Thursday, October 15, 2026

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FxWirePro: EUR/JPY edges higher from session lows at 113.81, bias lower, good to sell rallies

EUR/JPY extending downside from brief break above 55-EMA (currently at 115.37). Intraday bias lower, Stoch and RSI biased south. German industrial production data missed forecasts, dipped from previous 0.5% to -1.2% in J…

By FxWirePro Team
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FxWirePro: EUR/JPY edges higher from session lows at 113.81, bias lower, good to sell rallies
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  • EUR/JPY extending downside from brief break above 55-EMA (currently at 115.37).
     
  • Intraday bias lower, Stoch and RSI biased south.
     
  • German industrial production data missed forecasts, dipped from previous 0.5% to -1.2% in July.
     
  • The pair is currently holding 20-DMA support at 113.99, break below to target 113.35 (trendline support).
     
  • Major support levels - 113.99 (20-DMA), 113.35 (trendline), 113, 112.65 (Aug 18 low)
     
  • Major resistance levels - 114.70 (10-DMA), 114.88 (session high), 115, 115.13 (5-DMA)
    ​

Recommendation: Good to sell rallies, SL: 115, TP: 113.35/ 113/ 112.65
 

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By FxWirePro Team