EURJPY declined more than 100 pips from yesterday high 157.50. on strong Yen. It hit a low of 156.06 and is currently trading around 156.25.
ECB cuts rate by 25 bpbs as expected and President Lagarde reiterated further action would be data-dependent.
Technicals-
The pair trades below 34- and 55 EMA in the hourly chart.
The near-term resistance is around 156.78, a breach above targets 157/157.50/158.11. Overall bias remains weak as long as resistance 160 holds—major bullish continuation only above 163.87. The immediate support is at 156, any violation below will drag the pair to 155.68/154.88 (127.2% fib).
Indicator (hourly chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish. All indicators confirm a bearish trend.
It is good to sell on rallies around 156.78-80 with SL around 157.50 for TP of 154.90.


FxWirePro- Major Pair levels and bias summary
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum
FxWirePro: GBP/AUD takes back some lost ground
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro- Major Crypto levels and bias summary
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro: EUR/AUD claws back some losses but rcovery likely muted
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: USD/ZAR slips sharply lower as US-Iran ceasefire lifts risk appetite
Aussie Bulls Charge: AUD/JPY Rallies as Geopolitical Clouds Part 



