Chart - Courtesy Trading View
EUR/JPY was trading 0.07% lower on the day at 130.50 at around 10:15 GMT.
The pair is extending downward streak for the 4th straight session, outlook bearish.
Momentum is strongly bearish. Stochs and RSI are sharply lower, RSI is well below the 50 mark.
Volatility is high and rising as evidenced by widening Bollinger bands, MACD and ADX support weakness.
GMMA indicator shows near-term moving averages are biased lower, long term moving averages are flat.
Support levels - 130.45 (200-DMA), 130.29 (38.2% Fib), 130
Resistance levels - 130.76 (5-DMA), 130.83 (55-EMA), 131.27 (21-EMA)
Summary: EUR/JPY was trading with a strong bearish bias. Watch out for breach at 200-DMA support for further weakness.
