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FxWirePro- Major Pair levels and bias summary 
EUR/JPY chart - Trading View
EUR/JPY is trading in a narrow range on the day with session high at 115.60 and low at 115.10.
The pair is consolidating previous session's weakness and technical studies suggest further downside.
MACD on the weekly charts supports downside. ADX is rising with negative DMI dominance which adds to the bearish bias.
Euro zone March producer prices data released on Tuesday showed PPI suffered their steepest fall since the 2008 financial crisis.
Final Eurozone Services PMIs for April are due later on Wednesday and they will likely be catalysts for further weakness.
The pair is on track to breach 'Symmetric Triangle' pattern. Scope for test of 88.6% Fib at 112.43. Bearish invalidation only above 200-DMA.
