EUR/JPY chart - Trading View
EUR/JPY was trading 0.33% lower on the day at 128.78 at around 09:20 GMT, outlook is bearish.
The pair is extending break below 200-DMA and is on track to test 50% Fib retracement at 127.87.
The single currency loses some momentum amidst a pick-up in German 10-year Bund yields which rose to -0.30%.
On the other side, the Japanese Yen gains on optimism after a Reuters poll reported that 53% of Japanese firms expected the economy would recover to pre-pandemic levels by end of the FY2022.
Technical indicators are biased bearish. Stochs and RSI are sharply lower. Recovery attempts are rejected at daily cloud.
Price action is down for the 3rd straight session, finds next immediate support at 55-week EMA at 128.24.
Break below 55-E-week EMA will see dip till 50% Fib retracement at 127.87. Bearish invalidation only above 200-DMA.


FxWirePro: AUD/USD dips after RBA Governor speech
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters
Crypto Action Bias: ETHUSD Stands Out as the Bullish Pair to Watch
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/ZAR retreats but trend is still bullish
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses
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
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: GBP/AUD downside pressure builds, key support level in focus 



