EUR/JPY Technical Analysis comments :
The pair EUR/JPY fake a breakout of 110 by finding support towards 109.50. The pair is currently testing a return above 110. Indicators are globaly bullish. We maintain to trade only long positions as far as 109.50 is support. A return above 110 will comfort our bullish feeling and the breakout of 111 will give a new buy signal. However, if 109.50 is broken, we will then advise to trade only short positions as far as 110.50 is resistance.