- EUR/JPY extends weakness below 23.6% Fib, intraday bias bearish.
- The major is extending declines for the 5th straight session after rejection at 200-DMA in last week's trade.
- A 'shooting star' formation at highs adds to the bearish bias. Scope for test of 50-DMA at 129.17.
- Price is hovering around 130 handle and break below 100-DMA has opened up further downside.
- Technical indicators on intraday charts support weakness. Stochs and RSI are biased lower and we see -ve DMI crossover on +ve DMI.
- Next major support lies at 129.17 (38.2% Fib and 50-DMA), ahead of daily cloud at 129.05.
- On the flipside, retrace and close above 100-DMA will see consolidation. Breakout at 200-DMA to see further upside.
Support levels - 129.88 (55-EMA), 129.17 (38.2% Fib and 50-DMA), 129.05 (daily cloud), 128.30 (50% Fib)
Resistance levels - 130.24 (100-DMA), 130.61 (5-DMA), 131.85 (200-DMA), 132
Call update: Our previous call (https://www.econotimes.com/FxWirePro-EUR-JPY-rejected-at-200-DMA-with-shooting-star-formation-break-below-100-DMA-opens-up-further-downside-1406704) is progressing well.
Recommendation: Hold for targets.
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at 23.2343 (Neutral), while Hourly JPY Spot Index was at 98.2557 (Bullish) at 0630 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


NZDJPY Bulls Charge Toward 95.00: Safe-Haven Exodus Drives Kiwi Rally
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD edged lower as early optimism over U.S.–Iran peace talks fade
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
Euro Holds the Line: EURUSD Finds Support at the 365-EMA as Peace Talks Loom
FxWirePro:NZD/USD continues to recovers , upside pressure builds
Pound on Pause: GBPJPY Bulls Regroup for a Potential Sprint Toward 215.00
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD extends decline on broad dollar weakness
FxWirePro: GBP/USD bulls remain cautiously optimistic
FxWirePro -Major European Indices
FxWirePro: EUR/CAD gains ground on prospects of resumed energy flows
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD remains under pressure as key support gives way
Ethereum’s Healthy Correction: Bulls Eye Strategic Re-Entry at 2,150 USD Following Profit-Booking Pullback
FxWirePro: GBP/NZD down trend loses steam, remains on bearish path
FxWirePro: AUD/USD retreats slightly but trend is still bullish 



