EUR/JPY chart - Trading View
EUR/JPY is trading in a narrow range on the day with session high at 115.60 and low at 115.10.
The pair is consolidating previous session's weakness and technical studies suggest further downside.
MACD on the weekly charts supports downside. ADX is rising with negative DMI dominance which adds to the bearish bias.
Euro zone March producer prices data released on Tuesday showed PPI suffered their steepest fall since the 2008 financial crisis.
Final Eurozone Services PMIs for April are due later on Wednesday and they will likely be catalysts for further weakness.
The pair is on track to breach 'Symmetric Triangle' pattern. Scope for test of 88.6% Fib at 112.43. Bearish invalidation only above 200-DMA.


Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
FxWirePro: GBP/NZD remains weak, eyes 2.2550 level
China's Refining Industry Faces Major Shakeup Amid Challenges
US Gas Market Poised for Supercycle: Bernstein Analysts
China’s Growth Faces Structural Challenges Amid Doubts Over Data
FxWirePro: AUD/USD remains buoyant, looks to extend gains
NZDJPY Bulls in Control: Buy-the-Dip Setup Points to 96 Target
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro- Woodies Pivot(Major)
FxWirePro: AUD/USD jumps after RBA rate hike
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout
European Stocks Rally on Chinese Growth and Mining Merger Speculation
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro: USD/ZAR dips below lower range, bearish bias increases
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 



