EUR/JPY chart on Trading View used for analysis
- EUR/JPY pauses downside at major support at 127.60 (200-W SMA and major trendline).
- The pair is trading below 200-DMA and intraday bias bearish.
- Technical indicators are biased lower. RSI is below 50 and Stochs are biased lower.
- Break below 127.65 to see downside till 126.63. Further weakness to see test of 124.90.
- On the flipside, 5-DMA is immediate resistance at 128.34. Breakout at 55-EMA to see test of 200-DMA at 129.76.
Support levels - 127.60 (converged 200-W SMA and major trendline), 126.63 (Oct 26 low)
Resistance levels - 128.34 (5-DMA), 129.76 (200-DMA)
Recommendation: Good to go short on break below 127.60, SL: 128.35, TP: 127/ 126.63/ 126
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
Global Markets React to Strong U.S. Jobs Data and Rising Yields
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Major Pair Currency Score: AUDUSD Bearish — Key Levels to Watch
JPY Major Currency Score - EURJPY Bearish, All Other Major Neutral
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
Stock Futures Dip as Investors Await Key Payrolls Data
Urban studies: Doing research when every city is different
FxWirePro- Major Pair levels and bias summary
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
China's Refining Industry Faces Major Shakeup Amid Challenges
FxWirePro: EUR/AUD gains slightly, but downward resumption looks likely
FxWirePro: AUD/USD dips as RBA hike bets falter on jobs anxiety
FxWirePro: GBP/USD slipped lower as US inflation reinforces hawkish Fed outlook
GBPJPY Bounces Off Support: Bulls Target 212 as Short-Term Moving Averages Align
FxWirePro- Major Pair levels and bias summary 



