FxWirePro: EUR/JPY capped within daily cloud, decisive break above required for upside continuation

Chart - Courtesy Trading View 

Technical Analysis: 

- EUR/JPY was trading 0.30% lower on the dy at 143.85 at around 09:45 GMT

- The pair remains capped within the daily Ichimoku cloud

- MACD is on verge of bullish crossover on signal line

- Stochs are bias higher, RSI is flat and remains below the 50 mark

- The pair is extending choppy trade around 21-EMA

Support levels - 144.01 (21-EMA), 143.68 (5-DMA)

Resistance levels - 144.82 (Cloud top), 146.05 (Upper BB)

Summary: EUR/JPY trades directionless, capped inside the daily Ichimoku cloud. Breakout will provide clear direction for the pair.