FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level 
FxWirePro: GBP/AUD falls after BoE rate hold 
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum 
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails 
FxWirePro- Woodies Pivot (Major) 
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90 
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro- Major Crypto levels and bias summary 
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength 
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 
FxWirePro: USD/CAD loses upside momentum but outlook is bullish 
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340 
FxWirePro: USD/CAD neutral in the near term, scope for further upside 
Add as a preferred source on Google
EUR/JPY lost its shine on the strong yen. It hit a low of 161.12 at the time of writing and is now trading around 161.127. The intraday outlook is bearish as long as the resistance 163 holds.
The Japanese yen gained momentum on easing US treasury yields and BOJ rate hike hopes.
Technical Analysis
The pair is currently below the 34- and 55 EMA, as well as the 365 Hull moving average on the 4-hour chart.
Near-Term Resistance: Around 162. A breakout here could lead to targets of 163/164.18/165.
Immediate Support: At 160.80. If this level is breached, the pair could drop to 160/ 159, or 158.10.
Indicator Analysis (4-hour chart)
- CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, indicators suggest a bearish trend.
Trading Recommendation
Consider selling on rallies around 162, with a stop loss at 163, aiming to take profit levels at 158.15.
