JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
JPY Action Bias: Extremely Bullish Surge Ignites Across NZD, GBP & AUD 
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely 
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support 
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223 
FxWirePro: AUD/ USD eases as risk sentiment remains fragile 
Gold Loses Steam After Strong U.S. Retail Sales 
FxWirePro- Major Pair levels and bias summary 
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites 
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
CAD/JPY Surges on Broad-Based Canadian Dollar Buying 
EURJPY showed a minor sell-off on Euro weakness. The euro declined against the US dollar as trade war uncertainty has increased safe-haven demand for a safe USD. It hits a high of 170.73 and is currently trading at approximately 170.376. Intraday outlook remains bullish as long as support 168.70 holds. Short-term outlook remains bullish as long as support 167.60 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 170.75, a breakout here could lead to targets at 171/172/173.
- Immediate Support: At 169.85 if breached, the pair could fall to 169.60/169/168.70/168.45/168/167.60 166.50/ 165.95/165.55/164.50/164.
Indicator Analysis 1-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 169.50 with a stop loss at 168.70 for a TP of 173/175.
