Technical Outlook and Chart Setups:
As shown above, EurJpy remains steady above 97.00 level now. A push will be required to pass clear 97.80 level which is currently serve as intermediary swing resistance. Support remains at 95.50 and 95.00 levels. Bulls are targeting 98.50 and above 99.00 levels in the sessions to come. A failure to clear 97.80 level now will shift focus to 94.00 and lower levels. Outlook should be clearer in 1-2 trading sessions. At the moment, staying long is recommended.
Trading Recommendations:
Stay long from earlier buy positions, targeting 98.50 and 99.00 at least.
Good Luck!
