EURJPY recovered above 173 after a minor sell-off. It hits an intraday low of 172.66 and is currently trading at approximately 173.08. Intraday outlook remains bullish as long as support at 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: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to buy on dips around 172.75-80 with stop loss at 171.80 for a TP of 175.
Z


FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro- Major European Indices
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: GBP/NZD range to extend until there is game changing news
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound 



