EURJPY consolidating in a narrow range between 157.40 and 158.73 for the past two days. It hit a low of 157.99 at the time of writing and is currently trading around 158.103.
Technicals-
The pair trades below 34- and 55 EMA in the hourly chart.
The near-term resistance is around 158.40 ( 55-H EMA), a breach above targets 158.72/159.35/159.68. Intraday bias remains weak as long as resistance 160 holds—major bullish continuation only above 163.87. The immediate support is at 157.80, any violation below will drag the pair to 157.40/156.60/156.
Indicator (4-hour chart)
CCI (14)- Bullish
CCI (50)- Bearish
Average directional movement Index - Neutral. All indicators confirm a mixed trend.
It is good to sell on rallies around 159 with SL around 160.15 for a TP of 154.51.


FxWirePro: GBP/NZD gains some ground but outlook is bearish
FxWirePro: GBP/AUD bears maintain upper hand
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro: USD/CNY edges higher but bulls lack punch
FxWirePro: GBP/AUD downtrend loses steam but outlook still bearish
FxWirePro: GBP/USD slips as middle east tensions and oil surge pressure pound
AUDJPY Extends Four-Day Rally as Yen Weakness Fuels Fresh Buying Opportunity
FxWirePro: EUR/NZD firms after ECB holds rates steady at 2.25%
FxWirePro- Major Crypto levels and bias summary
FxWirePro:USD/JPY hovers near a four-decade low
FxWirePro- Woodies pivot (Major)
FxWirePro:USD/JPY holds above 163 as intervention fears keep traders on edge
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118
Major Pairs Bias: USDCHF Bullish While GBPUSD Turns Bearish
Crypto Bias Report: Trend Signals and Top Bullish Picks
EUR/USD Slides After ECB Hold, Bearish Technicals Favor Rally Fades 



