EUR/JPY chart - Trading View
Technical Analysis: Bias Bullish
- EUR/JPY was trading 0.13% higher at 132.63 at around 12:00 GMT
- The pair finds stiff resistance at 76.4% Fib retracement, is set to extend bullish streak on break above
- Momentum is strongly bullish, but overbought conditions may warrant some caution
- GMMA indicator shows minor trend is strongly bullish, while major trend is turning bullish on the daily charts
Support levels - 132, 131.79 (5-DMA), 131.02 (50% Fib)
Resistance levels - 132.66 (76.4% Fib), 132.91 (Upper W BB), 133
Summary: EUR/JPY is poised for further upside. Bullish momentum and high volatility likely to push the pair higher. Watch out for break above 74.6% Fib for further gains. Scope for test of 133 levels.
