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FxWirePro: EUR/JPY Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/JPY was trading 0.51% lower on the day at 144.03 at around 12:20 GMT

- The pair has slipped below 200H MA and GMMA indicator has turned bearish on the intraday charts

- MACD is on verge of bearish crossover on signal line, Chikou span is biased lower

- Bearish Stochastics divergence keeps the pair under pressure

- Stochs and RSI are biased lower, Stochs are on verge of bearish rollover from overbought levels

Support levels - 143.64 (21-EMA), 142.77 (55-EMA)

Resistance levels - 144.57 (5-DMA), 144.70 (200H MA)

Summary: EUR/JPY is struggling to extend 'Symmetric Triangle' breakout. The pair is pivotal at 21-EMA support. Break below will drag the pair lower. 
 

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