Nikkei Surges Past 65,000 on Suspected Yen Weakness: Tech Giants Like Advantest and NEC Lead Explosive Gains 
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed 
FxWirePro: AUD/USD dips below lower range, bearish bias increases 
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict 
FxWirePro- Major Crypto levels and bias summary 
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend? 
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup 
FxWirePro: GBP/NZD remains weak, eyes 38.2%fib support 
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level 
FxWirePro: USD/CAD slips after Fed holds rates steady 
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch 
FxWirePro:EUR/NZD gains some upside momentum but still bearish 
FxWirePro- Major Pair levels and bias summary 
NZDJPY Bullish Rebound: Buy Dips as EMAs Align for 97 Target 
EURJPY bears have been constantly nudging prices below DMAs amid the highly volatile trading sessions of late. The pair has been plummeting from the highs of 122.875 levels to the recent lows of 114.397 levels.
Please be noted that we had advocated shorts more than a month ago, refer below weblink for more details: https://www.econotimes.com/FxWirePro-EUR-JPY-Interim-Bulls-Pave-The-Way-For-Fresh-Shorts-In-Major-Downtrend--Technicals-Trading-Hedging-Setup-1574768
For now, the interim upswings have been restrained constantly below 7 & 21-DMAs.
Ever since the minor trend breaches below channel support and forms hanging man pattern candle, the pair plummets prices below DMAs amid abrupt rallies (refer daily chart).
More slumps seem to be on the cards as both leading & lagging oscillators signal selling sentiments.
On a broader perspective, the major downtrend remains intact below EMAs, while bears managed to retrace 78.6% Fibonacci levels (monthly chart).
Downswings may resume upon failure swings as both the leading & lagging oscillators still in tandem with bearish sentiments on this timeframe as well.
Trading and hedging tips:
On trading perspective, at spot reference: 116.101 levels, contemplating above technical rationale it is advisable to trade tunnel options spreads using upper strikes at 116.412 levels and lower strikes at 115.474 levels.
Alternatively, ahead of eurozone PMIs, we advocate shorts in EURJPY futures contracts of mid-month tenors with a view to arresting potential dips, since further price dips are foreseen we would like to uphold the same strategy.
