EUR/JPY battle to regain the 20-day SMA, bears remain resilient

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• EUR/JPY bears are presenting a battle to the bulls at the 20-day SMA, with the buyers struggling to consolidate above.
• The daily chart flashes bullish signals, with the four-hour indicators indicating at exhaustion.
• Fundamentals favour the EUR over the JPY.

On Tuesday, the EUR/JPY cross slightly advanced to the 158.36 area over the 20-day Simple Moving Average (SMA), but the buyers struggle to make a significant upward movement.
 
 The technical analysis of the daily chart suggests a neutral to bullish stance for EUR/JPY as the bulls work on recovering their ground and seem to be slow. The Relative Strength Index (RSI) demonstrates a favourable upward trend above its midline, while the Moving Average Convergence (MACD) histogram displays fading red bars.