EURJPY closed above the daily 200-day moving average on Friday. The pair is also above the tenkan-sen and kijun-sen lines, which support the bullish bias. There is scope to rise above the daily Ichimoku cloud as long as momentum remains to the upside. For now RSI is in bullish territory above 50.
The top of the cloud will act as resistance at 137.15 but a break above this will open the way towards the August 21 peak of 138.98. To the downside the moving average will act as immediate support at 136.05.
But overall EURJPY has a neutral bias and has been in a range mostly between 132.21 and 138.98. Prices have to clear the 140.00 level for the bullish trend to resume.