EUR/JPY gained sharply from minor bottom 162.13. It hit an intra day high of 162.96 and is currently trading around 162.96. Intraday outlook is bearish as long as the resistance 165 holds.
Technical Analysis:
The EUR/JPY pair is trading below 34, 55 EMA and above 200-H EMA on the hourly chart.
- Near-Term Resistance: Around 163.30 a breakout here could lead to targets at 163.70/164.20/165/166/166.65/167.
- Immediate Support: At 162 if breached, the pair could fall to 161.49/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a bearish trend
Trading Recommendation:
It is good to sell on rallies around 164 with a stop loss at 165.20 for a TP of 160.10


Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
FxWirePro- Major Pair levels and bias summary
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: GBP/NZD range to extend until there is game changing news
FxWirePro: GBP/USD recovers but bears are not done yet again 



