EUR/JPY chart - Trading View
Technical Analysis: Bias Bullish
- EUR/JPY was trading 0.80% higher on the day at 128.73 at around 12:10 GMT
- The pair hit fresh 26-month highs, more upside on cards
- Price action has broken above 61.8% Fib retracement at 128.67
- GMMA indicator show major and minor trend are bullish on the daily and weekly charts
- The pair is on track to breakout of monthly cloud, which if confirmed will propel the pair higher
- MACD and ADX support uptrend and Stochs and RSI show a strong bullish bias
Support levels - 127.95 (5-DMA), 127.27 (21-EMA), 126.48 (55-EMA), 126 (110 month EMA)
Resistance levels - 129, 129.14 (Upper W BB), 129.49 (monthly cloud top), 130.33 (200 month MA)
Summary: EUR/JPY extends bull run for the 4th straight month. Price action has broken above 61.8% Fib. Watchout for break above monthly cloud top for further upside. Scope for test of 200 month MA at 130.33.


FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: USD/JPY on nervous hold around 160.00 



