FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation 
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum 
FxWirePro: USD/CAD neutral in the near term, scope for further upside 
FxWirePro: AUD/USD firms after RBA governor Bullock comments 
FxWirePro- Woodies Pivot (Major) 
JPY Major Currency Score 
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 
FxWirePro- Major Pair levels and bias summary 
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340 
FxWirePro: GBP/AUD edges higher but maintains bearish bias 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Major Pair levels and bias summary 
Add as a preferred source on Google
The EUR/JPY trades weak despite strong Euro. It hits an intraday low of 161.61 and is currently trading around 161.67. The intraday outlook is bearish as long as the resistance 163 holds.
Technical Analysis:
The EUR/JPY pair is trading below 34, below 55 EMA and 200-4H EMA in the one hour chart.
- Near-Term Resistance: Around 162.10 a breakout here could lead to targets at 162.70/163/163.30/164.20/165/166.65/167.
- Immediate Support: At 161.50 if breached, the pair could fall to 161/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 1-hour chart):
- CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest Mixed trend
Trading Recommendation:
It is good to sell on rallies around 162 with stop loss at 163 for a TP of 160.
