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Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.07% higher on the day at 141.94 at around 15:30 GMT
- The pair remains capped at 20-DMA, decisive break above will fuel further upside
- Price action is extending bounce off cloud support, rises for the fourth straight session
- GMMA indicator shows major and minor trend are bullish
- Momentum is with the bulls, Stochs and RSI are sharply higher
Support levels - 141.02 (21-EMA), 140.02 (55-EMA)
Resistance levels - 142.08 (20-DMA), 144.18 (Upper W BB)
Summary: EUR/JPY trades with a bullish bias. Watch out for break above 20-DMA for upside continuation.
