EUR / JPY is Above 122.13

EUR / JPY is Above 122.13

The Credit Suisse analyst team confirmed that the EUR / JPY has cleared its key resistance at 122.30 and is currently around 122.30, confirming a base to confirm that the underlying trend has risen again to return to the high of 124.44 in June. “The EUR / JPY strength continued with significant price support at 120.32 / 27 for the expected break above the main resistance level above the horizontal level at 121.96 / 122.13 last month. Although a pause is allowed here, it can see the highest resistance in June at 123.52/62 and eventually 124.44 over time. " “Recent support is moved to 121.97, then to 121.78, and 121.48 / 46 is now ideally held to keep the emergency risk higher. A break can then be withdrawn into the range with the support seen at 121.22 then at 120.75. ”- Credit Suisse