EUR/JPY chart - Trading View
EUR/JPY was trading 0.29% lower on the day at 129.20 at around 08:00 GMT, outlook bearish.
The pair started the week's trade with a bearish gap-down open, scope for further downside.
Turkey's President Tayyip Erdogan decided to replace hawkish central bank governor with a like-minded critic of high-interest rates.
Speculation that the decision might lead to short covering by Japanese individual investors (invested in Turkey lira for its high rates) led to spike in yen.
Stochs are showing a rollover from overbought levels and RSI is biased sharply lower.
5-DMA has turned and price action has slipped below 21-EMA. Chikou span is also biased lower.
Indicators on the intraday charts have turned bearish and price action has slipped below 200H MA.
Major trend still remains bullish. Dip till 55-EMA at 127.90 likely. Further weakness only on decisive break below.


FxWirePro: GBP/AUD regains upwards momentum but unable to hold above 38.2% fib
FxWirePro- Woodies pivot (Major)
GBPJPY Claims 215: Sterling Bulls Forge Ahead with Locked-In Momentum
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro- Major Crypto levels and bias summary
GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: AUD/USD edges lower as risk appetite sours on Geopolitical woe
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
Aussie-Yen Pulls Back to 114 — But Bulls See a Dip-Buying Run to 117
BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears
Kiwi-Yen Bulls Reload at 93: EMA Support Stack Points to 96–97 Targets
FxWirePro: EUR/AUD holds narrow range, focus on near-term support
NFP Shockwave Wipes Out EURUSD Gains as King Dollar Roars Back; Bears Target 1.1525
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro: AUD/USD softens as risk appetite abates 



