- EUR/JPY spiked above last month's resistance at 125.00 post ECB meeting yesterday.
- The pair has also broken above 126 resistance and we see scope for upside till 128 levels.
- Extremely volatility seen post ECB event, where EUR initially plunged after the central bank aggressively unveiled more stimulus.
- Draghi's presser triggered a quick reversal rally as markets repriced forward outlook on interest rate differentials, after Draghi's announcements in the presser.
- Draghi stated that the ECB cannot cut rates as low as they want and squashed expectations over negative interest rates policy.
- BoJ meeting next week is expected to be a non-event, the central bank is likely to stay pat.
- Technicals for the pair are bullish, momentum is higher, we see scope for test of 129 levels.
- Bullish invalidation only below 123 levels.
Recommendation: Good to buy dips around 126.40, SL: 125.30, TP: 127.40/128


AUD/JPY Pares Gains Below 55 EMA: Is a Bearish Retreat Toward 108.00 Underway?
FxWirePro- Major Crypto levels and bias summary
USDJPY Bullish: JPY Major Currency Score
AUDJPY: Bearish Below 110 — Sell Rallies for a Potential Move to 108
JPY Major Currency Score: Mixed Trend — USDJPY Bullish; NZDJPY, AUDJPY, GBPJPY and EURJPY Bearish
FxWirePro- Woodies Pivot
NZDJPY: Bearish Bias Below 90 — Sell Rallies Toward 86.40
FxWirePro: USD/CAD edges lower but outlook is still bullish
FxWirePro: EUR/NZD recovers from early dip, upside pressure builds
FxWirePro: EUR/AUD gains some ground but outlook is bearish
FxWirePro: USD/CAD steadies around 1.3260, retains bid tone
FxWirePro-The Crypto Leaderboard Dashboard
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: NZD/USD bearish bias intact, eyes 0.5500 level
FxWirePro- Woodies Pivot
FxWirePro: AUD/USD edges lower as risk sentiment deteriorates
FxWirePro: NZD/USD attracts selling interest, vulnerable to more downside 



