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OmiFX8

EUR/JPY eyes 10-day MA at 123.26

Long
Euro / Japanese Yen (FX:EURJPY)  
OmiFX8  
FX:EURJPY   Euro / Japanese Yen
Trend Analysis EURJPY eurjpylong
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trendanalysis eurjpy eurjpylong
EUR/JPY found bids at 122.54 earlier today and is currently seen at 122.90.

The positive tone comes a day after the pair charted a classic doji, which represents seller exhaustion.

Further, the RSI on the 4-hour chart has created a bullish divergence.

EUR/JPY, therefore, looks set to test supply around the 10-day MA, currently at 123.26.
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