Thursday, October 15, 2026

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FxWirePro: EUR/JPY extends range trade, focus on eurozone CPI and ECB accounts data

EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug. The pair finds major trendline support at 112.45, weakness only on break below. On the upside 20-DMA at 113.97 is immediate resistance ahea…

By FxWirePro Team
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FxWirePro: EUR/JPY extends range trade, focus on eurozone CPI and ECB accounts data
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  • EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug.
     
  • The pair finds major trendline support at 112.45, weakness only on break below.
     
  • On the upside 20-DMA at 113.97 is immediate resistance ahead of 114.90 (falling trendline).
     
  • The major trades with a neutral bias, techs are inconclusive and we prefer to remain on the sidelines for now.
     
  • Break below 112.45 will see test of 111 levels, while break above 114 could find next resistance at 115.
     
  • Focus remains on eurozone final CPI report and ECB monetary policy accounts due later in the European session.
     

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By FxWirePro Team