The EUR/JPY lost more than 500 pips from previous week top 164.17 as demand for safe-haven assets increases. It hits an low of 158.23 yesterday and is currently trading around 160.95. The intraday outlook is bearish as long as the resistance 161.50 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 160.95 a breakout here could lead to targets at 161.50/162/ 162.60/163/163.3/164.20/165/166.65/167.
- Immediate Support: At 160– if breached, the pair could fall to 159.70/159.25/158.85.
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 162 with a stop loss at 163.20 for a TP of 158.50.


FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
FxWirePro:EUR/NZD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223
FxWirePro: USD/JPY holds steady near 162 as traders await fresh catalysts
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
CAD/JPY Surges on Broad-Based Canadian Dollar Buying
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet
JPY Action Bias: CADJPY Turns Extremely Bullish While Other Pairs Hold Positive Ground
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/CAD falls to one-month low, scope for further downside
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target 



