EUR/JPY chart - Trading View
EUR/JPY was trading 0.42% higher on the day at 124.90 at around 11:40 GMT.
The major was holding onto gains above the daily cloud as the single currency remained muted to Eurozone data disappointment.
According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at -0.3% in November, missing expectations of -0.2% and compared to -0.3% previous.
Details of the report showed the core figures came in at 0.2% in the reported month inline with +0.2% expected and +0.2% previous.
Technical indicators show upside for the pair. Analysis of GMMA indicator shows minor trend has shifted to bullish, while major trend remains neutral.
Weekly charts show stiff resistance at 200W MA at 125.21. Decisive break above to see further upside.
Next hurdle aligns at 50% Fib at 125.95 ahead of 61.8% Fib at 128.67. Failure at 200W MA will negate any further bullishness.


FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro- Major Crypto levels and bias summary
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ CNY remains soft ahead of Fed decision 



