EUR/JPY chart - Courtesy Trading View
Technical Analysis: Bias Bearish
- EUR/JPY extends range trade above 50-DMA support
- Long upper wicks on the daily candles suggests selling pressure at highs
- 5-DMA caps upside and is biased lower
- Momentum is bearish, Stochs and RSI are sharply lower
- MACD supports weakness, GMMA indicators shows near-term moving averages are biased lower
Support levels - 130.56 (50-DMA), 130.43 (200-DMA), 130.29 (38.2% Fib)
Resistance levels - 130.91 (5-DMA), 131.02 (50% Fib), 131.35 (21-EMA)
Summary: EUR/JPY trades with a bearish bias. Strong support seen till 130.30. Breach below will drag the pair lower. Bounce off 200-DMA negates any further bearishness.


FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
FxWirePro- Major European Indices
NZDJPY Whipsaws After BoJ Hike: Buy-the-Dip Setup Above 89 With Eyes on 92
FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/USD dips lower on negative UK retail sales data 



