EUR/JPY chart on Trading View used for analysis
- EUR/JPY trades 0.22% lower on the day at 130.87 at the time of writing.
- The major is on track to close in the red for the 2nd straight week.
- The single currency is being hit on European political concerns.
- Price is extending weakness after spinning top formation on the previous week's chart.
- 200-DMA at 130.94 is strong support for the pair ahead of 5W-SMA at 130.69.
- Momentum studies are bearish. Stochs and RSI are sharply lower and MACD is showing a bearish crossover on signal line.
- Decisive break below 200-DMA will see extension of weakness. Scope for dip till 110-EMA at 130.08.
- Bounce off at 200-DMA negates bearish bias. The pair could then retest 131 levels.
FxWirePro Currency Strength Index: FxWirePro's Hourly EUR Spot Index was at -32.9275 (Neutral), while Hourly JPY Spot Index was at 27.0931 (Neutral) at 0945 GMT.
For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: USD/JPY dips as market assess risk of additional FX intervention.
Gold Retreats as Geopolitical Fears Ease: Bears Target $4,000 Support
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
NZDJPY Bears Stay in Command: Sell Rallies at 92.72-75 Targeting 90 as All EMAs Flash Red
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro: USD/ZAR gains as weak SA Manufacturing data hits rand
AUDJPY Bears Tighten Grip: Sell Rallies at 110.65-67 Targeting 107.75 as All EMAs Stay Red
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro- Woodies pivot (Major)
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro- Major Pair levels and bias summary
Forex Scorecard: EUR/USD, GBP/USD, and NZD/USD Stand Out as Prime Bullish Opportunities
FxWirePro- Major Pair levels and bias summary 



