Following a week of substantial bullish movement - EUR/JPY is now approaching a 15 month high & is now consolidating at 128.00.
The price had stalled previously for over 6 weeks at our last support level of 124.00 before its break above with a 400 pip bullish climb this past week.
The current 128.00 is a major key level for this pair which was tested as support in March 2015 and July 2013.
A move higher is on the cards - 130.00 -132.00 Upside Weekly/Monthly key level target zones.
EverythingFx.com
The price had stalled previously for over 6 weeks at our last support level of 124.00 before its break above with a 400 pip bullish climb this past week.
The current 128.00 is a major key level for this pair which was tested as support in March 2015 and July 2013.
A move higher is on the cards - 130.00 -132.00 Upside Weekly/Monthly key level target zones.
EverythingFx.com