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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…

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