FxWirePro: EUR/JPY finds stiff resistance at 200-DMA (131.90), break below 5-DMA to see further weakness

• EUR/JPY rejected at 200-DMA again on Tuesday's trade, slips lower to close below 21-EMA.
   
• Minor recovery attempts on the day was rejected at session highs at 131.17, slips below 131 handle.
   
• The pair finds stiff resistance in 131.90 to 132.25 zone, we can see upside only on decisive breakout above.
   
• Technical indicators lack clear directional bias. RSI and Stochs are in neutral zone on daily charts.
   
• Immediate support is seen at 5-DMA at 130.35, break below will see slight weakness.
   
• 200W SMA offers strong support, violation there will see major downtrend.

FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 130.488 (Bullish), while Hourly JPY Spot Index was at -110.03 (Bearish) at 0930 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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