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FxWirePro: EUR/JPY trades directionless at cloud support, bias neutral

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/JPY finds strong support at 55-EMA and daily cloud, weakness only on break below

- Price action is now above 200H MA and hovers around 21-EMA

- Stochs and RSI have turned flat, RSI holds above 50 mark

- Spinning top formation on the previous session's candle suggests indecision

- GMMA indicator shows major and minor trend are neutral on the daily charts

Major Support and Resistance Levels:

Support - 134.94 (55-EMA), Resistance - 136.07 (20-DMA)

Summary: EUR/JPY finds strong support at 55-EMA and daily cloud, weakness only on break below. On the other side, decisive breakout above 20-DMA will push the pair higher.
 

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