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.


FxWirePro: NZD/USD jumps after US and Iran agree preliminary deal
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
Energy Sector Outlook 2025: AI's Role and Market Dynamics
FxWirePro: USD/JPY edges higher as the yen remains vulnerable despite repeated warnings of intervention.
2025 Market Outlook: Key January Events to Watch
FxWirePro: NZD/USD downside pressure builds, key support level in focus
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Pound-Yen Pullback: GBP/JPY Slips Below Key EMAs as Sterling Weakness Fuels Bearish Bet on 210
NZD/JPY Loses Its Shine: Kiwi Cracks Under Pressure as Bears Target 91.80
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Geopolitical Shocks That Could Reshape Financial Markets in 2025
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
China's Refining Industry Faces Major Shakeup Amid Challenges
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One 



