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Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.47% higher on the day at 144.03 at around 11:00 GMT
- The pair is extending gains for the 7th straight week, retakes 144 handle
- Price action is above major moving averages which are trending higher
- GMMA indicator shows major and minor trend are bullish
- MACD and ADX support upside in the pair, Chikou span is biased higher
Support levels:
S1: 143.15 (5-DMA)
S2: 142.24 (200H MA)
Resistance levels:
R1: 144.92 (Upper BB)
R2: 145.32 (Jan 2015 high)
Summary: EUR/JPY trades with a bullish bias. The pair is on track to test 2015 Jan high at 145.32.
