FxWirePro: EUR/JPY extends gradual grind higher, weakness only on close below 5-DMA

• EUR/JPY rejected at lows, holds above 5-DMA support at 117.32, we see weakness only on close below.
   
• Euro area consumer confidence for November due later in the day in focus for further direction.
   
• Our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-on-track-to-test-200-DMA-good-to-buy-on-dips-409882) has achieved TP1&2.
   
• Technicals support further upside in the pair, we recommend holding for targets.
   

FxWirePro's Hourly EUR Spot Index was at -38.5571 (Neutral), while Hourly JPY Spot Index was at -121.194 (Highly bearish) at 0735 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex