Thursday, October 15, 2026

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FxWirePro: EUR/JPY breaks major trendline support at 113.15, bias lower, stay short

EUR/JPY has broken below major trendline support at 113.15. The pair is capped below 5-DMA at 113.40 and is trading a narrow range. Focus on Eurozone preliminary manufacturing PMI data due for release later in the EU ses…

By FxWirePro Team
1 min read
FxWirePro: EUR/JPY breaks major trendline support at 113.15, bias lower, stay short
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  • EUR/JPY has broken below major trendline support at 113.15.
     
  • The pair is capped below 5-DMA at 113.40 and is trading a narrow range.
     
  • Focus on Eurozone preliminary manufacturing PMI data due for release later in the EU session.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-5-DMA-caps-upside-in-EUR-JPY-good-to-go-short-on-rallies-360395) has achieved TP1.
     
  • We see scope for further downside, recommend holding for targets. Bearish invalidation only above 114.20.
     
  • Major support levels - 112.59 (30th Sept low), 112.08 (Sept 21,22), 111.90 (trendline)
     
  • Major resistance levels - 113.15 (trendline), 113.40 (5-DMA), 114, 114.18 (20-DMA)
     

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By FxWirePro Team