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Chart - Courtesy Trading View
- EUR/JPY was trading 1.28% higher on the day at 146.36 at around 16:00 GMT
- The pair is extending gains for the fifth straight session, outlook is bullish
- Volatility is high and rising as evidenced by widening Bollinger bands
- Momentum is bullish, stochs and RSI are sharply higher
- Price action is above cloud and Chikou span is biased higher
Support levels - 143.75 (5-DMA), 142.43 (21-EMA)
Resistance levels - 147, 148, 149.78 (2014 High)
Summary: EUR/JPY trades with a strong bullish bias. Scope for fresh multi-year highs above 146.
