Chart - Courtesy Trading View
EUR/JPY was trading 0.13% higher on the day at 144.70 at around 05:30 GMT.
The pair has snaped a 3-day bearish streak and has edged higher, trades below 21-EMA.
Comments from European Central Bank (ECB) President Christine Lagarde later on Friday will be in focus for direction.
Fears emanating from China, North Korea and Russia keep sentiment depressed and limit upside in the pair.
Technical bias for the pair is tilted to the downside. 5-DMA is sharply lower. MACD confirms bearish crossover on signal line.
Bearish RSI divergence on the dialy charts raises scope for downside in the pair. Momentum is bearish, Stochs are sharply lower.
Support levels - 143.07 (55-EMA), 140.96 (110-EMA)
Resistance levels - 145.10 (21-EMA), 145.42 (20-DMA)
Summary: EUR/JPY trades with a bearish bias. Scope for dip till 55-EMA at 143.07. Breach below will see more weakness. Bearish invalidation only above 200H MA.
