FxWirePro: EUR/JPY trades a narrow range, upside capped by 55-EMA at 115.37

12 September 2016, 09:39
Eko Rediantoro
0
4
  • EUR/JPY rangebound in the Asian session, Doji formation seen.
     
  • Upside capped by 55-EMA at 115.37, break above finds next major resistance at 115.87 (trendline).
     
  • We see scope for test of 20-DMA at 114.31, break below finds next support at 114 (rising trendline).
     
  • Techs are mildly bearish with no clear directional bias.
     
  • Major support levels - 115 (5-DMA), 114.31 (20-DMA), 114 (rising trendline)
     
  • Major resistance levels - 115.37 (55-EMA), 115.47 (session high), 115.87 (trendline)
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