EUR/JPY: Pullback to the 200 EMA on the 4 hour chart

The 200 period exponential moving average or 200 EMA could work as a good support or resistance zona, especially on the higher time frames like the 4 hour chart. On the 4 hour chart of the EUR/JPY we can see that after it broke below the 200 EMA to the downside, it has now retraced back to it and the EMA may act as a resistance from where the price may try to bounce to the downside. Above the 200 EMA, the 133.00 level may also act as resistance. Below the 132.00 level, the 133.00 could act as support.