The major trend of EUR/JPY is bullish

Pivot Points :

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.2365	1.2403	1.2470	1.2508	1.2575	1.2613	1.2680
GBP/USD	1.5559	1.5593	1.5613	1.5647	1.5667	1.5701	1.5721
USD/JPY	115.76	116.05	116.46	116.75	117.16	117.45	117.86
USD/CHF	0.9467	0.9520	0.9551	0.9604	0.9635	0.9688	0.9719
AUD/USD	0.8612	0.8646	0.8683	0.8717	0.8754	0.8788	0.8825
EUR/GBP	0.7904	0.7928	0.7974	0.7998	0.8044	0.8068	0.8114
USD/CAD	1.1191	1.1223	1.1259	1.1291	1.1327	1.1359	1.1395
NZD/USD	0.7826	0.7866	0.7894	0.7934	0.7962	0.8002	0.8030

SUMMARY:

The major trend of EUR/JPY is bullish, after showing some profit booking at higher level  the pair is now consolidating with a positive bias. In its  hourly chart the pair is taking resistance of falling trend line,given breakout & sustaining above the level,  the pair can show upside movement after crossing of the resistance level at 147 ,we can expect it to test the level of 147.50  by the end of the session 

STRATEGY :- EUR/JPY  is consolidating with positive bias & expected to show positive movement. The pair is looking bullish on charts. One can go for buy on dips strategy for this pair for intra day to mid term positions.

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