FxWirePro: NZD/USD gains as U.S.-Iran peace hopes boost risk sentiment 
Major Pairs Action Bias: USDCAD and USDCHF Stand Out as Extremely Bullish While GBPUSD and NZDUSD Turn Extremely Bearish 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CNY dips as yuan firms on improving risk appetite 
FxWirePro- Woodies pivot (Major) 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
FxWirePro: NZD/USD edges lower, remains on back foot 
FxWirePro :USD/JPY eases slightly, remains on bullish path 
Major Pair Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
FxWirePro: AUD/USD gains on Iran-US truce hopes, risk rally 
JPY Action Bias: Bullish Pairs to Watch Out For 
FxWirePro: USD/CAD positions for another climb, eyes 1.4150 level 
FxWirePro : USD/JPY holds relatively bid on 163 ahead Of FOMC,BoJ meetings 
FxWirePro: GBP/AUD under pressure as pound continues to weaken 
AUDJPY Weakness Deepens: Sell Rallies Toward 112 as Aussie Dollar Falters 
FxWirePro: GBP/NZD gains some ground but bias is still bearish 
Chart - Courtesy Trading View
Spot Analysis:
EUR/JPY was trading 0.13% lower on the day at 130.84 at around 04:00 GMT, outlook bullish.
Previous Week's High/ Low: 131.02/ 129.26
Previous Session's High/ Low: 131.02/ 130.16
Fundamental Overview:
As German finance minister pledges tax relief from 2023, hopes of tax relief can favor EUR bulls.
German Finance Minister Christian Lindner unveiled tax relief for at least 30 billion euros ($34.1 billion) to individuals and companies during 2023 in his latest comments, Reuters reports.
On the data front focus remains on the Markit Manufacturing PMIs for December across the euro area for impetus.
Technical Analysis:
- EUR/JPY closed above 200-DMA on Friday's trade
- Price action has also broken out of daily cloud
- GMMA indicator shows minor trend is strongly bullish, while major trend is turning bullish
- Volatility is high and momentum is bullish
Major Support and Resistance Levels:
Support - 130.50 (200-DMA), Resistance - 131.20 (61.8% Fib)
Summary: EUR/JPY closed 2021 with a bullish bias. Break out at 200-DMA and daily cloud has reinforced upside bias. Next immediate bull target lies at 61.8% Fib at 131.20 ahead of 132 mark.
