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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.
