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Long

EUR/JPY breaks consolidation with rising vols, to test 200-DMA

FX:EURJPY   Euro Fx/Japanese Yen
380 0 15
EUR/JPY             has broken out of consolidation phase with rising volumes.

Momentum studies are bullish , we see scope for test of 200-DMA at 118.78.

Bullish invalidation only below 20-DMA at 115.36, violation there could see test of 112.30 levels.

Major support levels - 117 (1H 20-SMA), 116.86 (5-DMA), 116, 115.36 (20-DMA)

Major resistance levels - 117.92 (July 20 high), 118.40 (July 15 high), 118.78 (200-DMA)

Good to go long on dips around 117, SL: 116.25, TP: 117.40/ 117.90/ 118.40/ 118.75
Comment: EUR/JPY tracks gains in USD/JPY.

TP1 hit. Bias higher, stay long.
Comment: TP2 hit
Comment: EUR/JPY breaks 200-DMA.

All targets hit
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