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| EURJPY CROSS DAILY AS OF 10.15 |
The EURJPY cross has extended it high to 102.27 for now with resistance levels near the 102.47/75 range. The Euro have regained its higher momentum fueled by optimism in the upcoming summit meeting while Greek 10 year yields set new lows setting a positive sentiment for the Euro. Meanwhile, the USDx have set its daily correction as it opened with a wider price gap that caused some pullbacks during the American trading sessions. As long as increase momentum remains the same we should be able to see some bullish set-ups as a follow-through. Of course, unless otherwise stated with a negative fundamental from the Euro zone.
Although, current prices are well within an intra-week trading range, where a significant candlestick "hanging man" has provided an indication of probable daily pullbacks for the price during the turn of the mid-week. Low extensions are set at the 100.20-100.90 range levels; but should not settle for the week below these levels.
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