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Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.52% higher on the day at 142.78 at around 06:10 GMT
- The pair has broken above 20-DMA which was capping upside from the past few sessions
- GMMA indicator shows major and minor trend are strongly bullish
- MACD is on verge of bullish crossover on signal line
- Price action is above daily cloud, Chikou span is biased higher
Major Support Levels:
S1: 141.72 (5-DMA)
S2: 141.18 (21-EMA)
Major Resistance Levels:
R1: 143
R2: 144.31 (Upper W BB)
Summary: EUR/JPY is extending gains for the second straight session, technical indicators point to further upside. Scope for fresh yearly highs above 145.63.
