EUR/JPY chart - Trading View
EUR/JPY erases early gains to slip into negative territory, scope for further weakness.
The pair edges lower from session highs at 117.94 and was trading 0.08% lower at 117.45 at around 08:20 GMT.
Price action is extending weakness after rejection at 21-EMA resistance, technical indicators support downside.
GMMA indicator shows both major and minor trend are strongly bearish. 5-DMA has turned, volatility is rising and momentum strongly bearish.
Recovery attempts were capped at 200H MA and any minor upside only on break above.
Dip till 116 (major trendline support) likely. Breach below will open downside. Next major support lies at 78.6% Fib at 115.26.


NZD/JPY Sell-on-Rally Setup: Targeting 88.00 as Bearish EMAs Press Down
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/AUD recovers some ground, but outlook remains bearish
Hawkish Fed Fuels Gold Sell-off: Gold Dives Below $4300 Amidst Rate Hike Fears
Energy Sector Outlook 2025: AI's Role and Market Dynamics
Fade the Rally: AUD/JPY Eyes 109.30 Downside as Resistance Holds
FxWirePro: GBP/USD eases ahead of U.S.-Iran talks and Trump-Burnham meeting
Bitcoin Surges Past $85,000 Amidst Rising Risk Appetite
FxWirePro: USD/ZAR retreats as markets await U.S.-Iran talks and South Africa data
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/JPY firms as bearish yen sentiment persists
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Wall Street Analysts Weigh in on Latest NFP Data 



