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- EUR/JPY has the 137.50 high of 2018 in its crosshairs - Credit Suisse
EUR/JPY has the 137.50 high of 2018 in its crosshairs - Credit Suisse
FXStreet reports that the EUR/JPY pair has moved to a new high for its uptrend and analysts at Credit Suisse stay biased higher for 134.13/16 next.
“EUR/JPY has not only moved to a new high for the uptrend but is also moving above the key 133.13/49 highs of April and September 2018. We look for a close above here to reinforce the uptrend to clear the way for further strength with resistance seen next at 134.13/17 ahead of 134.50/60 and eventually and more importantly at the 137.50 high of 2018.”
“Support moves to 133.13 initially then more importantly at the recent low and 13-day exponential average at 132.76/51, which we look to ideally hold.”
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