• EUR/JPY has bounced off 20-DMA support at 114.90 earlier this week and is holding the break above major trendline resistance at 116.42.
   
• Near-term bias for the pair remains bullish, weakness only on break below 20-DMA at 114.92.
   
• Scope builds for gains upto 50-DMA at 119.18, Technicals on daily charts suggest further upside in the pair, Stochs and RSI are biased higher.
   
• Hurdles on the upside align at 117, 118.10 (June 18 high) and 119.14 (June 20 high).
   
• Support on the downside seen at 20-DMA by 114.87, break below will see next support at 114 and then 113.77 (10-DMA).
   
• We had given a long call (http://www.econotimes.com/FxWirePro-EUR-JPY-finds-stiff-resistance-at-11642-break-above-could-see-further-upside-235788).
   
• Recommend holding for targets.