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EURGBP Bears Break Trendline: Sell Rallies at 0.8578 as Support Breach Eyes 0.8450 Slide 
, good to long on break above - EconoTimes)
- EUR/JPY bounces of 20-DMA and jumped back to one-year high near 125.80 region.
- The pair is building on to last week gains after upbeat Euro-zone economic data has boosted sentiment around the shared currency.
- Stiff resistance is seen at 126 levels (channel top), breakout above could see further upside.
- Momentum studies are highly bullish, RSI strength at 69 levels with room for further upside.
- 126.35-45 (late April 2016 highs) is next immediate hurdle ahead of 128.22 (Mar 31 2016 high).
Support levels - 125.08 (5-DMA), 123.92 (20-DMA), 122.55 (May 18 lows).
Resistance levels - 126.47 (April 27 high), 127, 128.22 (Mar 31, 2016 high).
Recommendation: Good to go long on break above 126 (channel top), SL: 125.10, TP: 126.50/ 127/ 128.20
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 34.575 (Neutral), while Hourly JPY Spot Index was at -61.903 (Neutral) at 0940 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
