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FxWirePro: EUR/JPY edges above 113 handle, finds stiff resistance at 113.15

  • EUR/JPY edges above 113 handle, intraday bias higher.
     
  • The pair finds stiff resistance at 113.15 which is channel top on the hourly charts.
     
  • Break above 113.15 finds next hurdle at 113.60. We see weakness only below 112.48.
     
  • The pair has broken 20 MA on the hourly charts and Techs support upside.

Recommendation: Good to go long on breakout above 113.15, SL: 112.95, TP: 113.60
 

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