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FxWirePro- Major European Indices 
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AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: USD/JPY dips below lower range, bearish bias increases 
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EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds 
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GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206 
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FxWirePro- Major US Indices 
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70 
EURJPY surged sharply on a weak yen. It hits an intraday high of 171.98 and is currently trading at approximately 171.89. Intraday outlook remains bullish as long as support at 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 172.25, a breakout here could lead to targets at 172.58/172.96.
- Immediate Support: At 170.80 if breached, the pair could fall to 170/169.60/169/168.70/168.45/168/167.60 166.50/ 165.95/165.55/164.50/164.
Indicator Analysis 1-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Bullish
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.
