© Dukascopy Bank
Daily maximum: 110.82
Daily minimum: 110.27
EUR/JPY has been trading flat today as it has been struggling with a resistance at 110.85. Being that the long-term outlook remains bullish, this level should be breached after the pair pulls back to and then rebounds from 110.01.
Daily Resistance: 110.85; 110.98; 111.40.
Daily Support: 110.04/01; 109.77/65; 109.46.
Daily Bias: Strongly bullish.