Technical outlook and chart setups:
1. The EUR/JPY has rallied past the 139.00 mark and is expected to continue further at least till 140.00, where trend line meets. It is recommended to hold long positions for now, move risk to break even levels.
2. Intermediary support is at 136.20/30, followed by 134.00, 131.00 and 129.00, while resistance is at 142.00, followed by 143.00 and 145.50 respectively.
3. The structure reveals that rally from 136.00 levels could continue further. A break of the falling trend line could test 142.00/143.00 levels.
Trading recommendations:
Remain long for now, move stop to break even level.
Good luck!
