EUR/JPY chart - Trading View
Technical Analysis: Bias Bearish
- EUR/JPY was trading 0.58% lower on the day at 128.51 at around 14:00 GMT
- Price action was rejected at 21-EMA, slips below daily cloud
- Momentum indicators are biased lower, RSI is well below 50 mark
- MACD is below zero mark, supports downside, GMMA indicator shows major bias is bearish
- Recovery attempts were rejected at 200H MA, any upside only on decisive break above
Support levels - 127.95 (Converged Trendline & Lower BB), 127, 126.39 (61.8% Fib)
Resistance levels - 128.80 (5-DMA), 129.21 (21-EMA), 129.34 (38.2% Fib)
Summary: EUR/JPY trades with a bearish bias. The pair is on track to test major support at 128 levels. Breach below will plummet prices. On the flipside, bearish invalidation only above daily cloud.


NZDJPY Bulls Charge Ahead: Buying the Dips Above 90 for a Shot at 92
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: USD/CNY downside pressure builds, key support level In focus
FxWirePro: GBP/USD dips lower on negative UK retail sales data
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact
USDCHF Triple Bottom at 0.7920 Under Threat: Bearish Signals Dominate – Sell Rallies Targeting 0.7865
FxWirePro: AUD/USD edges higher ahead of RBA meeting minutes
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K
FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed
EUR/JPY Surges on Yen Weakness: Bullish Momentum Eyes 186-187 Targets 



