EUR/JPY chart - Trading View
EUR/JPY was trading 0.15% lower on the day at 122.98 at around 15:30 GMT, further weakness on charts.
The pair has been on a downward spiral since beginning of September and price action has slipped below the daily cloud indicating further downside.
On the data front, consumer confidence in the euro area rose modestly in September, but failed to impress euro bulls.
EU Consumer Confidence indicator improved slightly to -13.9 in September bettering expectations for a -14.6 print.
This data had little impact on the shared currency's performance across the board. EUR/USD also continues to trade in the red.
Technical studies for EUR/JPY support further downside for the pair. Dip till 200-DMA at 120.86 likely.
Breach below 200-DMA support could drag the pair to test 61.8% Fib retracement at 119.24.
Support levels - 122.23 (38.2% Fib), 120.86 (200-DMA), 119.24 (61.8% Fib)
Resistance levels - 123.58 (5-DMA), 124.08 (23.6% Fib), 124.72 (50-DMA)


GBP/JPY Bulls Reload at 214: Triple EMA Support Eyes 216–217 Breakout
FxWirePro: GBP/NZD stuck in narrow range , outlook bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD falls to two-week low on strong US jobs data
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.
FxWirePro: USD/CAD extends gains as U.S. dollar gains momentum after strong U.S. NFP data
FxWirePro- Major Crypto levels and bias summary
FxWirePro: AUD/USD softens as risk appetite abates
FxWirePro: USD/JPY on nervous hold around 160.00
EUR/USD Under Siege: Bearish EMA Stack Eyes 1.1525 as Iran Ceasefire Talks Crumble
FxWirePro: EUR/NZD tight ranges prevail as market waits for fresh catalyst
FxWirePro: GBP/AUD bulls gain momentum on hot U.S. Jobs data
FxWirePro: USD/ZAR bears maintain upper hand 



