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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.
