EUR/JPY
103.90 – 104 is an obvious resistance level – its peaked out there and thereabouts a few times back into mid-October. As such, you’re going to see stops clustered above , before earlier tops at 104.50/60 come into play.
103.20/25 is initial support on downside, and should see bids down to 102.85 (expect bids to be lining up further as the day progresses, 102.95 to 103.06 should be good size). 102.40 the next support level down.
