JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs 
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns 
FxWirePro:GBP/AUD slips as markets assess Burnham's rise to UK premiership 
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty 
FxWirePro:USD/JPY hovers near 40-year, bias bullish 
FxWirePro: AUD/USD better risk puts bulls back in charge 
JPY Action Bias: Bullish Winds Strengthen – NZDJPY Leads the Charge as Top Pair to Watch 
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments 
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support 
FxWirePro: GBP/USD falls as investors assess Britain's political transition 
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure 
FxWirePro: GBP/USD slips as Middle East tensions boost safe-haven dollar 
FxWirePro :USD/JPY drifts above 162 as range trading persists 
NZDJPY Bullish Above 95: Buy Dips Toward 97 as Kiwi Strength Holds Firm 
FxWirePro: USD/CAD retains bid tone,eyes 1.4200 level 
FxWirePro- USD/CHF Holds Above 0.8120 as Bulls Target 0.8200 
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.
