EUR/JPY Technical Analysis comments :
The pair EUR/JPY broke the resistance at 111, giving us a new buy signal. The pair continued its movement and is now testing the resistance at 112. All indicators are bullish. We maintain to trade only long positions as far as 111 is support. The breakout of 112 will give a new buy signal. The next resistance is at 113. A pullback on 111 is still possible as long as 112 is resistance.