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EUR/JPY chart - Trading View
EUR/JPY slips lower for the second straight session, upside in the pair capped below Tenkan Sen.
The major was trading 0.14% lower on the day at 120.69 at around 09:30 GMT, bias strongly bearish.
Price action failed to break above stiff resistance at 200H MA at 121.87, raising scope for further weakness.
MACD has confirmed a bearish crossover on signal line. Analysis of the GMMA indicator shows major trend is bullish, while minor trend has turned bearish.
21-EMA is strong support at 120.37. Break below will see dip till 200-DMA at 119.53. Violation there will plummet prices.
Major Support - 120.37 (21-EMA)
Major Resistance - 121.87 (200H MA)
