EURJPY hits a 16-year high as yen loses momentum due to political crisis in Japan. It hits an intraday high of 177.65 and is currently trading at approximately 177.59. Intraday outlook remains bullish as long as support 176 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 178,a breakout here could lead to targets at 179.54/180.
- Immediate Support: At 176.90, if breached, the pair could fall to 176/175/173.78/173/171.80/170.80/169.70.
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 176.78-80 with a stop loss at 176 for a TP of 180. 176.25/178.


FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
Dollar Resurgence Propels USDCHF Above 0.8000: Technicals Signal Continued Bullish Momentum Toward 0.8150
Bitcoin Recovers Amid Easing Geopolitics: Bulls Target USD 80,000 Support Rebound
FxWirePro: GBP/USD gains some upside momentum but still bearish
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
Euro Bulls Retreat: EURUSD Faces Resistance at 1.1500 as Technical Indicators Signal Further Downside
FxWirePro: EUR/AUD retreats slightly but trend is still bullish
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
Sterling’s Six-Week Streak Snaps: GBPJPY Slumps Toward 210.00 as Bearish Momentum Intensifies
FxWirePro: EUR/ NZD loses momentum but outlook is bullish
FxWirePro: GBP/AUD runs out of steam but maintains bullish outlook
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
Aussie Losing Its Luster: AUDJPY Breaks Below 110.00 as Bearish Momentum Intensifies
Ethereum in Consolidation: ETH Trapped in Narrow Range as Bulls Await the USD 2,000 "Buy the Dip" Opportunity 



