EUR/JPY Intraday Signal: Upside Extension Toward 173.95
EUR/JPY is holding a bullish tone while trading above the pivot level at 172.98. The RSI stands above 50, and although the MACD is still negative, it is positioned above its signal line and could turn positive if it crosses the zero level. Price action is supported by both the 20- and 50-period moving averages (173.28), which strengthen the bullish case. As long as 172.98 holds, the upside path toward 173.60 and 173.95 remains open. A break below 172.98 would expose 172.66 and 172.47.
Enter: 173.20
SL: 172.66
Target A: 173.60
Target B: 173.95