EURJPY - Technical Analysis: Friday, 22/08/2014 08:46 GMT
Intraday ascending channel continues to organize the bullish wave, and a continuous support coming from the exponential moving average 50.
Stochastic supports the current rise by offering a positive overlapping signal on the hourly chart, and breaching 138.00 level is required to confirm the continuation of the bullish rally.
Trend
Bullish