FxWirePro- Woodies Pivot (Major) 
FxWirePro- Woodies Pivot (Major) 
FxWirePro: GBP/AUD edges higher but maintains bearish bias 
JPY Major Currency Score 
FxWirePro: EUR/AUD downside pressure builds, key support level in focus 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 
FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data 
FxWirePro: AUD/USD firms after RBA governor Bullock comments 
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level 
FxWirePro: USD/CAD loses upside momentum but outlook is bullish 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro- Major Crypto levels and bias summary 
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum 
Add as a preferred source on Google
The EUR/JPY formed a double bottom near 161.50 and showed a minor pullback due to the weak yen. It hit an intraday high of 162.707 and is currently trading around 162.347. Intraday outlook is bearish as long as the resistance 164 holds.
Technical Analysis:
The EUR/JPY pair is trading below the 34,55 EMA and 200-4H EMA in the 4-hour chart.
- Near-Term Resistance: Around 163 a breakout here could lead to targets at 163.60/164/165/166.65/167.
- Immediate Support: At 161.50– if breached, the pair could fall to 160.95/159.70/158.80/157.76.
Indicator Analysis (4-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest a mixed trend.
Trading Recommendation:
It is good to sell on rallies around 162.75-80 with stop loss at 164 for a TP of 160.
