EUR/JPY trades in a narrow range after a major pullback above 165. It hit a high of 165.45 yesterday and is currently trading around 165.06. Intraday outlook is bullish as long as the support of 163.85 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and above 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 165.50 a breakout here could lead to targets at 166/166.65/167.
- Immediate Support: At 164.50 if breached, the pair could fall to 163.85/163.50/ 163/162.75/162/161.49/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest Mixed trend
Trading Recommendation:
It is good to buy on dips around 164 with stop loss at 163 for a TP of 166.50.


FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro- Major European Indices
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: GBP/USD gains some upside momentum but still bearish
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CNY dips as China’s yuan strengthens on Iran war de escalation hopes 



