Daily Technical Overview: EUR/JPY

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Daily maximum: 104.28

The pair commenced a downward slide as investors preferred to acquire Japanese yens, seeking for safe-haven amid growing uncertainty over the EU debt crisis. Therefore, the market mean at 104.61 remained intact today.

All support (103.25; 102.94; 102.18) levels remained untapped today, while a breach of resistance 1 at 104.00 paves the way to the next levels at 104.46 and 105.22 if the bullish bias occurs. The daily trading signals point at a bullish momentum.