EUR/YEN Update – 20/09/2017 (12:05pm) – by Arjun Lakhanpal

EUR/YEN Update – 20/09/2017 (11:55am): EURJPY still in an uptrend.. EUR/JPY has reached the 134.32/61.8% of the move down from 2014 and initial target for the upmove. We would allow for this to hold the initial test. We note the 13 count on the 240 minute chart. Provided that the uptrend at 130.70 contains the down side the longer term up move will remain intact. Above here would target the 1979-2017 resistance line at 139.12. Intraday dips will find some support offered by the 131.90 end of August high.