Harmonic pattern- Bearish BAT pattern
Potential Reversal Zone (PRZ)- 162.50
EURJPY pared most of its gains on the weak Euro. It hit a low of 1161.37 at the time of writing and is currently trading around 161.60.
Intraday bias remains bearish as long as resistance 162.50 holds. The recovery from 155.15 was completed at 163.49 and major bullishness was only above 163.89.
Technicals-
The pair trades below 34- and 55 EMA in the hourly chart.
The near-term resistance is around 162, a breach above targets 162.50/162.89/163.49. The immediate support is at 161.20 (resistance turned into support) any violation below will drag the pair to 160.65/160/159/158.35.
Indicator (Hourly chart)
CCI (50)- Bullish
CCI(14)- Bearish
Average directional movement Index - Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 162 with SL around 162.75 for a TP of 160.05.


FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path
GBPJPY Weakens on Soft UK CPI: Sell Below 217.80 Targeting 216.40
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
Major Pair Action Bias: USDCHF Turns Bullish as EURUSD Stays Bearish – Key Pairs to Watch
FxWirePro: USD/CAD retreats slightly but trend is still bullish
FxWirePro: GBP/AUD dips amid heightened Geopolitical concerns
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: AUD/USD bulls struggles as upside momentum fades
FxWirePro: EUR/ AUD dips below 1.6300 level, focus on near term support
FxWirePro- Woodies pivot (Major)
ETHUSD Breaks Above $1900 as Bulls Eye $2300 and Beyond
NZDJPY Pulls Back on Kiwi Weakness: Buy Dips at 94.40 Targeting 97
FxWirePro- Major Crypto levels and bias summary 



