EUR/JPY chart - Trading View
EUR/JPY was trading 0.19% higher on the day at 128.67 at around 07:15 GMT.
The pair has ignored Gravestone Doji formation on the previous session's candle and is staging a modest recovery.
Renewed COVID-19 jitters should further collaborate towards capping the upside for the major.
Further, escalation of diplomatic tensions between China and Western countries is likely to keep safe-haven bids for the yen and weighing on the pair.
Concerns that pandemic-related restrictions could derail the fragile Eurozone economic recovery amid the slow pace of vaccinations also weigh on the pair.
Focus now on the release of the German Ifo survey, which is expected to show an improvement in business morale.
EUR/JPY has been rejected at 200 month MA, minor recovery attempts are capped below 21-EMA.
Outlook for the pair is bearish. Scope for further weakness, next major support lies at daily cloud and 110-EMA at 126.76.


EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
NZD/JPY Flatlines Near 94.60: Will Key Support Reignite the Uptrend?
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: EUR/AUD regains upwards momentum but unable to hold above 50%fib level
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro- Major Pair levels and bias summary 



