EURJPY pared some of its gains on the strong yen. It hits an intraday low of 173.48 and is currently trading at approximately 173.891. Intraday outlook remains bullish as long as support 173 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 174.20,a breakout here could lead to targets at 174.48/175/176.
- Immediate Support: At 173 if breached, the pair could fall to 172.50-/171.80/170.80/169.70/169/168.70/168.45/168.
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 173.48-50 with a stop loss at 173 for a TP of 175.
Z


FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro- Woodies Pivot (Major)
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro- Woodies Pivot (Major)
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro: AUD/USD holds steady ahead of key Australian and U.S. data 



