EUR/JPY chart - Trading View
EUR/JPY was trading 0.08% lower on the day at 128.67 at around 10:15 GMT.
The pair is extending weakness for the 3rd straight session, outlook is bearish.
Price action has slipped below 200-DMA and daily cloud, further downside likely.
Data published by Eurostat on Friday showed annualized Eurozone Consumer Price Index (CPI) rose by 3.4% in September, beating expectations of 3.3%, up from August’s reading of 3.0%.
The core figures arrived at 1.9% YoY in September when compared to 1.9% expectations and 1.6% booked last.
Technical bias for the pair is bearish, momentum indicators are biased lower and volatility is high, scope for further weakness.
Immediate support for the pair lies at 55-week EMA at 128.32. Break below will see next support at 127.93 (Double bottom).
On the flipside, immediate resistance lies at 129.04 (Cloud base). Bearish invalidation only above daily cloud.


FxWirePro- Woodies pivot (Major)
FxWirePro- Major Pair levels and bias summary
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
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings
FxWirePro: GBP/USD edges higher as traders await BoE guidance and UK fiscal clarity
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro- Woodies pivot (Major)
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
FxWirePro: AUD/USD dips after RBA Governor speech
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 



