EURJPY pared some of its gains on a strong yen. It hits an intraday high of 172.85 and is currently trading at approximately 172.46. Intraday outlook remains bullish as long as support 169.80 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 15-min chart.
- Near-Term Resistance: Around 172.85, a breakout here could lead to targets at 174/175.
- Immediate Support: At 172, if breached, the pair could fall to 171.60/170.80/170.50/169.70/169/168.70/168.45/168.
Indicator Analysis 4-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to buy on dips around 172 with a stop loss at 171.25 for a TP of 174.
Z


FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/CAD remains buoyant, looks to extend gains
FxWirePro:NZD/USD edges lower, bearish outlook persists
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
FxWirePro:NZD/USD treads water as Iran uncertainty keeps traders on edge
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/NZD continues to recovers , upside pressure builds
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar 



