NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro- Woodies pivot (Major) 
JPY Action Bias: USDJPY Emerges as the Clear Bullish Pair to Watch Amid Mixed Crosses 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
NZDJPY Action Bias: Bullish Dip-Buying Opportunity on Broad Yen Weakness 
FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
AUDJPY Action Bias: Bullish Dip-Buy Setup Despite Flat Neutral Bias 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: USD/ZAR uptrend loses steam, remains on bullish path 
FxWirePro: AUD/USD dips after RBA Governor speech 
Chart - Courtesy Trading View
Spot Analysis:
EUR/JPY was trading 0.08% higher on the day at 129.13 at around 11:00 GMT.
Previous Week's High/ Low: 131.47/ 129.77
Previous Session's High/ Low: 130.08/ 129.01
Fundamental Overview:
On the data front, focus is on eurozone Consumer Confidence for the month of January along with speeches by ECB Board member Fernandez-Bollo and Chairwoman Lagarde.
Price action is likely to be overall consolidative amidst alternating risk appetite trends in global markets.
Technical Analysis:
- EUR/JPY extends weakness for the 2nd straight week
- Price action plunges further into the weekly cloud
- Momentum is bearish on the daily charts
- GMMA indicator shows major and minor trend are bullish
Major Support and Resistance Levels:
Support - 127.43 (110-week EMA), Resistance - 129.66 (5-DMA)
Summary: EUR/JPY was trading with a strong bearish bias. Volatility is high, momentum is bearish, further drag lower likely. Hammer likely to cushion downside for now. Bearish invalidation only above 21-EMA.
