FxWirePro: EUR/JPY extends gains above 55-EMA, intraday bias higher, focus on EZ PPI data

• EUR/JPY has broken major trendline resistance and is extending gains above 55-EMA at 115.44.
   
• Momentum studies are bullish, Stochs and RSI are biased higher.
   
• Dovish comments from BOJ’s board member Sakurai weighing on the Yen.
   
• Sukari out-rightly denied the need to adopt ‘helicopter money’, said “There is plenty of room to buy more etfs, deepen negative interest rates and increase asset purchases”.
   
• Focus now on Eurozone PPI data ahead of US NFP for further direction.
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-breaks-above-major-resistance-zone-11473-80-good-to-go-long-on-dips-270586) has hit all targets.
   
• Major support levels - 115.66 (1H 20 MA), 115.44 (55-EMA), 115
   
• Major resistance levels - 116.22 (July 16 high), 116.42 (July 12 high), 116.85 (July 28 high)
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Recommendation: Good to go long on dips around 115.70, SL: 115, TP: 116.22/ 116.42/ 116.85