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STO Technical - EUR/JPY eyeing break higher

EUR/JPY is trending higher and a breakout may follow although Eurozone political risk remains an overhang. Look for resistance at 122.45 and 123.20, support at 120.30 and 119.40.

Ascending triangle for AUD/USD remains intact with resistance being found repeatedly around the 0.7700 level. Break higher would target 12 month highs around 0.7850.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as an Investment Advice.

STO Review

Wednesday, 15 Feb, 2017 / 8:28

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Source : https://www.stofs.com/en/newsroom/entry/TECHNICAL/eurjpy-eyeing-break-higher

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