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Chart - Courtesy Trading View
EUR/JPY was trading 0.20% higher on the day at 129.81 at around 06:30 GMT.
The pair is extending bullish streak for the fourth straight session, bias remains bullish.
Technical indicators support upside in the pair. Bullish 5-DMA crossover on 20-DMA adds to the upside bias.
Momentum is with the bulls, Stochs and RSI are sharply higher and RSI is well above the 50 mark.
MACD confirms bullish crossover on signal line. GMMA indicator shows minor trend has turned bullish.
Major Support Levels:
S1: 129.60 (110-EMA)
S2: 129.31 (55-EMA)
S3: 128.84 (5-DMA)
Major Resistance Levels:
R1: 129.98 (200-DMA)
R2: 129.86 (Cloud top)
R3: 130
Summary: EUR/JPY pivotal at 200-DMA and cloud resistance. Decisive break above will fuel further upside in the pair.
