EUR/JPY chart - Trading View
EUR/JPY was trading largely unchanged on the day at 123.47 at around 07:00 GMT.
The pair has erased early gains to slip lower from session highs at 123.87 as investor remain cautious ahead of the key German IFO survey data.
The recently clinched deal on the European Recovery Fund was seen lending wings to the momentum around the euro.
Upside in the pair has stalled shy of 200W SMA at 124.76, 'Shooting Star' at highs dents upside.
Overbought oscillators add to downside pressure in the pair. Price action has slipped below 5-DMA.
On the data front, focus shall be on the key German IFO survey due later today ahead of ECB’s M3 Money Supply and Private Sector Loans.
Major trend in the pair is bullish. Weakness is likely to remain shallow. Scope for test of 200W MA at 124.76 on upside resumption.
110W EMA at 122.33 is major support. Break below invalidates any upside bias. Dip till 200-DMA at 119.93 then likely.


AUDJPY Reclaims 114: Bears Growl in the Short Term, But Bulls Hold the Line
FxWirePro: EUR/AUD jumps as payrolls surprise fuels upside
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro- Major Crypto levels and bias summary
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro- Major Pair levels and bias summary 



