EUR/JPY chart - Trading View
EUR/JPY slumps on the day, trades 0.88% lower at 119.80 at around 09:50 GMT
The pair has retraced below 200-DMA and has failed to hold break above daily cloud.
The Japanese yen benefited from reviving safe-haven demand amid the prevailing caution across markets.
Mounting fears over an imminent global recession likely to keep downside pressure in the pair.
Technical studies for the pair are neutral. Close below 200-DMA will reinforce further downside in the pair.
Upside finds stiff resistance at 50W MA at 120.56. 21-EMA is immediate support at 119.40 ahead of 200H MA at 119.15.
Support levels - 119.40 (21-EMA), 119.15 (200H MA)
Resistance levels - 120.17 (5-DMA), 120.66 (Cloud top)


FxWirePro: AUD/USD remains buoyant, looks to extend gains
China's Refining Industry Faces Major Shakeup Amid Challenges
GBPJPY Bulls Dominate: Holds Above 213 with Eyes on 215 Breakout
NZDJPY Breaks 94: Bulls Charge as Kiwi Roars Back
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures
Global Markets React to Strong U.S. Jobs Data and Rising Yields
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
Wall Street Analysts Weigh in on Latest NFP Data
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed
U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
FxWirePro: GBP/NZD outlook weaker on renewed downside pressure
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
Bank of America Posts Strong Q4 2024 Results, Shares Rise
Energy Sector Outlook 2025: AI's Role and Market Dynamics
2025 Market Outlook: Key January Events to Watch
Iran Unrest Sparks Oil Rally — Bounce Off EMA, Buy Dips to $66.40 Glory
FxWirePro- Woodies Pivot(Major) 



