EUR/JPY chart - Trading View
EUR/JPY was trading 0.41% lower on the day at 120.46 at around 10:15 GMT, bias turning bullish.
The pair is seen consolidating breakout above 200-DMA in the previous session.
Price action has broken above 200H MA and scope for further upside as technical indicators are turning bullish.
Stochs and RSI on the weekly charts are biased higher.
The pair currently finds stiff resistance at 50W SMA at 120.58. Break above to confirm further gains.
Major trend in the pair is neutral, minor trend is bullish. Breakout above 50W SMA will see gains till 121.40 (Feb high).
200-DMA is immediate support at 120.02. Retrace below will negate any upside bias.


Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: USD/CNY firms slightly, but downward resumption looks likely
US Gas Market Poised for Supercycle: Bernstein Analysts
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
FxWirePro: USD/CAD edges higher, retains bid tone
FxWirePro: USD/ZAR eases as weaker dollar and lower oil prices support rand
Major Pair Currency Score: EURUSD & GBPUSD Bearish and Major Levels to Watch
FxWirePro: USD/JPY eases slightly but outlook is bullish
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
NZDJPY Technical Outlook: Bullish Momentum Builds as Price Tests Key Support Levels
Bank of America Posts Strong Q4 2024 Results, Shares Rise
FxWirePro: USD/JPY eases slightly , but outlook is bullish
FxWirePro: GBP/NZD steadies around 2.3640 ,retains bid tone
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty
AUDJPY Coils in Tight Range: Bulls Eye Dips as 110 Support Sets the Stage for Breakout
FxWirePro: AUD/USD edges higher as US CPI looms large 



