EUR/JPY showed a minor pullback as yen weakened. It hit an high of 163.66 and is currently trading around 163.46. Intraday outlook is bullish as long as the support 161.50 holds.
Technical Analysis:
The EUR/JPY pair is trading above 34, below 55 EMA and above 200-4H EMA on the 4- hour chart.
- Near-Term Resistance: Around 164 a breakout here could lead to targets at 164.60/ 165/166.65/167.
- Immediate Support: At 163 if breached, the pair could fall to 162.38/ 161.49/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Bullish
Overall, the indicators suggest bullish trend
Trading Recommendation:
It is good to buy on dips around 163 with a stop loss at 162 for a TP of 165/166.65.


USD/CHF Blasts Past 0.8250: Technicals Signal Next Stop at 0.8340
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD edges higher but maintains bearish bias
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD neutral in the near term, scope for further upside
BoE Pause Pulls Back Sterling: GBP/JPY Dips to 207.92 Despite Hawkish Undercurrents
JPY Major Currency Score
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
FxWirePro: EUR/AUD downtrend loses momentum, bearish bias prevails
FxWirePro: USD/CAD loses upside momentum but outlook is bullish
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/USD gains some traction after UK retail sales beat expectation
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: USD/ZAR slips as rand benefits from steady commodity prices
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: NZD/USD edges lower, remains on back foot 



