EURJPY lost its shine on a weak Euro. It hits an intraday low of 171.26 and is currently trading at approximately 171.65. Intraday outlook remains bearish as long as the resistance at 172.35 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 172.35, a breakout here could lead to targets at 172.75/173.25/174.
- Immediate Support: At 171.25 if breached, the pair could fall to 170.80/170/169.60/169/168.70/168.45/168.
Indicator Analysis 60-min chart): - CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest a bearish trend
Trading Recommendation:
It is good to sell on rallies around 172 with stop loss at 172.75 for a TP of 170/169.


NZDJPY Faces Selling Pressure: Will 95.20 Resistance Hold?
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: USD/JPY hovers near 160, outlook bullish
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
Major Pair Currency Scores: USDCHF Leads as Bullish Contender and major levels to watch
FxWirePro- Woodies Pivot (Major)
FxWirePro: AUD/USD holds steady ahead of key Australian and U.S. data
FxWirePro- Major Crypto levels and bias summary
EURUSD Dips Below 1.1600 Amidst Dollar Strength: Bearish Bias Favors Selling Rallies
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
Gold Tumbles Below $4400 Amidst Hawkish Fed Signals: Sell Rallies for Targets Near $4200
JPY Major Currency Scores: USDJPY and GBPJPY Lead Bullish Trend
AUDJPY Pares Gains: Bullish Trend Intact Above 114 Despite Profit-Taking
FxWirePro: GBP/NZD downtrend loses steam but outlook still bearish 



