EUR/JPY To Trade With Upward Bias

EUR/JPY to trade with upward bias, supported by stronger investor risk appetite. Daily chart positive-biased as MACD & stochastics bullish. Resistance at 109.54 (Friday''''s high, matching Aug. 30 high); breach would expose upside to 110.12 (Aug. 19 high), then 110.43 (Aug. 17 high), 110.72 (55-day moving average) and 111.12 (Aug. 13 reaction high). Support at 107.85 (Friday''''s low); breach would temper near-term positive outlook, exposing downside to 107.43 (Thursday''''s low), then 106.55 (Wednesday''''s low), 106.14 (Tuesday''''s reaction low) and 105.44 (9-year low set Aug. 24).