Thursday, October 15, 2026

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FxWirePro: EUR/JPY trades a narrow range, 20-DMA at 113.85 caps upside

EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug. On the day EUR/JPY extends narrow range trade, the single currency showed muted reaction to the negative German PPI data released earlier. …

By FxWirePro Team
1 min read
FxWirePro: EUR/JPY trades a narrow range, 20-DMA at 113.85 caps upside
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  • EUR/JPY has been trading in a narrow range between 114 and 112.30 since 3rd Aug.
     
  • On the day EUR/JPY extends narrow range trade, the single currency showed muted reaction to the negative German PPI data released earlier.
     
  • The pair finds major trendline support at 112.50, weakness only on break below.
     
  • On the upside 20-DMA at 113.85 is immediate resistance ahead of 114.85 (falling trendline).
     
  • Momentum studies on daily charts are neutral, Stochs are biased higher. 
     
  • Break below 112.50 will see test of 111 levels, while break above 114 could find next resistance at 115.
     

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By FxWirePro Team