EUR/JPY has made some half-decent gains this morning, presently up at 125.35 compared to a European opening down around 124.50. The move comes with stockmarkets performing well.
Sources now report sell orders lying up at 126.00/20. However it should be noted that 126.08 seems to be a fairly important technical resistance level and there’s a good chance of stop loss buy orders gathered just above there (although we haven’t yet heard of such.) Some feel a breech of 126.08 opens up a move towards 128.50 area.
