EUR/JPY technicals: Still banging its head off ceiling just below 109.00

There is obviously someone or something holding this pair back just below 109.00, as it’s had a number of days where it has stalled near there. Nevertheless the bulls look to be taking over control and the trend base has been roughly set by the 21-day MA, currently at 107.00. A clean break above 109.00 should bring the February high at 110.00 quickly into focus.