EUR/JPY chart on Trading View used for analysis
- EUR/JPY rejected at 200-DMA, with back-to-back Doji formation at highs.
- The pair is extending weakness and is trading 0.38% lower on the day at 129.115.
- Recovery attempts are capped at 110-EMA at 129.69, scope for weakness.
- Technical indicators are turning slightly bearish. Stochs are on verge of rollover from overbought levels.
- RSI is below 50 and baised lower. The pair is holding above 20-DMA support and break below will see further weakness.
- Scope for test of 61.8% Fib at 127.87. Bearish invalidation only on break above 200-DMA.
Support levels - 128.84 (20-DMA), 127.87 (61.8% Fib)
Resistance levels - 129.68 (110-EMA), 130.15 (200-DMA), 131
Recommendation: Good to go short on break below 20-DMA, SL: 129.70, TP: 128.85/ 127.35
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro: GBP/NZD remains bullish as rally continues
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro:USD/JPY neutral in the near-term, scope for downward resumption
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
FxWirePro- Major European Indices
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major Pair levels and bias summary
Urban studies: Doing research when every city is different
FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro- Woodies Pivot(Major)
Global Markets React to Strong U.S. Jobs Data and Rising Yields 



