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FxWirePro: EUR/JPY struggles to extend gains, finds stiff resistance at 200H MA

EUR/JPY chart - Trading View EUR/JPY slips lower from session highs at 122.11, trades marginally higher at 121.64 at 07:55 GMT. Price action has found stiff resistance at 200H MA at 122.12, break above required for furth…

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FxWirePro: EUR/JPY struggles to extend gains, finds stiff resistance at 200H MA
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EUR/JPY chart - Trading View 

EUR/JPY slips lower from session highs at 122.11, trades marginally higher at 121.64 at 07:55 GMT.

Price action has found stiff resistance at 200H MA at 122.12, break above required for further gains.

Price action is above cloud and 200-DMA. Major and minor trend as evidenced by the GMMA indicator are bullish. 

Resumption of downside will see major support at 200-DMA at 119.52. Break below will open downside.

Major Support - 120.40 (21-EMA)

Major Resistance - 122.12 (200H MA)
 

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