EURJPY lost its shine on board-based Yen buying. It hits an intraday low of 172.29 and is currently trading at approximately 172.53. Intraday outlook remains bearish as long as the resistance at 173.25 holds.
Technical Analysis:
The EUR/JPY pair is trading below 55 EMA, 200, and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 173.20,a breakout here could lead to targets at 174/1975.10/176/176.80.
- Immediate Support: At 172.40 if breached, the pair could fall to 171.80/170.80/169.70/169/168.70/168.45/168.
Indicator Analysis 1-hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest Bearish trend
Trading Recommendation:
It is good to sell on rallies around 172.68-70 with a stop loss at 173.25 for a TP of 170.


FxWirePro: GBP/AUD edges lower after Fed 25Bp hike, focus shifts to Thursday BoE
EURJPY Recovers Over 150 Pips Post-BOJ Hike, Bullish Trend Strengthens
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro: USD/JPY rises as yen weakens following BOJ's 25bp rate hike
Technicals Over Tightening: Ethereum Rebounds from $2,356 Low After Fed Shock
FxWirePro: USD/CNY dips as Yuan firms on PBOC firmer fixing
AUDJPY Soars Past 112 on BOJ Rate Hike, Technicals Signal Bullish Momentum
AUDJPY: Bearish Bias Persists Despite Pullback; Sell on Rallies Near 110.78-80 Resistance
JPY Major Currency Score
FxWirePro: NZD/USD edges lower, remains on back foot
NZDJPY Surges Past 90 Amidst BOJ Rate Hike Uncertainty
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: USD/CAD neutral in the near term, scope for further upside 



