EUR/JPY chart - Trading View
EUR/JPY erases early gains to slip into negative territory, scope for further weakness.
The pair edges lower from session highs at 117.94 and was trading 0.08% lower at 117.45 at around 08:20 GMT.
Price action is extending weakness after rejection at 21-EMA resistance, technical indicators support downside.
GMMA indicator shows both major and minor trend are strongly bearish. 5-DMA has turned, volatility is rising and momentum strongly bearish.
Recovery attempts were capped at 200H MA and any minor upside only on break above.
Dip till 116 (major trendline support) likely. Breach below will open downside. Next major support lies at 78.6% Fib at 115.26.


FxWirePro- Major Pair levels and bias summary
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: GBP/NZD range to extend until there is game changing news
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
2025 Market Outlook: Key January Events to Watch
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Urban studies: Doing research when every city is different
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro- Major Crypto levels and bias summary
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro: GBP/NZD remains buoyant, looks to extend gains
FxWirePro- Woodies Pivot(Major) 



