EUR/JPY chart - Trading View
EUR/JPY was trading 0.11% lower on the day at 125.24 at around 10:15 GMT, extending previous session's losses.
The pair closed below 55-EMA on Friday's trade and is set to extend downside as technical studies support weakness.
Price action has retraced below 200W MA and major trendline resistance turned support, raising scope for further downside.
MACD is biased lower, oscillators are bearishly aligned and negative DMI crossover on positive DMI aids bearish bias.
Daily cloud offers strong support at 124.80, break below will see bearish continuation. Breach at 200-DMA will open up downside.


EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance
FxWirePro: USD/CNY hits 15-month low , scope for further downside
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD dips below lower range, bearish bias increases
FxWirePro: EUR/NZD set for bigger drop, but close below key fibo needed
CAD/JPY Holds Positive Bias Despite Canada’s Sharp GDP Contraction: Buy Dips Toward 116 Target
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD attracts selling interest, vulnerable to more downside
FxWirePro: AUD/USD gaining momentum for a move towards 0.6800 level 



