EUR/JPY chart - Trading View
EUR/JPY was trading 0.11% lower on the day at 129.72 at around 04:15 GMT, struggles to extend previous session's gains.
The single currency remains pressured across the board amid German lockdown news.
Germany's Chancellor Angela Merkel expressed concerns about the severity of the coronavirus situation in the country and confirmed an extension to the lockdown until April 18.
The pair retraced brief dip below 21-EMA in the previous session, but upticks in price action are capped at 200-hour MA.
Major trend remains bullish. However, decisive break below 21-EMA could change near-term bias.
Major Support Levels:
S1: 129.40 (20-DMA)
S2: 129.23 (21-EMA)
Major Resistance Levels:
R1: 129.83 (5-DMA)
R2: 130.31 (200-month MA)
Summary: EUR/JPY pair has been on a bull run for the 5th straight month. Stiff resistance is seen at 200-month MA at 130.31. Decisive break above to fuel further gains.
