Chart - Courtesy Trading View
Technical Analysis:
- EUR/JPY was trading 1.21% lower on the day at 137.54 at around 10:30 GMT
- The pair has slipped below daily cloud, raising scope for further downside
- Momentum is bearish, Stochs and RSI are sharply lower, RSI is well below 50
- GMMA indicator shows major trend is neutral while minor trend is bearish
- MACD and ADX support downside in the pair. Chikou span is biased lower
Support levels:
S1: 137.20 (110-EMA)
S2: 136.83 (Lower BB)
Resistance levels:
R1: 138.74 (5-DMA)
R2: 139.51 (21-EMA)
Summary: EUR/JPY break below cloud has opened downside in the pair. Scope for test of 38.2% Fib at 136.68.


FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
FxWirePro: GBP/AUD under pressure as pound continues to weaken
Crypto Bias Report: Trend Signals and Top Bullish Picks
FxWirePro: GBP/AUD bears maintain upper hand
FxWirePro: GBP/USD downtrend loses steam but outlook still bearish
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro :USD/JPY eases slightly, remains on bullish path
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
FxWirePro: USD/ZAR retreats slightly but bias is bullish
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 



