The EUR/JPY trades higher for a third consecutive week on the weak yen. It hit a high of 164.77 on Friday and is currently trading around 164.608. The bullish intraday outlook is maintained as long as the support of 159.80 holds.
Technical Analysis:
The EUR/JPY pair is trading above the 55 EMA and 34 EMA as well as the 200 EMA in the weekly chart.
- Near-Term Resistance: Around 165– a breakout here could lead to targets at 166.65/167.
- Immediate Support: At 164 – if breached, the pair could fall to 163.48/162.90/161.80/161/160/159/158.60/158.
Indicator Analysis (4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: neutral
Overall, the indicators suggest a mixed trend.
Trading Recommendation:
Consider buy on dips around 164, with a stop loss at 163, targeting take profit levels at 166.65.


FxWirePro: USD/CNY dips as yuan firms as investors await policy cues
FxWirePro: NZD/USD rallies as NZ inflation hits 2-1/2-year high
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro- Major Pair levels and bias summary
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro :USD/JPY drifts above 162 as range trading persists
FxWirePro:USD/JPY hovers near 40-year peak,intervention fears linger
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level
FxWirePro: USD/CNY gains some upside momentum but bias still bearish
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD better risk puts bulls back in charge 



