The consolidation ping pong between 200 and 100 day MA broken

The EURJPY is in play and the run is to the upside.

Looking at the daily chart, the pair has been stuck between the 200 day MA below at 132.26 and the 100 day MA above at 132.977.

The price has closed between those level over the last 8 trading days. The price is making a break to the upside now and trades at 133.39.

Looking at the daily chart the price has also moved above the 50% of the 2018 trading range at 132.214. That is close risk for the longs now.

Looking at the 4-hour chart, a topside trend line comes in at 133.66. That is the next target above.

PS the run higher in the EURJPY is impacting the EURUSD and the USDJPY. Both are moving higher. The EURUSD is trading to new session highs at 1.2231. The USDJPY is trading just off it's highs at 109.09. The high reached 109.15.