The bullish moment for EURJPY is favored by EURUSD rising of course, and greenback weakness against yen too. How long does it take to over? Last week EURJPY has risen up to 128.82, the highest level since March 2016 and probably more
EURJPY last week has kept a bullish bias as long as the price will be above 123.60. It has closed above previous weekly pivot (123.67) and taken out 124.45 resistance, need next week coming must regain and close above125.30 to
After broken 123.90 resistance, last week EURJPY ‘s trend has become again bullish with a weekly close at 124.17 that means rebound still in play.
On weekly chart as long as the price will be below 123.90 (MA100) pull back may be deeper with 121.50 as a target before rebound.
On monthly EURJPY trend has become neutral with upside risk as long as the price will be above 123.87, bullish trend will be restored only on daily close above 125.80 with 128.35 and 129 as targets before falling again. Below