EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 
FxWirePro: USD/CAD neutral in the near term, scope for further upside 
FxWirePro- Woodies Pivot (Major) 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro: USD/CAD loses upside momentum but outlook is bullish 
FxWirePro- Major Crypto levels and bias summary 
JPY Major Currency Score 
FxWirePro: GBP/AUD edges higher but maintains bearish bias 
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340 
Add as a preferred source on Google
The EUR/JPY trades flat despite strong Euro. It hits an intraday high of 162.66 and is currently trading around 162.47. The intraday outlook is bullish as long as the support 161.50 holds.
Technical Analysis:
The EUR/JPY pair is trading above 34, below 55 EMA and 200-4H EMA in the 15 min chart.
- Near-Term Resistance: Around 162.70 a breakout here could lead to targets at 163/163.30/164.20/165/166.65/167.
- Immediate Support: At 162 if breached, the pair could fall to 161.50/161/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 1-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 162.38-40 with stop loss at 161.50 for a TP of 164.18.
