Thursday, October 15, 2026

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FxWirePro: EUR/JPY attempts tepid bounce towards 112 handle, weakness below 111.70

EUR/JPY downside stalled ahead of the mid-point of 111 handle, the pair is attempting to retake the 112 handle. Upside, for now, seems to be capped by 20-SMA on 2 hourly charts, break above could see upside upto 112.50. …

By FxWire Pro
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FxWirePro: EUR/JPY attempts tepid bounce towards 112 handle, weakness below 111.70
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  • EUR/JPY downside stalled ahead of the mid-point of 111 handle, the pair is attempting to retake the 112 handle.
     
  • Upside, for now, seems to be capped by 20-SMA on 2 hourly charts, break above could see upside upto 112.50.
     
  • On the downside strong trendline support lies at 111.70, break below could see downside resume. Test of 111 then likely.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-EUR-JPY-recovers-from-2-week-lows-of-11103-bias-lower-232115) has achieved all targets. 
     
  • German industrial production data ahead of the ECB monetary policy accounts due later in the European session will drive price action in the pair.
     
  • Techs on the daily charts are bearish. We would recommend selling on upticks. Watchout for breakout above 112 for test of 112.48.
     
  • Bearish invalidation only above 113 levels.
     

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By FxWirePro Team