EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
FxWirePro- Major European Indices 
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FxWirePro- Woodies Pivot(Major) 
CADJPY Pulls Back on Weak Canadian Retail Data: Dips to 113 Prime Buying Opportunity Targeting 116 
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FxWirePro- Major Pair levels and bias summary 
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GBPJPY Rockets Post-BOJ Hike: Bullish Surge to 210 in Sight – Buy Dips Targeting 212 
FxWirePro: GBP/USD dips lower on negative UK retail sales data 
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FxWirePro:EUR/AUD eases but bullish outlook persists 
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Ichimoku analysis (4-hour chart)
Tenken-Sen- 1.05826
Kijun-Sen- 1.05795
EURUSD declined more than 100 pips after positive US inflation data. It hit a low of 1.05256 and is currently trading around 1.05554.
The US CPI rose 0.40% m/m in Sep 2023 above the estimate of 0.30% and 3.7% a year ago. Core CPI rose 0.30% m/m in Aug and 4.1% YoY. The number of people who have filed for unemployment benefits remains unchanged at 209000 during the week ending on Oct 7th, 2023.
Major economic data for the day
Oct 11th, 2023, prelim UoM Consumer sentiment (2:00 pm GMT)
According to the CME Fed watch tool, the probability of a no-rate hike in Nov increased to 90.30% from 79.90% a week ago.
The US 10-year yield showed a minor pullback after positive US CPI data. The US 10 and 2-year spread narrowed to -37.9% from -75%.
The pair trades below short-term 21 EMA, 55 EMA, and below long-term (200-EMA) in the 4-hour chart. Any break above 1.0660 confirms further bullishness. A jump to 1.0700/1.07368 is possible. The near-term support is around 1.0520, and any breach below targets 1.04800/1.0440. Bullish invalidation only if it breaks below 1.0440.
Indicator (4-hour chart)
CCI – Neutral
Directional movement index – Neutral
It is good to buy on dips around 1.04800 with SL around 1.04400 for a TP of 1.0700.
