EUR/JPY chart - Trading View
EUR/JPY was trading 0.20% higher on the day at 129.39 at around 07:00 GMT, after closing 0.11% lower in the previous session.
Chatters of reflation fears and the ECB’s bond purchase moves keep pressure on the single currency.
The pair was consolidating gains above 21-EMA, technical indicators keep scope for upside.
RSI is above the 50 mark and bias is higher. Stochs are on verge of bullish rollover from oversold levels.
Price action is above daily cloud and Chikou span is biased higher. GMMA indicator shows major trend is bullish.
Focus on the preliminary reading of Germany’s March month Harmonized Index of Consumer Prices (expected 2.0% YoY versus 1.6% prior).
Also of relevance is the Eurozone Consumer Confidence for March, expected to remain unchanged at 10.8%, as well as Business Climate figures for the said month.


FxWirePro: USD/ZAR retreats but trend is still bullish
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger 



