EUR/JPY chart - Trading View
EUR/JPY was trading 0.42% higher on the day at 124.90 at around 11:40 GMT.
The major was holding onto gains above the daily cloud as the single currency remained muted to Eurozone data disappointment.
According to Eurostat’s flash reading of Eurozone CPI report, the annual reading came in at -0.3% in November, missing expectations of -0.2% and compared to -0.3% previous.
Details of the report showed the core figures came in at 0.2% in the reported month inline with +0.2% expected and +0.2% previous.
Technical indicators show upside for the pair. Analysis of GMMA indicator shows minor trend has shifted to bullish, while major trend remains neutral.
Weekly charts show stiff resistance at 200W MA at 125.21. Decisive break above to see further upside.
Next hurdle aligns at 50% Fib at 125.95 ahead of 61.8% Fib at 128.67. Failure at 200W MA will negate any further bullishness.


FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/USD rises as soft US data pressures dollar
FxWirePro: AUD/USD dips below lower range, bearish bias increases
FxWirePro- Woodies pivot (Major)
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
AUD/JPY Slips Below 112 as BOJ Intervention Sparks Bearish Momentum: Sell the Rallies
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD edges lower ahead of Fed policy verdict
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary 



