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Forex pairs in this Article » USD/JPY
FXStreet (Bali) - EUR/JPY is holding onto recent gains at the early Tokyo session.

Despite the pair is well off its Friday's high at 141.23, as the Nikkei 225 opens around -0.5%, the bullish pressure is building with buyer's next mission to break and hold above the 141.00 area.

EUR/JPY technicals - V.Bednarik

Technically, Valeria Bednarik, Chief Analyst at FXStreet, notes: "The hourly chart shows price above its 100 SMA, acting now as dynamic support around 140.40, while indicators diverge some to the downside, albeit above their midlines."

In the 4 hours chart, Valeria finds a similar picture, saying "indicators are signaling a positive tone", adding that "a new advance above 141.00 should see price extending beyond mentioned high, favoring a continued advance towards the 142.30 area.!
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