Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.12% lower on the day at 142.89 at around 07:10 GMT
- The pair is extending weakness for the second straight session, remains capped below 5-DMA
- Momentum has turned bearish, Stochs and RSI have rolled over from overbought levels
- Chikou span is biased lower, MACD is on verge of bearish crossover on signal line
- Price action has slipped below 200H MA, GMMA shows major and minor trend are bullish
Major Support Levels:
S1: 141.31 (21-EMA)
S2: 140.76 (20-DMA)
Major Resistance Levels:
R1: 143.30 (5-DMA)
R2: 143.60 (200H MA)
Summary: EUR/JPY remains capped below 5-DMA. Scope for test of 21-EMA support at 141.31.
