Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.22% lower on the day at 136.37 at around 10:05 GMT
- The pair is extending weakness after rejection at 21-EMA resistance
- Price action is below 200H MA and GMMA indicator shows major and minor trend are bearish on the intraday charts
- The pair is trading below daily cloud and Chikou span is biased lower
Major Support Levels:
S1: 134.88 (Lower BB)
S2: 134.11 (200-DMA)
Major Resistance Levels:
R1: 136.99 (5-DMA)
R2: 137.23 (21-EMA)
Summary: EUR/JPY is trading with a bearish bias. Scope for test of 200-DMA. Bearish invalidation only above 21-EMA.
