Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 0.51% lower on the day at 144.03 at around 12:20 GMT
- The pair has slipped below 200H MA and GMMA indicator has turned bearish on the intraday charts
- MACD is on verge of bearish crossover on signal line, Chikou span is biased lower
- Bearish Stochastics divergence keeps the pair under pressure
- Stochs and RSI are biased lower, Stochs are on verge of bearish rollover from overbought levels
Support levels - 143.64 (21-EMA), 142.77 (55-EMA)
Resistance levels - 144.57 (5-DMA), 144.70 (200H MA)
Summary: EUR/JPY is struggling to extend 'Symmetric Triangle' breakout. The pair is pivotal at 21-EMA support. Break below will drag the pair lower.
