Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading largely muted at 137.50 at around 10:55 GMT
- The pair has been capped at 21-EMA which is offering stiff resistance at 137.43
- Price action has made a session high at 137.65 and low at 137.14
- Momentum is with the bulls. Stochs and RSI are biased higher
- GMMA indicator shows major and minor trend are neutral, price action is above 200H MA
Support levels - 137.07 (110-EMA), 136.76 (5-DMA)
Resistance levels - 138.05 (55-EMA), 139.62 (Upper BB)
Summary: EUR/JPY pivotal at 21-EMA resistance. Upside only on decisive break above.
