FxWirePro: EUR/JPY refreshes 4-month high above 133 handle, further upside on cards
EUR/JPY chart - Trading View
EUR/JPY was trading 0.07% higher on the day at 132.80 at around 07:55 GMT.
The pair hit fresh 4-month highs at 133.02 before paring some gains, bias remains bullish.
Price action in on a bullish streak for the 9th consecutive session and the 3rd straight week.
Retrace above 200-monthly moving average has raised scope for upside resumption.
Technical indicators support upside, test of 134 levels (yearly high being 134.12) on cards.
Major support levels are seen at 132.20, 131.75, 130.10
Major resistance levels align at 133.40, 134.10, 135
Summary: EUR/JPY trades with a major bullish bias. Monthly close above 200 MA will reinforce upside in the pair. Test of 134 levels on cards.