EURJPY - Technical Analysis: Thursday, 19/02/2015 06:25 GMT

The pair is drawing an inverted head and shoulders’ pattern that will be completed by breaching 136.15 level, and the price is waiting to get positive momentum and positive signals from the technical indicators to confirm breaching the mentioned neckline.

The exponential moving average 50 attempts to offer the positive support to the price from below, to support the chances of achieving positive targets on the short term basis.