Technical Update - EURJPY above key resitance, likely further up
The EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88.
If it fails to close above 162.38, EURJPY could slide back to between 161 and 160
If it fails to close above 162.38, EURJPY could slide back to between 161 and 160
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