EURJPY pared some of its gains on a strong yen. It hits an intraday high of 172.85 and is currently trading at approximately 172.46. Intraday outlook remains bullish as long as support 169.80 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 15-min chart.
- Near-Term Resistance: Around 172.85, a breakout here could lead to targets at 174/175.
- Immediate Support: At 172, if breached, the pair could fall to 171.60/170.80/170.50/169.70/169/168.70/168.45/168.
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 buy on dips around 172 with a stop loss at 171.25 for a TP of 174.
Z


FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: GBP/NZD slide lower shifts pressure to the downside
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro- Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th
FxWirePro- Major Crypto levels and bias summary
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro- Major US Indices
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 



