EUR/JPY is now testing resistance at 125.09 and a break above here calls for a rally towards the former top at 127.02. The former peak at 127.02 should only prove to be a temporary top before the next push higher towards at least 128.43 and likely even closer to 129.24.
Support is now seen at 124.36 and again at 124.14.
We are long EUR from 123.48 and we will raise our stop to 123.90
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.