EUR/JPY chart - Trading View
Technical Analysis: Bias Bullish
- EUR/JPY is extending gains above 130 handle, outlook bullish
- Price action is above major moving averages, 5-DMA is biased higher
- GMMA indicator shows major and minor trend are strongly bullish
- Stochs and RSI show momentum is strongly bullish
- The pair trades above Ichimoku cloud and Chikou span is biased higher
- MACD and ADX also support upside in the pair
Support levels - 130.25 (5-DMA), 129.69 (20-DMA), 129.56 (21-EMA)
Resistance levels - 130.66 (Yearly high), 130.93 (Upper BB), 132.05 (76.4% Fib)
Summary: EUR/JPY trades with a bullish bias. The pair is attempting break above 200-month MA at 130.30 and is trading at 130.51 at around 09:50 GMT. Bullish momentum to carry the pair higher. Scope for test of 76.4% Fib at 132.05.
