- EUR/JPY failed to sustain the recovery and slipped lower from session highs at 121.96 as the JPY bulls fought back control.
- Data released earlier today showed Japanese Q1 GDP revised to 0.5% q/q in Q1, slightly better than the 0.4% reading seen previously.
- Risk appetite remains poor, boosting the safe-haven bids for the yen, weighing on the cross.
- EUR/JPY hit session lows at 121.33 and has edged higher to currently trade around 121.68 levels.
- Intraday bias remains lower, pair on track to test trendline support at 120.60.
- Immediate support is seen by 5-DMA at 121.60 ahead of 121.48 (May 6th lows).
- Resistance on the flipside is seen at 122, 122.29 (10-DMA) and then 122.80 (21-DMA).
Recommendation: Good to sell rallies around 121.75/85, SL: 122.30, TP: 121.30/ 121


Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
FxWirePro- Woodies Pivot(Major)
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/JPY holds range near 160 as intervention risks loom
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR sustains gains as uptrend remains strong
FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm
FxWirePro- Major European Indices 



