68, today’s opening trade in Asia with a stop loss at 126.42, Thursday’s Marabuzo line. Targets are to 127.30, the 200 week line, 127.80 and 128.59 the 10 week top.
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