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Saturated Buy, Rally EURJPY Possible Limited

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Analysis and Technicals
Thursday, September 10, 2015
On the 4-hour chart, EURJPY bullish bias especially if price able to consistently break above 134.70 area. Potentially promote the sustainability of the rally to test 135.15 area (Fibo 38.2% of 149.77-126.08), before targeting 135.80 area.

On the reverse side, the nearest support is at 134.35 area. With stochastic and RSI which has been overbought, slipping back below that area could trigger scenario should bearish correction to retest the 133.80 area or even MA-21 at around 133.45.

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