The EURJPY has recently burst out of the resistance area that price had been stalling at. Now price has broken out higher the best play in this market looks to be to trade long on any weakness, or rotations lower.
Support comes in around 99.00. This was the area that price struggled to break through previously and where price found resistance. We could look for this old resistance to hold as new support should price fall lower to tes it.
EURJPY DAILY CHART – 11 SEP 2012
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