- EUR/JPY extends grind higher after breaking consolidation with rising volumes.
- The pair has broken above 200-DMA at 118.61, we see scope for further upside.
- Momentum still with the bulls, test on weekly 50-SMA at 120.48 likely.
- Our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-on-track-to-test-200-DMA-good-to-buy-on-dips-409882) has achieved all targets.
- Major support levels - 118.61 (200-DMA), 118.15 (5-DMA), 118, 117.35 (10-DMA)
- Major resistance levels - 119, 119.48 (June 15 high), 120, 120.48 (weekly 50-SMA)
Recommendation: Book partial profits, raise trailing stops to 118.10, target 119/ 119.50/ 120/ 120.45
Fresh longs can be initiated on dips around 118.60/70, SL: 118
FxWirePro's Hourly EUR Spot Index was at 9.14099 (Neutral), while Hourly JPY Spot Index was at -69.6741 (Slightly bearish) at 0525 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex


FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: GBP/USD dips lower on negative UK retail sales data
NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro- Woodies Pivot(Major)
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 



