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EUR/JPY chart - Trading View
EUR/JPY was trading 0.26% higher on the day at 131.58 at around 10:15 GMT, outlook bullish.
The pair has paused 4-month bearish streak, has retraced above 200-month moving average.
Price action has bounced off 55-week EMA support and is extending upside for the 6th straight session.
GMMA indicator shows minor trend has turned bullish on the daily charts. MACD and ADX support gains.
The pair has broken above 20-week MA and has tested 61.8% Fib retracement at 131.75.
Technical indicators are biased higher, scope for test of 76.4% Fib at 132.66. Bullish invalidation only below 200-month MA.
