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Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.63% higher on the day at 145.23 at around 10:35 GMT
- The pair is extending 'Symmetric Triangle' break, bias higher
- GMMA indicator shows major and minor trend are bullish
- Volatility is high and rising, momentum is bullish
- Price action is above daily cloud, Chikou span is biased higher
Support levels:
S1: 144.45 (5-DMA)
S2: 143.18 (21-EMA)
Resistance levels:
R1: 145.80 (Upper BB)
R2: 146.72 (Dec 2022 high)
Summary: EUR/JPY has formed a Dragonfly Doji on the previous month's candle. Technical bias is bullish, the pair is on track to test fresh yearly highs.
