EURJPY hits multi-month high on weak yen. It hits an intraday high of 172.42 and is currently trading at approximately 172.19. Intraday outlook remains bullish as long as support 170 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 1-hour chart.
- Near-Term Resistance: Around 172.50, a breakout here could lead to targets at 172.96/174.
- Immediate Support: At 171.60 if breached, the pair could fall to 170.80/170/169.60/169/168.70/168.45/168/167.60 166.50/ 165.95/165.55/164.50/164.
Indicator Analysis 4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a bullish trend
Trading Recommendation:
It is good to buy on dips around 171.75-80 with a stop loss at 170.80 for a TP of 175.


FxWirePro: AUD/USD holds steady ahead of key Australian and U.S. data
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Pair Currency Score (AUDUSD Bullish)
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: EUR/ AUD gains slightly but remains on bearish path
FxWirePro: USD/JPY hovers near 160, outlook bullish
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
Gold Tumbles Below $4400 Amidst Hawkish Fed Signals: Sell Rallies for Targets Near $4200
AUD/JPY: Bullish Momentum Continues in JPY Major Pairs
Major Pair Currency Scores: USDCHF Leads as Bullish Contender and major levels to watch
FxWirePro- Woodies Pivot (Major)
Bitcoin Dips Before the Flip: Whales Load Up $3B as $80K Rebound Looms
FxWirePro:EUR/NZD gains some ground but outlook is bearish
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: USD/CNY hovers near 3 -1/2 year low , outlook bearish 



