EUR/JPY hits fresh session high – orders via ForexLive

EUR/JPY  is up more than a half-cent on the day as it hits a fresh high at 138.45.

Today's rally erases most of the losses from last Thursday.

EUR/JPY 2 hour chart

A bearish death cross occurred last week with the 55-dma falling below the 200-dma for the first time since Dec 2012.

Offers lurk in the 138.55 range up to Thursday's high of 138.77. More light offers at 139.00 with buy stops above 139.20. The confluence of the 55-dma and 200-dma is at 139.28/39.

posted via ForexLive