FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation 
FxWirePro: GBP/NZD bulls gear up for next leg higher, eyes 2.3500level 
FxWirePro- Major Pair levels and bias summary 
FxWirePro- Major Crypto levels and bias summary 
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro- Major Pair levels and bias summary 
Major Currency Scores: USD/CAD Signals Extremely Bullish Momentum at +90 
FxWirePro: GBP/AUD edges higher but maintains bearish bias 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
FxWirePro: USD/CAD loses upside momentum but outlook is bullish 
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum 
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails 
Add as a preferred source on Google
The EUR/JPY trades weak on policy divergence between BOJ and ECB. It hit a low of 156.31 and is currently trading around 156.71. The intraday outlook is bearish as long as the resistance of 160.25 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 157.50 a breakout here could lead to targets at 158/158.70/160.25/161/161.50/162/163/163.60/164/165/166.65/167.
- Immediate Support: At 156.30– if breached, the pair could fall to 158/157/156.25/155.49/155.
Indicator Analysis (4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: bearish
Overall, the indicators suggest a bearish trend
Trading Recommendation:
It is good to sell on rallies around 157.50 with stop loss at 158.20 for a TP of 155.49/155.
