EUR/JPY chart - Trading View
EUR/JPY is on an upward spiral for the 4th straight month, scope for further gains.
The pair was trading 0.15% higher on the day at 126.18 at around 06:00, slipping lower from new 16-month highs at 126.77.
Price action is extending choppy trade at 200W MA, but bias remains bullish.
Risk-on in the markets after Jackson Hole Symposium dented the yen safe-haven demand, pushing the pair higher.
Technical studies are bullish. The pair is on track to test 200M MA at 130.55. Bullish invalidation only below 200W MA.
