JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs 
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs 
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet 
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral 
FxWirePro: GBP/NZD downtrend extends, remains on bearish path 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro- Woodies pivot (Major) 
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support 
FxWirePro: AUD/USD edges higher as US- Iran war escalates 
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target 
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely 
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223 
FxWirePro: AUD/ USD eases as risk sentiment remains fragile 
FxWirePro- Woodies pivot (Major) 
The pair hits a fresh year high on board-based Euro buying. Intraday bias remains bullish as long as support 0.8380 holds. It hits an intraday high of 0.85014 and is currently trading around 0.85008.
Technical Analysis
The pair is currently trading above the 34- and below 55-EMA on the 4-hour chart.
Bearish Trend Confirmation: Any break below 0.84500 confirms an intraday bearish trend. A drop to 0.8400/0.8380/0.8300 is likely.
Near-Term Resistance: It broke major trend line resistance (trend line joining 0.87564 and 0.86251). A jump to 0.85405 (200 W EMA)/0.8600 is possible.
Indicator Analysis (Daily chart)
- CCI (50): Bullish
- Average Directional Movement Index: Bullish
Trading Recommendation
It is good to buy on dips around 0.84950-98 with SL around 0.84480 for a TP of0.8600
