Fade the Rally: AUD/JPY Eyes 109.30 Downside as Resistance Holds 
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish 
2025 Market Outlook: Key January Events to Watch 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
FxWirePro- Major Pair levels and bias summary 
US Gas Market Poised for Supercycle: Bernstein Analysts 
NZD/JPY Sell-on-Rally Setup: Targeting 88.00 as Bearish EMAs Press Down 
FxWirePro- Major Crypto levels and bias summary 
Stock Futures Dip as Investors Await Key Payrolls Data 
FxWirePro- Major Pair levels and bias summary 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
FxWirePro: USD/CAD gains as broad dollar strength lifts pair 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts 
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays 
Add as a preferred source on Google
EUR/JPY chart - Trading View
EUR/JPY was trading 0.10% lower on the day at 116.84 at around 06:30 GMT, further weakness on charts.
The single currency found some support amid a turnaround in the global risk sentiment.
EUR/JPY edged higher to hit session highs above 5-DMA at 117.41, but soon erased gains to retrace below 117 handle.
Technical studies support downside in the pair. Scope for test of major trendline support at 116.
Major and minor trend in the pair are strongly bearish as evidenced by GMMA indicator. Volatility is also rising which will aid downside drag.
Eurozone Inflation and the coronavirus updates will be the key to watch for further impetus.
Break below 116 will open downside, while break above 21-EMA required for change in near-term dynamics.
Support levels - 116 (trendline support), 115.86 (Sept 2019 low), 114.85 (Apr 2017 low)
Resistance levels - 117.25 (5-DMA), 118.09 (21-EMA), 118.64 (Daily cloud)
