EURJPY showed a minor pullback on weak yen. It hits an intraday low of 172.26 and is currently trading at approximately 172.89. Intraday outlook remains bearish as long as the resistance at 173.60 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, below 200 and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 173.25, a breakout here could lead to targets at 173.60/174/1975.10/176/176.80.
- Immediate Support: At 172.25, if breached, the pair could fall to 171.80/170.80/169.70/169/168.70/168.45/168.
Indicator Analysis (1-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to sell on rallies around 173 with a stop loss at 173.60 for a TP of 170.


CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
FxWirePro: GBP/NZD edges higher but bearish outlook persists
Yen Storm Hits EURJPY: Crashes Below 181 – Sell the Bounce Intraday! Target 179.50 with Tight Stop Above 181.45
FxWirePro- Woodies Pivot(Major)
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro- Major US Indices
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Crypto levels and bias summary
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro- Major European Indices
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/JPY dips below lower range, bearish bias increases 



