EURJPY halted its previous week's bearish trend and showed a minor pullback. It hit a low of 157.46 yesterday and is currently trading around 158.27.
Technicals-
The pair trades below 34- and 55 EMA in the 8-hour chart.
The near-term resistance is around 158.70 (23.6% fib retracement of 162.89 and 157.46), a breach above targets 159.35/160. Intraday bias remains weak as long as 160 holds—major bullish continuation only above 163.87. The immediate support is at 157.40, any violation below will drag the pair to 156.50/154.40.
Indicator (8-hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish. All indicators confirm a bearish trend.
It is good to sell on rallies around 159 with SL around 160.15 for TP of 154.51.


FxWirePro: USD/CNY falls to three-year high, scope for further downside
FxWirePro: USD/ZAR continues to recovers , upside pressure builds
FxWirePro- Major European Indices
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: USD/ JPY slips as yen rallies after Mideast ceasefire declaration
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential
FxWirePro: GBP/NZD reverses course, bias back to downside
FxWirePro: GBP/AUD takes back some lost ground
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge
NZD/JPY Rockets as Kiwi Dollar Resilience Defies the Oil Shock
FxWirePro: GBP/USD stuck in range but maintains bearish bias
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
FxWirePro- Woodies Pivot(Major)
Bitcoin Breaks the $70,000 Barrier: Bulls Target the $80,000 Horizon as Geopolitical Relief Ignites Crypto Markets
FxWirePro: EUR/NZD remains under pressure as key support gives way 



