EURJPY has broken the top of its downwards channel and the 23.6 per cent Fibonacci retracement level, both of which are bullish, says Mark Sturdy at www.sevendaysahead.com.
The next target is 123.08, but a hurdle exists ahead of that at 120.20. In due course, EURJPY (euro/Japanese yen) should head for the 132 level. Any dip in the meantime could end around 114 or 111.43.
