EUR/JPY broke the resistance level at 125.20 on daily interval creating a tall, white bullish candle. Broken resistance creates a trustable support which was tested twice in this week. Both of tests went great, and bulls managed to close daily candles above the support.
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There is also another support zone, created by two expotential moving averages (8 and 21 period) which indicate at least short term bullish sentiment. If the gains are going to be continued, it will probably bring us to test bearish trendline marked blue. Bearish scenario will be executed if supply gets through last candle’s low.
