- EUR/JPY has shown a clear channel breakout last week, bias higher.
- The pair is now consolidating upside, trades around 61.8% Fib retrace of 141.05 to 109.20 fall at 128.88.
- Break above 61.8% Fib will see resumption of upside in the pair.
- Technical indicators are highly bullish, we see weekly 200-SMA at 130.65 as next bull target.
- Weakness seen only on retrace below channel top at 126.25, drag till 20-DMA at 124.88 then likely.
Support levels - 128.05 (5-DMA), 126.25 (channel top), 125.78 (weekly 5-SMA)
Resistance levels - 128.88 (61.8% Fib retrace of 141.05 to 109.20 fall), 129, 130.65 (weekly 200-SMA)
Recommendation: Good to go long on break above 128.88, SL: 128, TP: 129/ 130/ 130.65
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro- Major Pair levels and bias summary
NZDJPY Bears Lie in Wait: Sell Rallies at 93 for 90 Target with 94 Stop
FxWirePro: AUD/USD eases as investors await U.S. employment figures
Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores
FxWirePro: GBP/USD eases as dollar firms ahead of U.S. June non-farm payrolls report
FxWirePro- Woodies pivot (Major)
Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CNY slips as strong China exports data Lift yuan
FxWirePro: EUR/AUD slips after surprise U.S. employment data
DAX & CAC40 Score Perfect 100: Extremely Bullish With Major Levels to Watch as FTSE100 Hits 80
FxWirePro: USD/JPY holds tight range ahead of key U.S. payrolls data
EUR/USD Rockets Past 1.1560 as Soft U.S. Jobs Data Fuel Fed Rate-Cut Surge
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro : EUR/NZD holding below 38.2% fibo ahead of US data 



