Flash: EUR/JPY posed for further upside – Commerzbank

FXstreet.com (Edinburgh) -Karen Jones, Head of FICC Technical Analysis at the German lender Commerzbank, noted that the EUR/JPY left behind recent peaks, now targeting levels beyond the 135.00 handle.

Key Quotes

“EUR/JPY has eroded the May peak at 133.82 and attention has reverted to the 134.95 September high and the 135.15 2013 resistance line”.

“Currently the 240 minute chart is suggesting intraday dips will hold in the 133.60/15 band prior to another upside attempt”.