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  |   Technicals


FxWirePro: EUR/JPY Daily Outlook

Chart - Courtesy Trading View 

Technical Analysis:

- EUR/JPY was trading 0.07% higher on the day at 141.94 at around 15:30 GMT

- The pair remains capped at 20-DMA, decisive break above will fuel further upside

- Price action is extending bounce off cloud support, rises for the fourth straight session

- GMMA indicator shows major and minor trend are bullish

- Momentum is with the bulls, Stochs and RSI are sharply higher

Support levels - 141.02 (21-EMA), 140.02 (55-EMA)

Resistance levels - 142.08 (20-DMA), 144.18 (Upper W BB)

Summary: EUR/JPY trades with a bullish bias. Watch out for break above 20-DMA for upside continuation. 

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