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EUR/JPY Classical Technical Report 04.25

EUR/JPY Classical Technical Report 04.25

Joel Kruger, Technical Strategist
daily_classical_eurjpy_body_eur.png, EUR/JPY Classical Technical Report 04.25

EUR/JPY:The corrective pullback from the March 111.40 highs looks to have finally found solid support in the 105.00 area and from here we look for the formation of a medium-term higher low in favor of the next upside extension, eventually back above 111.40. Ultimately, only a weekly close below 105.00 would negate and give reason for concern.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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