EURJPY is consolidating after forming a minor top at 173.42. It hits an intraday high of 173.28 and is currently trading at approximately 173.20. Intraday outlook remains bullish as long as support 171.80 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, above 200, and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 173.50, a breakout here could lead to targets at 173.89/174/175.
- Immediate Support: At 172.50 if breached, the pair could fall to 171.80/170.80/169.70/169/168.70/168.45/168.
Indicator Analysis 4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Bullish
Overall, the indicators suggest a bullish trend
Trading Recommendation:
It is good to buy on dips around 172.75-80 with a stop loss at 171.80 for a TP of 175.
Z


FxWirePro: GBP/AUD stuck in range but maintains bearish bias
NZDJPY Faces Selling Pressure: Will 95.20 Resistance Hold?
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: USD/CNY hovers near 3 -1/2 year low , outlook bearish
FxWirePro: GBP/USD cedes early gains ,outlook bearish
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
AUDJPY Pares Gains: Bullish Trend Intact Above 114 Despite Profit-Taking
FxWirePro- Major Pair levels and bias summary 



