EURJPY pared some of its gains on the 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-minute 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: USD/CAD outlook weaker on renewed downside pressure
FxWirePro- Woodies Pivot(Major)
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro- Major US Indices
FxWirePro- Major Crypto levels and bias summary
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downtrend extends ,eyes 23.6%fib support
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro: EUR/CAD tumbles as strong Canadian jobs data fuels BoC rate-hike bets 



