EUR/JPY chart - Trading View
EUR/JPY has ignored the 'Spinning Top' formation on Monday's candle, has resumed weakness.
The pair was trading 0.34% lower on the day at 117.31 at 06:20 GMT, bias strongly bearish.
Price action is extending weakness after rejection at 21-EMA resistance, technical indicators support downside.
GMMA indicator shows both major and minor trend are strongly bearish. 5-DMA is sharply lower and volatility is rising.
Recovery attempts were capped at 200H MA, dip till 116 (major trendline support) on cards.
Breach below 116 will open downside. Next major support lies at 78.6% Fib at 115.26.
5-DMA is now immediate resistance at 117.92. Bearish invalidation only above 21-EMA.


Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
Geopolitical Shocks That Could Reshape Financial Markets in 2025
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
US Gas Market Poised for Supercycle: Bernstein Analysts
European Stocks Rally on Chinese Growth and Mining Merger Speculation 



