EUR/JPY To Trade With Risks Skewed Higher

EUR/JPY to trade with risks skewed higher. Cross supported by stronger investor risk appetite; but gains tempered by caution before U.S. August employment data, positions adjustment before weekend. Daily chart positive-biased as stochastics rising from oversold, MACD staging bullish crossover against its exponential moving average; but inside-day-range pattern completed yesterday. Resistance at 108.30 (yesterday's high), then at 108.60 (Wednesday's high); breach would expose upside to 109.55 (Monday's high), then 110.12 (Aug. 19 high) and 110.43 (Aug. 17 high). Support at 107.43 (yesterday's low); breach would expose downside to 106.55 (Wednesday's low), then 106.14 (Tuesday's low), 105.90 (Aug. 25 low), and 105.44 (9-year low set Aug. 24).