EUR/JPY chart - Trading View
EUR/JPY was trading 0.54% higher on the day at 126.80 at around 09:40 GMT.
The pair is set to resume upside after consolidating major trendline breakout.
Technical studies support gains in the pair. Volatility is high and rising as evidenced by widening Bollinger bands.
Analysis of GMMA indicator shows major and minor trend are bullish on the daily and weekly charts.
Price action is above daily cloud and Chikou span is biased higher, suggesting further gains.
Scope for test of 61.8% Fib at 128.67. Bullish invalidation seen only on retrace below 200W MA.
