FxWirePro: GBP/NZD retreats slightly but trend is still bullish 
FxWirePro- Major European Indices 
FxWirePro:EUR/AUD eases but bullish outlook persists 
FxWirePro: GBP/AUD moves lower on weak UK data 
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook 
FxWirePro- Woodies Pivot(Major) 
FxWirePro: AUD/USD bulls struggle to hold on US CPI induced gains 
FxWirePro- Major Crypto levels and bias summary 
GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: USD/ZAR edges higher but bearish outlook persists 
FxWirePro- Woodies Pivot(Major) 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption 
EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish 
BTCUSD Dips Post-BOJ Hike: No Swift Tightening Boosts Risk – Buy Around $87K Targeting $100K 
The EUR/JPY trades flat ahead of the ECB's monetary policy tomorrow. It hits a low of 161.28 and is currently trading around 162.25. The intraday outlook is bearish as long as the resistance at 163.30 holds.
Markets eye ECB monetary policy for further direction.
Technical Analysis:
The EUR/JPY pair is trading below 34, below 55 EMA, and 200-4H EMA in the 15 min chart.
- Near-Term Resistance: Around 162, a breakout here could lead to targets at 162.80/163.30/164.20/165/166.65/167.
- Immediate Support: At 161.25 if breached, the pair could fall to 161/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to sell on rallies around 162.48-50 with stop loss at 163.30 for a TP of 158.50.
