EUR/JPY chart - Trading View
EUR/JPY was trading 0.20% higher on the day at 127.97 at around 09:50 GMT, outlook is bullish.
The pair is on track to test 61.8% Fib retracement at 128.67, bullish momentum to carry prices higher.
Data released earlier today showed headline German IFO Business Climate Index spiked to 92.4 in February, beating the consensus estimates of 90.5 by a big margin.
The Current Economic Assessment printed at 90.6 points, above forecasts at 88.9 and compared to last month's 89.2.
Further, the IFO Expectations Index climbed to 94.2 in February from the previous month’s 91.5 reading and better than the market expectations of 91.8.
The single currency was largely muted to upbeat data. Technical studies however support upside in the pair.
61.8% Fib at 128.67 in sight. Further bullishness will take the pair to test 200 month MA at 130.33. Bullish invalidation likely on retrace below 200W MA.


NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Woodies pivot (Major)
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: AUD/USD softens as risk appetite abates
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro USD/CAD steadies around 1.3910,retains bid tone
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data 



