EUR/JPY Technical Analysis.

EURJPY is bullish on the long-term outlook. EURJPY remain under the bullish momentum. The price bottomed at the support level of $116.64 on 12 March. The bearish momentum was unable to break down the support level of $116.64. Following the scenario is the formation of strong bullish candle on 16 march that pushed up the price towards the resistance level of $120.37. So its target price will be 120.37, which is on the resistance level .