EUR/JPY chart - Trading View
EUR/JPY was trading 0.23% higher on the day at 125.66 at around 04:50 GMT.
The pair has ignored an 'Inverted Hammer' formation on the previous session's candle and has resumed upside.
Single currency buoyed across the board after ECB's optimistic view of the Eurozone economy.
On Thursday, the central bank's President Christine Lagarde said that Eurozone's domestic demand had recorded a significant recovery from low levels.
The central bank downplayed concerns about the euro's recent appreciation, also noting that it will carefully assess incoming information, including developments in the exchange rate.
Major trend in the pair is bullish. Price action has retraced dip below 200W MA. Scope for upside resumption.
Support levels - 125.39 (21-EMA), 125.09 (200W MA)
Resistance levels - 126.41 (Upper BB), 128.67 (61.8% Fib)
