EUR/JPY chart - Trading View
EUR/JPY was trading 0.24% lower on the day at 130.53 at around 12:35 GMT, after closing 0.09% higher in the previous session.
The single currency was dented after European Central Bank President Christine Lagarde once again pours cold waters on the central bank's hawkish expectations.
Lagarde urged leaders to keep their fiscal purse strings loose, warning that a premature brake on stimulus measures could derail a nascent recovery.
Risk aversion dominates financial markets as Delta variant concerns intensify, boosting the yen's safe-haven appeal and dragging the pair lower.
Technical bias for the pair is bearish. GMMA indicator shows minor trend is bearish while major trend is turning bearish.
Minor recovery attempts have been rejected at 200H MA, scope for further weakness. Bearish divergence and break below cloud add to the downside bias.
Price action hovers around 5-DMA at 130.48, scope for dip till 38.2% Fib at 129.34. Bearish invalidation only above daily cloud.


FxWirePro: AUD/USD dips after RBA Governor speech
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro: GBP/NZD gains some ground but bias is still bearish
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro- Major Pair levels and bias summary
EUR/USD Bounces from Monthly Low, But Bearish Pressure Remains
EUR/JPY Holds Bullish Bias as Euro Extends Recovery
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook 



