EUR/JPY chart - Trading View
EUR/JPY was trading 0.28% higher on the day at 132.02 at around 08:20 GMT, outlook bullish.
The common currency continues bull run across the board, pushing the pair higher for the 5th straight session.
Markets await the preliminary reading of the German Harmonized Index of Consumer Prices for April.
German CPI is expected to stay unchanged around 2.0% YoY, and will be closely watched amid renewed expectations of taper talks.
Ahead of that the European Central Bank (ECB) Vice President Luis De Guindos’ speech and second-tier sentiment data could offer intermediate direction to the euro pairs.
Price action has edged above crucial resistance at 200-month MA at 130.30, raising scope for further gains.
Technical indicators support upside in the pair. MACD shows a bullish crossover on signal line and +ve DMI dominance adds to the bullish bias.
The pair has hit fresh multi-month highs above 132 handle, close above 200-month MA will buoy bulls.
Resistances align at 133.13 (17th Sept 2018 high) ahead of 88.6% Fib at 134.87. On the flipside, 5-DMA is immediate support at 131.22. Bullish invalidation below 200-month MA.


FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro- Woodies Pivot(Major)
Pound Strike Forces EURGBP Retreat – Next Stop 0.8660?
FxWirePro- Major Crypto levels and bias summary
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
AUDJPY Bulls in Control: Buy the Dips Above 103.80 for a Run Towards 106
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: USD/JPY extends fall as yen rises on intervention fears
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
ETHUSD Dip: Prime Buy Zone to $3600 Targets 



