EURJPY: Eyes Further Recovery Higher.

EURJPY: The With the pair continuing to hold on to its recovery pressure, more strength is now expected in the days ahead. On the downside, support comes in at the 124.00 level where a break if seen will aim at the 123.50 level. A cut through here will turn focus to the 123.00 level and possibly lower towards the 122.50 level. On the upside, resistance resides at the 125.00 level.

Strategy: Buy at 124.78, Stop loss at 124.0, Price target at 125.78 & 126.25.