EURJPY pared some of its gains on a strong yen. It hit a low of 170.28 yesterday and is currently trading at approximately 170.96. Intraday outlook remains bearish as long as the resistance at 172.25 holds. Short-term outlook remains bullish as long as support 167.60 holds.
Technical Analysis:
The EUR/JPY pair is trading below 55 EMA, 200, and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 171.60, a breakout here could lead to targets at 172/172.25/172.75/173.25/174.
- Immediate Support: At 170.80 if breached, the pair could fall to 170/169.60/169/168.70/168.45/168.
Indicator Analysis (60-min chart): - CCI (50): Bearish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to sell on rallies around 171.58-60with stop loss at 172.25 for a TP of 170/169.


Ethereum Cracks Under $1,700: Sell the Rally Near $1,750 as Bears Eye $1,380–$1,200
FxWirePro: EUR/ NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD stuck in range but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD loses upside momentum but outlook is bullish
FxWirePro- Major Crypto levels and bias summary
Relief Rally Extends to 112.75, but AUDJPY EMA Structure Favors Selling
BTC’s Bear Bounce: Sell the Rally Near $66K as Bears Target $59K–$52K Breakdown
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: USD/ZAR edges higher, set to stay on back foot
FxWirePro- Major European Indices
CAD/JPY Breaks Down: Loonie Weakness and BOC Patience Set Bears’ Sights on 110
GBPJPY Coil Tightens: Is a Bullish Break Above 215.60 Imminent?
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD range-bound as Iran uncertainty keeps traders cautious 



