EURJPY took support near 55- 4H EMA and showed a minor pullback. It hits an intraday high of 169.87 and is currently trading at approximately 169.63. Intraday outlook remains bullish as long as support 168.70 holds. Short-term outlook remains bullish as long as support 167.60 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 170, a breakout here could lead to targets at 171/172/173.
- Immediate Support: At 169 if breached, the pair could fall to 168.70/168.45/168/167.60 166.50/ 165.95/165.55/164.50/164.
Indicator Analysis 4-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest mixed trend
Trading Recommendation:
It is good to buy above 170 with a stop loss at 168.70 for a TP of 173/175.


FxWirePro: USD/CAD positions for another climb, eyes 1.3900 level
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: GBP/AUD edges lower, downside risk remains
FxWirePro: USD/JPY edges up, looks to extend gains
FxWirePro: EUR/AUD neutral in the near-term, scope for downward resumption
FxWirePro: GBP/NZD runs out of steam but maintains bullish outlook
FxWirePro: EUR/AUD consolidating around 1.6650, room for further gains
FxWirePro: AUD/USD edges higher but bearish outlook persists
FxWirePro: USD/CNY edges up as yuan weakens on firmer dollar
FxWirePro: GBP/AUD idles around 1.9230 as market awaits fresh catalysts
Sterling’s Steady Ascent: GBPJPY Tests the 213.31 Resistance Amid a Two-Week Consolidation
NZDJPY in Consolidation: Navigating the 92.00 Range as Bearish Clouds Gather
AUDJPY Stalls in Neutral Ground: Bearish Shadows Loom Over the 111.00 Mark
FxWirePro: GBP/USD drifts lower , could be on verge of bigger drop 



