EUR/JPY chart - Trading View
Technical Analysis: Bias Bullish
GMMA Indicator
- Major and minor trend are strongly bullish on the daily chart
- Major trend is turning bullish, minor trend is strongly bullish
Ichimoku Analysis
- Price action is above the Ichimoku cloud on the daily and weekly charts
- Chikou span is biased higher suggesting continuation of the uptrend
Oscillators
- Oscillators are biased higher, RSI is above 60 which supports a strong uptrend
- Bearish divergence on RSI and Stochs on the daily charts may cause some pullbacks
Bollinger Bands
- Bollinger bands are widening on the weekly charts, volatility is high
- On the daily charts, volatility is slowly rising
Major Support Levels: 125.82 (5-DMA), 125.20 (21-EMA), 125.05 (200W MA)
Major Resistance Levels: 126.69 (38.2% Fib), 127, 128.37 (61.8% Fib)
Summary: Technical studies for the pair are bullish. Scope for upside continuation. Next bull target lies at 61.8% Fib at 128.67. Bullish invalidation below 200W MA.
