FxWirePro: EUR/JPY rallies above 146 handle amid improved sentiment

Chart - Courtesy Trading View 

- EUR/JPY was trading 1.28% higher on the day at 146.36 at around 16:00 GMT

- The pair is extending gains for the fifth straight session, outlook is bullish

- Volatility is high and rising as evidenced by widening Bollinger bands

- Momentum is bullish, stochs and RSI are sharply higher

- Price action is above cloud and Chikou span is biased higher

Support levels - 143.75 (5-DMA), 142.43 (21-EMA)

Resistance levels - 147, 148, 149.78 (2014 High)

Summary: EUR/JPY trades with a strong bullish bias. Scope for fresh multi-year highs above 146.