FxWirePro: EUR/JPY struggles at 125 handle, scope for upside rises

125 is strong resistance for EUR/JPY. the pair has slipped below the 125 handle after hitting session highs at 125.23 on the day.

• Techs show scope for upside is rising:
  
  - We see a bullish 5-DMA crossover on the 10-DMA
  
  - Daily Stochs and RSI have rolled over from oversold levels and biased higher
  
  - MACD line has shown a bullish crossover on the signal line 
   

Recommendation: We would recommend taking long positions on close above 125, SL: 124.35, TP: 125.55/126
Resistance Levels:

R1: 125

R2: 125.58 (Mar 4th highs)

R3: 125.96 (Feb 19th high)

Support Levels:

S1: 124.37 (5-DMA)

S2: 124 (Psychological level and 10-DMA)

S3: 123.93 (Mar 4th lows)