Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/JPY Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/JPY was trading 0.07% higher on the day at 141.94 at around 15:30 GMT

- The pair remains capped at 20-DMA, decisive break above will fuel further upside

- Price action is extending bounce off cloud support, rises for the fourth straight session

- GMMA indicator shows major and minor trend are bullish

- Momentum is with the bulls, Stochs and RSI are sharply higher

Support levels - 141.02 (21-EMA), 140.02 (55-EMA)

Resistance levels - 142.08 (20-DMA), 144.18 (Upper W BB)

Summary: EUR/JPY trades with a bullish bias. Watch out for break above 20-DMA for upside continuation. 
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.