Bullish price-indicator crossover in EUR/JPY

A bullish crossover between the EUR/JPY current rate and its 200-hour SMA has been detected.

The ascending EUR/JPY price finds itself en route to the 800-SMA, which carries an equal resistance to the 200-SMA on 4hr charts. Such a price-indicator cross has not occurred at least for a week on this time frame, highlighting its significance.