The EUR/JPY trades in a narrow range after a pullback of more than 500 pips. It hit a high of 160.66 yesterday and is currently trading around 159.42. The intraday outlook is bearish as long as the resistance 161.60 holds.
Technical Analysis:
The EUR/JPY pair is trading above the 34,55 EMA and 200-4H EMA in the 8-hour chart.
- Near-Term Resistance: Around 160.75 a breakout here could lead to targets at 161.50/162/163/163.60/164/165/166.65/167
- Immediate Support: At 158.50– if breached, the pair could fall to 156.80/156/155.49/155/154.40.
Indicator Analysis 4-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to sell on rallies around 159.75-80 with stop loss at 160.70 for a TP of 158 .


FxWirePro- Major Crypto levels and bias summary
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: EUR/ NZD consolidating around 2.0180 room for further gains
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
FxWirePro: EUR/AUD eases slightly but trend is still bullish
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
FxWirePro:NZD/USD remains vulnerable as Trump's latest deadline leaves investors on edge
Kiwi Under Pressure: NZDJPY Signals Bearish Turn as Resistance at 92.00 Holds Firm
FxWirePro: AUD/USD recovers slightly from early decline but bears are not done yet
Ethereum Joins the Rally: ETH Reclaims USD 2,100 Following Bitcoin's Lead
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm 



