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EUR/JPY chart - Trading View
EUR/JPY was trading largely rangebound on the day at 119.91 at around 09:45 GMT.
Pullback from multi-year highs at 124.432 has paused at 200-DMA which is major support at 119.54.
'Doji' formation at lows dents further downside. Scope for upside resumption as major trend remains bullish.
Break below 200-DMA will find next major support at 119.19 (55-EMA). While on the flipside, retrace above 20-DMA confirms upside.
That said, minor trend remains bearish. Decisive break below 200-DMA will see dip till 61.8% Fib at 118.23.
Support levels - 119.54 (200-DMA)
Resistance levels - 120.26 (21-EMA)
