FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level 
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 
EUR/JPY Holds Bullish Bias as Euro Extends Recovery 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/AUD gains some upside momentum but still bearish 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD maintains bersish bias with focus on 2.2900 level 
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
EUR/JPY chart - Trading View
Spot Analysis:
EUR/JPY was trading 0.35% higher on the day at 130.07 at around 09:10 GMT
Previous Week's High/ Low: 131.08/ 129.61
Previous Session's High/ Low: 130.29/ 129.48
Fundamental Overview:
Eurozone preliminary Manufacturing PMI arrives at 62.6 in July, beating estimates at 62.5.
The bloc’s Services PMI jumped to 181-month highs of 60.4 in July vs. 59.5 expected and 58.3 prior.
The IHS Markit Eurozone Composite PMI expanded further to 60.6 in July vs. 60.0 expected and 59.5 prior.
German Manufacturing PMI rose to 65.6 in July, while the services PMI came in at 62.2 for the reported month as against 59.1 estimated.
Better-than-expected PMIs lend support to the single currency and help offset dovish ECB-led weakness.
Technical Analysis:
- EUR/JPY is extending choppy trade below 110-EMA
- The pair is on track to close the week with a Dragonfly Doji formation
- Price action is holding above 200-DMA, weakness only on break below
- Stochs and RSI have shown a rollover from oversold levels and are biased higher
Major Support and Resistance Levels:
Support - 128.44 (200-DMA), Resistance - 130.46 (110-EMA)
Summary: EUR/JPY has erased most of previous session's losses. Upbeat PMIs help offset ECB-led weakness. Breakout above 110-EMA will see further gains.
