JPY Action Bias: USDJPY, AUDJPY & EURJPY Turn Extremely Bullish – Top Pairs to Watch 
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch 
AUDJPY Pulls Back on Profit Booking: Buy Dips Toward 117/118 
FxWirePro- Woodies pivot (Major) 
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NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97 
FxWirePro- Major Pair levels and bias summary 
FxWirePro:NZD/USD edges higher as kiwi firms on hawkish RBNZ outlook 
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 
FxWirePro: GBP/USD stays below 1.3400 level following cooler inflation report 
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support 
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro: AUD/USD bulls struggles as upside momentum fades 
FxWirePro- Woodies pivot (Major) 
EURJPY trades slightly lower after forming a minor top around 163.87 (Aug 19th, 2024 high). It hit a low of 160.45 yesterday and is currently trading around 160.90.
The hawkish comments from the BOJ Deputy Governor put pressure on the pair at higher levels.
Technicals-
The pair is trading above 34- and 55 EMA in the hourly chart.
The near-term resistance is around 161.50 (200- H MA), a breach above targets 162.16/162.50/162.93. Major bullish continuation only above 163.87. The immediate support is at 160.78, any violation below will drag the pair to 160.40/160/158.95.
Indicator (hourly chart)
CCI (14)- Bullish
CCI (50)- Bearish
Average directional movement Index - neutral. All indicators confirm the mixed trend.
It is good to stay away.
