EUR/JPY above major moving averages, long dips for 115.65

FX:EURJPY   Euro / Japanese Yen
176 0 6
EUR/JPY             has broken above major moving averages (20,50& 100 DMAs).

Momentum studies bullish .

Scope for test of trendline at 115.65.

Good to long dips around 114.75/80, SL: 114.20, TP: 115/ 115.65

Major events ahead - Eurozone Business Climate and German inflation data

Major support levels - 114.62 (100-DMA) 114.41 (20-DMA), 114.23 (50-DMA), 114 (5-DMA), 113.70 (Oct 27 low))

Major resistance levels - 115, 115.65 ( trendline ), 116, 116.14 (110-EMA)
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