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FxWirePro: EUR/JPY Daily Outlook

Friday, September 16, 2022 11:34 AM UTC

Chart - Courtesy Trading View

Technical Analysis:

- EUR/JPY was trading 0.42% lower on the day at 142.86 at around 11:20 GMT

- The pair has failed to build on to previous session's gains, resumes weakness below 5-DMA

- RSI and Stochs confirm bearish rollover from overbought levels, bias is lower

- Price action has slipped below 200H MA on the intraday charts

- GMMA indicator shows major trend is bullish, while minor trend is turning bearish

Support levels:

S1: 142

S2: 141.12 (21-EMA)

Resistance levels:

R1: 143

R2: 143.55 (5-DMA)

Summary: EUR/JPY poised for more downside. Upside remains capped at 5-DMA, scope for dip till 21-EMA at 141.12.

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FxWirePro: EUR/AUD trends higher, but faces potential pitfalls

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FxWirePro: EUR/JPY Daily Outlook

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