FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
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- BOJ governor Kuroda’s hawkish comments increase demand for Yen in Asian session.
- Kuroda played down necessity for more easing in the short-term, thus squashing hopes of any surprise next week.
- EUR/JPY capped below 50-DMA resistance at 114.18, further gains can be seen only on break above.
- Hourly charts show bearish 5-DMA crossover on 20-DMA.
- Pair is currently holding minor support by 1H 50-SMA at 113.72. Break below could see drag upto 113.55 (trendline).
- Violation there could see next major support at 113.26 (session low Oct 26).
- Major support levels - 113.72 (1H 50-SMA), 113.55 (trendline), 113.26 (session low Oct 26)
- Major resistance levels - 113.92 (1H 20-SMA), 114, 114.18 (50-DMA)
Recommendation: Good to sell rallies around 113.90, SL: 114.35, TP: 113.55/ 113.25
