Today, the EUR/JPY pair is attempting to recover yesterday's losses.
From a technical perspective, the pair shifted in favor of the bears. A drop below the 200-SMA on the four-hour chart supports bearish sentiment, and oscillators on the same chart have also moved into negative territory. The round level of 172.00 now serves as key resistance; a breakout above it would allow the cross to return to a positive outlook, with further movement toward resistance at 172.70 and then the round level of 173.00.
It is also worth noting that oscillators on the daily chart have not yet moved into negative territory. However, the short-term positive momentum is weakening as EUR/JPY remains below the nine-day exponential moving average (EMA) on the daily chart.
Immediate support is now at 171.27. A break below this level would bring the 50-day SMA into play, followed by a move toward the round level of 171.00. From there, the decline could accelerate, with support at 170.77 on the path to the round level of 170.00, after which the bears would gain full control.
The table below shows the percentage change of the euro (EUR) against major currencies for today. 
The euro showed the weakest performance against the Japanese yen.
