EUR/JPY Technical Analysis: EUR/JPY in breakout mode near 129.00 figure

• Tuesday’s price action is about to close the day as a doji like the previous day, suggestion indecision.  
• EUR/JPY is currently capped by the 129.00 figure and the 50, 100 and 200-period simple moving averages.  
• EUR/JPY is fairly balanced on both sides a and bulls need a strong breakout above the 129.50 supply level while bears need a breakout below 127.41 June 2 low.  

EUR/JPY 15-minute chart

Spot rate:                   128.95
Relative change:        0.09%      
High:                          129.58
Low:                           128.71

Trend:                        Neutral

Resistance 1:            129.00 figure
Resistance 2:            129.50 figure/supply level
Resistance 3:            130.32 June’s high

Support 1:                 128.62 June 22 high
Support 2:                 128.00 figure
Support 2:                 127.41 June 2 low
Support 3:                 126.99 June 21 low
Support 4:                 126.64 June 19 low