EUR/JPY chart - Trading View
Technical Analysis: Bias Bullish
- EUR/JPY was trading 0.05% higher on the day at 133.97 at around 10:30 GMT
- GMMA indicator shows major and minor trend are strongly bullish
- Price action is above cloud and major moving averages
- MACD and ADX support upside, momentum strongly bullish
- Price action has shown a decisive break above 200-month MA opening upside
- Volatility is high and rising as evidenced by widening Bollinger bands
Support levels - 133.73 (5-DMA), 133, 132.76 (21-EMA)
Resistance levels - 134.31 (Upper BB), 134.87 (88.6% Fib), 135
Summary: EUR/JPY trades with a bullish bias. Close above 200-month MA has buoyed bulls in the pair. Scope for test of 137.50 (2018 high).
