EUR/JPY chart - Trading View
EUR/JPY was trading 0.23% higher on the day at 130.42 at around 11:00 GMT.
The pair is testing 110-EMA resistance, decisive break above to fuel further gains.
Preliminary report published by Destatis showed on Friday showed German economy grew 1.5% q/q in Q2 of 2021 when compared to the expectations of 2.0% and -1.8% in Q1.
Meanwhile, the annualized GDP rate rebounded by 9.2% in Q2, missing expectations at 9.6% and compared to the previous reading of -3.4% and missed market expectations of 9.6% expansion.
Separately, the Italian economy expanded by 2.7% QoQ in Q2 but bettered estimates of 1.3% and 0.1% previous.
The single currency remains unfazed on downbeat German growth numbers, as the sentiment remains tepid, supporting the safe haven yen.
Technical bias remains bullish. Stochs and RSI are biased higher. The pair is testing 110-EMA resistance. Break above will see upside resumption.


NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: GBP/USD dips lower on negative UK retail sales data
AUDJPY Bulls Stay in Control: Buy the Dips Above 103.80 Targeting 106
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major US Indices
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
Yen Capitulation Sends GBPJPY to 17-Year Peak – 212.60 Next?
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro- Major Pair levels and bias summary 



