EUR/JPY chart - Trading View
EUR/JPY was trading largely muted, marginally down by 0.03% at 129.02 at around 05:25 GMT.
The pair is trading flat for the 4th straight session, technical indicators do not provide a clear directional bias.
That said, long upper wicks on the daily candles raise scope for some downside in the pair.
Price action is moving away from upper Bollinger band and slight bearish divergence on RSI and Stochs adds to the bearish pressure.
Downside for the pair will likely gather pace if the German Industrial Production and the Eurozone Sentix Investor Confidence disappoint expectations.
Focus also on Japan and eurozone Q4 GDP data due Tuesday for impetus. US-Eurozone growth divergence could dent the common currency across the board.
Price action is holding support at 200H MA. Break below will drag the pair lower. Next major support lies at 21-EMA at 128.19.


FxWirePro:EUR/NZD gains some upside momentum but still bearish
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD falls after softer-than-expected Australian Q2 CPI
FxWirePro: USD/ CNY remains soft ahead of Fed decision
FxWirePro- Major Crypto levels and bias summary
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro- Woodies pivot (Major)
Major Forex Pairs Action Bias: GBPUSD and AUDUSD Turn Extremely Bearish
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro- Major Pair levels and bias summary
JPY Pairs Action Bias: EURJPY Leads as Bullish Standout Amid Mixed Momentum
FxWirePro: USD/CAD slips after Fed holds rates steady
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision 



