EUR/JPY chart - Trading View
EUR/JPY was trading 0.41% lower on the day at 125.36 at around 06:45 GMT after closing 0.26% lower in the previous session.
The pair is extending weakness for the 3rd straight session and has shown a break below 20-DMA support.
The single currency under pressure for the third consecutive session on Thursday after comments from the ECB Chief Economist Philip Lane, who said that the euro-dollar exchange rate does matter for monetary policy.
The remarks suggested that the policy makers were starting to become uncomfortable with the single currency's recent appreciation.
On the data front, focus remains on the final Eurozone Services PMIs for August along with July Retail Sales data.
Major trend in the pair is bullish, but stiff resistance is seen at 127 levels (major falling trendline). Breakout at 127 mark will see further gains.
On the flipside, 200W MA at 125.04 is major support. Technical studies suggest the pair to hold support at 125 mark. Breach below will change near-term dynamics.


NZDJPY Bulls Reload: Why 93.50 Is the Line in the Sand for a Run to 97
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY on nervous hold around 160.00
FxWirePro- Woodies pivot (Major)
EURJPY Dips on NFP Firepower But Stays Bullish Above 184—Load Up Near 185 for a Run to 188
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/USD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears 



