FxWirePro: EUR/JPY capped below 50-DMA, further upside only on break above

• BOJ governor Kuroda’s hawkish comments increase demand for Yen in Asian session.
   
• Kuroda played down necessity for more easing in the short-term, thus squashing hopes of any surprise next week.
   
• EUR/JPY capped below 50-DMA resistance at 114.18, further gains can be seen only on break above.
   
• Hourly charts show bearish 5-DMA crossover on 20-DMA.
   
• Pair is currently holding minor support by 1H 50-SMA at 113.72. Break below could see drag upto 113.55 (trendline).
   
• Violation there could see next major support at 113.26 (session low Oct 26).
   
• Major support levels - 113.72 (1H 50-SMA), 113.55 (trendline), 113.26 (session low Oct 26)
   
• Major resistance levels - 113.92 (1H 20-SMA), 114, 114.18 (50-DMA)
   

Recommendation: Good to sell rallies around 113.90, SL: 114.35, TP: 113.55/ 113.25