Nomura: bullish on EUR/JPY
Analysts at Nomura claim that EUR/JPY will soon complete a bullish triangle. The specialists expect the pair to break the pattern to the upside in the coming weeks and target 140.00. The triangle resistance is at 132.25, so the bank is ready to enter a long position above this level.
For now the single currency is finishing the consolidation. Nomura expects euro to test 129.48 and 128.90 first.
Chart. Daily EUR/JPY