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EURJPY Trimming Some of its Gains Today

EURJPY : 4 Hour Chart

EURJPY today declined from the 4 month high price and now currently testing support from the rising support trend line of the channel within which it is trading. The moving averages are heading in same upward direction but moving apart signaling that the pair will continue to follow this uptrend. Therefore the pair might rise from the support trend line.

EURJPY : Daily Chart

If looking at the daily chart, we can see that if the pair will continue to rise within the rising channel the next nearest resistance is at 140.95.