EUR/JPY is still trying to break the level of 120.68. It should just be a matter of time before this hurdle cracks and the pair continues to advance to 121.40 and 121.98. Short-term support is located at 120.33 and then at 120.05. We expect the later support to be able to protect the downside for a clear break above 120.68.
We are long EUR from 117.25 with our stop placed at 119.55
The material has been provided by InstaForex Company – www.instaforex.com