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EUR/JPY chart - Trading View
EUR/JPY was trading 0.13% lower on the day at 130.31 at around 07:35 GMT.
The pair is consolidating previous session's whopping gains, major trend remains bullish.
The European Union’s (EU) comparatively strong stand in Brexit joins faster vaccination-led economic recovery hopes to limit downside.
On the data front, today’s German IFO sentiment data for April will be in focus for impetus.
Support levels - 130.14 (20-DMA), 130.00 (21-EMA), 129.15 (55-EMA)
Resistance levels - 130.30 (200-month MA), 131, 132.05 (76.4% Fib)
Summary: Major trend in the pair is bullish. Pullbacks have been shallow. The pair is hovering around major resistance at 200-month MA at 130.30. Decisive break above will see upside continuation. Next major bull target lies at 76.4% Fib at 132.05.
