Gold Loses Steam After Strong U.S. Retail Sales 
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs 
FxWirePro- Woodies pivot (Major) 
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target 
FxWirePro: AUD/ USD eases as risk sentiment remains fragile 
FxWirePro: GBP/USD under pressure despite UK's modest economic growth 
ETH Stands Alone Bullish; BTC, SOL, XRP, BNB Neutral 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions 
FxWirePro- Major Crypto levels and bias summary 
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral 
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 
CAD/JPY Surges on Broad-Based Canadian Dollar Buying 
FxWirePro:EUR/NZD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
EUR/JPY gained sharply yesterday after the hawkish ECB rate cut. It hit a high of 164.77 yesterday and is currently trading around 164.46. The intraday outlook is bullish as long as the support of 162.75 holds.
Market eyes US NFP data for further direction. Any weak US jobs data will push the Euro further towards the 1.1500 level.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and above 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 165 a breakout here could lead to targets at 166/166.65/167.
- Immediate Support: At 163.90 if breached, the pair could fall to 163.50/ 163/162.75/162/161.49/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Bullish
Overall, the indicators suggest bullish trend
Trading Recommendation:
It is good to buy on dips around 164 with a stop loss at 163 for a TP of 166.50.
