Chart - Courtesy Trading View
Technical Analysis: Bias Bearish
GMMA Indicator
- Shows strong bearish bias on near and long term moving averages on daily and intraday charts
Ichimoku Analysis
- Price action well below the daily cloud, Chikou span is biased lower
- The pair is extending break into the weekly cloud
Oscillators
- Stochs and RSI show strong bearish momentum
- RSI is well below the 50 mark and shows strength in the current downtrend
Bollinger Bands
- Bollinger bands are spread wide apart and are showing signs of further widening
- Volatility is hence high and rising, likely to add fuel to the downside momentum
Major Support Levels: 127.93 (trendline support), 127.15 (110-week EMA)
Major Resistance Levels: 128.63 (5-DMA), 128.84 (55-week EMA)
Summary: EUR/JPY has paused downside at major trendline support at 127.93. Decisive break below is required for downside continuation.


FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro:EUR/AUD eases but bullish outlook persists
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD retreats slightly but trend is still bullish
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish
FxWirePro: USD/JPY firms as Japanese Yen weakens after BoJ rate hike
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116
FxWirePro: GBP/AUD moves lower on weak UK data
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/NZD uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains
Aussie-Yen Holds Firm Post-BOJ Rate Boost: Intraday Bullish Momentum Intact 



