EUR/JPY chart - Trading View
Technical Analysis: Bias Bullish
- EUR/JPY was trading 0.35% higher on the day at 130.25 at around 12:25
- The pair is extending break above 200-DMA, outlook bullish
- Momentum is bullish, RSI is above 50, Stochs and RSI are biased higher
- MACD confirms bullish crossover on signal line, ADX supports upside
Support levels - 129.88 (110-EMA), 129.53 (5-DMA), 129.44 (21-EMA)
Resistance levels - 130.55 (Trendline), 130.80 (Cloud top), 131
Summary: EUR/JPY extends break above 200-DMA, momentum is strongly bullish. Scope for test of trendline resistance at 130.55. Break above will fuel further gains. Next hurdle lies at cloud top at 130.80.
