EUR/JPY chart - Trading View
EUR/JPY was trading 0.12% higher on the day at 129.13 at around 07:00 GMT, after closing 0.28% higher in the previous session.
The Japanese yen depressed by poor Japanese Services PMI and improving risk-on. Vaccine optimism joins hopes of a rate cut from the Chinese central bank, favouring risk.
The final au Jibun Bank Japan Services Purchasing Managers' Index (PMI) deepened further into contraction, printing at a seasonally adjusted 46.3.
EUR/JPY trades with a strong bullish bias. The pair is extending gains for the 4th straight week and has edged above 61.8% Fib.
Technical indicators support upside. Momentum bullish and rising volatility is likely to buoy prices higher.
The single currency remains bid ahead of euro area services PMI data. Scope for test of 200-month MA at 130.31.
200H MA at 128.49 is strong support. Any dip in price action below 200H MA will see further downside. Bullish invalidation only below daily cloud.


FxWirePro- Major Crypto levels and bias summary
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: USD/ZAR bears maintain upper hand
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: AUD/USD softens as risk appetite abates
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: EUR/ NZD bulls gain momentum,eyes level 2.0000
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major) 



