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EUR/JPY chart - Trading View
EUR/JPY was trading 0.08% higher on the day at 124.79 at around 06:30 GMT, outlook bullish.
The pair is extending bounce off 110-EMA support, has edged above 50-DMA resistance.
The single currency keeps positive momentum for the 3rd straight session on positive risk sentiment across markets.
Successive 'Doji' formations at lows suggests market resistance to drive prices lower. Volatility is rising and momentum studies are bullish.
Minor trend has turned bullish while major trend is neutral. Major resistance aligns at 200W MA at 125.18.
Decisive break above cloud and 200W MA will propel the pair higher. Next major resistance lies at 126.55 (trendline) ahead of 61.8% Fib at 128.67.
