EUR/JPY chart - Trading View
EUR/JPY was trading 0.18% higher on the day at 126.14 at around 08:50 GMT. Outlook remains bullish.
Price is extending sideways grind. The pair is consolidating break above 200W MA ahead of the next leg higher.
EUR puts or bearish bets are now drawing higher demand (premium) than the calls, suggesting the pair is likely to extend sideways grind.
On the other side, vaccine optimism and expectations for a global economic recovery in 2021 favor further gains in the EUR.
Technical bias for the pair is bullish. Resumption of upside will see test of 61.8% Fib at 128.67.
5-DMA is immediate support at 126.09. Bullish invalidation only below 200W MA.


FxWirePro- Major Pair levels and bias summary
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro- Major Crypto levels and bias summary
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: AUD/USD dips below lower range, bearish bias increases
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level 



