EUR/JPY chart - Trading View
Spot Analysis:
EUR/JPY was trading largely unchanged at 129.78 at around 08:40 GMT
Previous Week's High/ Low: 130.69/ 129.66
Previous Session's High/ Low: 130.27/ 129.68
Fundamental Overview:
The German economy ministry said that the country's GDP growth is likely to pick up significantly in Q3 following a 1.6% QoQ rise in the previous quarter.
The ministry further added that the GDP growth is expected to normalize in the fourth quarter.
ECB-led gains have likely fizzled out at 21-week EMA resistance. Uncertainty surrounding the German elections is weighing on the single currency.
Technical Analysis:
- EUR/JPY has formed an inverted hammer on Friday's trade
- The pair failed to extend break into the daily cloud
- Price action is pivotal at 200-DMA support, break below will plummet prices
- Recovery attempts rejected at 200H MA
- Stochs show bearish rollover from overbought levels
Major Support and Resistance Levels:
Support - 129.49 (200-DMA), Resistance - 130.04 (110-EMA)
Summary: EUR/JPY recovery from multi-month lows has been rejected at daily cloud. Bias has turned bearish. Watch out for break below 200-DMA for bearish continuation.


NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
GBPJPY Slips After Sterling Weakness, Bears Eye 216
FxWirePro- Major Crypto levels and bias summary
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 



