- Euro slumped on Thursday as ECB left policy unchanged and revised its economic and inflation forecast for 2016.
- BoJ member, Takehiro Sato, criticized BoJ's negative interest-rate policy and said that the central bank should go slow in trying to achieve its 2% inflation target.
- Comments reduced expectations of further stimulus from the BoJ and boosted the Japanese Yen.
- EUR/JPY is attempting a tepid recovery from 3-year low of 121.05 hit on Thursday and is poised for further downside.
- Techs support further downside, momentum studies weak, Stochs biased lower.
- The pair has broken major trendline support at 121.30 and finds next support at 119.75 ahead of 119.11 and then 118.71.
- Resistance on the upside is seen at 122, 122.45 (May 6th highs) and then 122.42 (5-DMA).
Recommendation: Good to sell rallies around 121.30/40, SL: 122, TP: 121/119.75/119


FxWirePro: GBP/AUD consolidates around 2.0145, maintains bullish bias
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/NZD remains bullish as rally continues
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: EUR/CAD gaining momentum for a move towards 1.6250 level
FxWirePro: USD/JPY dips as yen strengthens ahead of BOJ policy meeting
FxWirePro: EUR/NZD advances as kiwi weakness after RBNZ's Breman comments
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices 



