Mihai_Iacob

EurJpy- All eyes on 143 zone

Long
OANDA:EURJPY   Euro / Japanese Yen
Two days ago I've said that I expect a rise for EurUsd and also a rise for UsdJpy (Stronger than Usd Euro, but also stronger than Jpy Usd) and this will give us a double effect on EurJpy.
Indeed, this happened, and EurJpy rose 300 pips in these two days.
Technically speaking, at this moment, the pair is above 143 resistance, which is now support and is correcting from the very important 145 resistance.
In my opinion, after this correction, EurJpy will resume its rise towards 150, and dips from this possible drop should be considered good opportunities for bulls.
As said, the 150 zone remains my target for the medium term and a drop under 142 would negate this bullish scenario

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