The EURJPY continues to stay above 200 day MA. Can it stay that way?
The 200 day MA comes in at 132.129
The EURJPY moved above its 200 day MA at 132.129 in trading yesterday. The price remains above that MA line currently (trading at 132.24 as I type) The price in March tested that line on two separate occasions and stalled each time. So the break is a change in the bias.

For traders stay above that line will be eyed. Stay above is more bullish. Move below could easily turn the buyers into sellers once again.
The buyers are trying to hold onto the bias, but the risk level is defined and will help limit the risk if that line is broken.
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