EUR/JPY Price Analysis: Extra gains remain focused on 160.00

EUR/JPY advances for the third session in a row and surpasses the 158.00 mark on Monday.

Sentiment is: Positive

Technical Analysis

EUR/JPY has broken through a resistance line. It has touched this line numerous times in the last 11 days. This breakout shows a potential move to 159.2994 within the next 2 days. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.

EUR/JPY broke through important 158.3870 price line

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