EURJPY pared most of its gains on board-based Japanese yen buying. It hit a low of 160.11 yesterday and is currently trading around 160.35.
Technicals-
The pair trades below 34- and above 55 EMA in the hourly chart.
The near-term resistance is around 160.90, a breach above targets 161.50/162/162.89/163.85. Major bullish continuation only above 163.87.The immediate support is at 159.80, any violation below will drag the pair to 158.95/158.
Indicator (hourly chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish. All indicators confirm the bearish trend.
It is good to sell on rallies around 160.48-50 with SL around 161.15 for a TP of 158.


Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: GBP/NZD slide extends ,eyes 2.2600 level
FxWirePro- Major Pair levels and bias summary
Pound-Yen Roars Back Above 214: Bulls Reload for 216–217 Charge on Dip-Buying Setup
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
FxWirePro: USD/ZAR slips as SARB delivers surprise rate hike
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CNY bears maintain upper hand
FxWirePro- Woodies pivot (Major)
FxWirePro: USD/JPY edges higher but bulls lack punch 



