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Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/JPY was trading 0.38% lower on the day at 130.81 at around 10:35 GMT
- The pair is extending weakness after gravestone Doji formation in the previous session
- Momentum is bearish, Stochs and RSI are biased lower
- Price action is below 200H MA and GMMA indicator shows bearish tilt on the intraday charts
Support levels - 130.71 (21-EMA), 130.44 (200-DMA)
Resistance levels - 131.00 (5-DMA), 131.57 (200H MA),
Summary: EUR/JPY was trading with a bearish bias. Scope for further weakness. Watch out for break below 200-DMA for dip till 130.
