Overview
The EURJPY pair ended last Friday's trading with a new positive close above the 112.35 support line and started forming positive waves as shown on the chart. The price is supported by stochastic exit from the oversold areas, which suggest bullish attempts in the near and medium term until reaching 115.10. On the other hand, an attempt to break the current support will open the way to suffer more losses that start at 111.30 then 109.50. Therefore, we should monitor the price behavior carefully for renewed pressure on the support level to avoid any changes in the trend.
