EUR/JPY chart - Trading View
EUR/JPY was trading 0.09% higher on the day at 127.03 at around 05:30 GMT, outlook for the pair is turning bullish.
The pair is gaining for the 2nd straight session, is extending bounce off 50-DMA support.
Technical bias for the pair is turning bullish again after 'Hammer' formation on the previous week's candle.
MACD and ADX support gains with positive DMI dominance. Stochs and RSI are biased higher. Volatility is rising as evidenced by widening Bollinger bands.
Analysis of GMMA indicator shows major and minor trend are strongly bullish. Scope for upside resumption.
Price action is consolidating break above 200W MA and we see scope for test of 61.8% Fib at 128.67.
On the flipside, 5-DMA is immediate support at 126.58. Bullish invalidation only below 200W MA.


FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target
FxWirePro- Woodies pivot (Major)
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: USD/CAD slips after Fed holds rates steady
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: AUD/USD dips below lower range, bearish bias increases 



