FxWirePro: USD/ZAR edges higher as rand weakens ahead of South Africa inflation data 
EUR/USD Dips Below 1.1500 Amidst Divergent Central Bank Policies and USD Strength 
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens 
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails 
FxWirePro- Major Pair levels and bias summary 
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum 
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes 
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty 
FxWirePro: GBP/AUD edges higher but maintains bearish bias 
FxWirePro: GBP/AUD falls after BoE rate hold 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path 
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices 
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike 
USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340 
FxWirePro- Major Crypto levels and bias summary 
Add as a preferred source on Google
The EUR/JPY trades weak as demand for safe-haven increases. It hits an low of 159.63 yesterday and is currently trading around 159.96. The intraday outlook is bearish as long as the resistance 162.20 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 160.65 a breakout here could lead to targets at 161.30/162.20/ 162.60/163/163.36/164.20/165/166.65/167.
- Immediate Support: At 159.50– if breached, the pair could fall to 160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart):
- CCI (50): Neutral
- Average Directional Movement Index: neutral
Overall, the indicators suggest mixed trend
Trading Recommendation:
It is good to sell on rallies around 161.25-30 with stop loss at 162.20 for a TP of 158.50.
