EUR/JPY Tests 186.50 Barrier After Ascending Triangle Breakout
EUR/JPY extends gains for a third day, trading near 186.40 during Asian hours, testing the 186.50 barrier after breaking above an ascending triangle top.
EURJPY
The EUR/JPY cross extended its winning streak for a third consecutive session on Thursday, trading near 186.40 during Asian hours. The pair is testing the key resistance barrier at 186.50 after breaking higher from an ascending triangle pattern.
The near-term bias remains bullish, supported by the pair holding above both the 9-day and 50-day Exponential Moving Averages. The breakout above the triangle's top suggests continued upward momentum in the sessions ahead.
Source: FXStreet Forex News