It initially made a 7-year high at 144.25 and that level has offered resistance on a few occasions and may continue to do so.
Similar to USD/JPY, bullish momentum appears to be unfolding. Looking at any combination of the 10, 21-, 55- and 100-day SMA, the criteria for a triple moving average formation has been met., horizontal lineThis pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself whenAn ascending triangle can be observed in EUR/JPY and might suggest that a topside breakout could occur.
On the downside, support may lie at the recent low and ascending trend line, both currently at 141.41.To contact Daniel, use the comments section below or
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