FxWirePro: EUR/JPY capped at 21-EMA, decisive break above required for further upside

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/JPY was trading 0.35% lower on the day at 136.91 at around 13:55 GMT

- The pair is struggling to break above 21-EMA which is capping upside at 137.35

- GMMA indicator shows major and minor trend are neutral

- Price action is below cloud and Chikou span is biased lower

- MACD shows bullish crossover on signal line, but ADX supports downside

Support levels:

S1: 134.87 (Lower BB)

S2: 134.08 (200-DMA)

Resistance levels:

R1: 137.35 (21-EMA)

R2: 137.97 (55-EMA)

Summary: EUR/JPY capped at 21-EMA. Technical indicators show no clear directional bias.