EUR/JPY chart - Trading View
EUR/JPY was trading 0.22% higher on the day at 132.31, slightly lower from session highs at 132.38.
The pair has started the week on a bullish note and price action has tested new 2 1/2 year highs.
Technical analysis supports upside in the pair. Momentum is bullish and volatility is high and rising.
GMMA indicator shows major and minor trend in the pair are strongly bullish. MACD and ADX also support upside in the pair.
Price action has broken above 76.4% Fib retracement at 132.05 and is extending break above 200-month MA.
Little resistance is seen for bulls till 88.6% Fib at 134.87. On the flipside, 5-DMA is immediate support at 131.66. Bullish invalidation likely below 200-month MA.


Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro- Woodies pivot (Major)
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: USD/ZAR retreats but trend is still bullish
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: AUD/USD dips after RBA Governor speech
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro- Major Pair levels and bias summary
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 



