EUR/JPY heading back up to Asian highs…?

Author: Pete Jackson | Category: News

Back up again through 106.00 in recent trading on buying from Japanese funds, but offers sit from 106.15/25, with likely buy stops just above  the Asian highs of 106.26.

Above here is the  May 2 high at 106.55 and  tech res at the 100 week MA at 106.74,weekly cloud top at 106.75. Buy stops are seen on a break here (106.75) and through 107.00.

Cross currently sits at 106.00