European Stocks Rally on Chinese Growth and Mining Merger Speculation 
FxWirePro- Major Pair levels and bias summary 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Energy Sector Outlook 2025: AI's Role and Market Dynamics 
China's Refining Industry Faces Major Shakeup Amid Challenges 
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears 
Gold Pares Gains Amidst Dollar Strength; Technicals Signal Sell-on-Rally Opportunity 
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
FxWirePro: GBP/AUD bears maintain upper hand 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Woodies Pivot (Major) 
FxWirePro- Major Crypto levels and bias summary 
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
Add as a preferred source on Google
EUR/JPY chart - Trading View
EUR/JPY was rangebound as we head into the European session today, bias remains bearish.
The pair is likely consolidating previous session's losses, has been extending downside for 6 consecutive sessions.
Technical studies support further downside in the pair. Momentum strongly bearish. Oscillators are in neutral with scope for further downside.
Major and minor trend as evidenced by GMMA are strongly bearish. Volatility is rising on the daily and weekly charts.
MACD shows bearish crossover on signal line and ADX supports downside.
The pair has resumed downside after failure to break above 50W MA. Scope for test of trendline support at 116.
5-DMA is immediate resistance at 118.55. Bearish invalidation only on breakout above 50W MA.
Support levels - 116.47 (Lower BB), 116 (Trendline support), 115.26 (786.% Fib)
Resistance levels - 118.09 (50H MA), 118.55 (5-DMA), 119.35 (200H MA)
