EUR/JPY trades flat ahead of German CPI data. It hits an intraday high of 162.48 and is currently trading around 162.38. Intraday outlook is bullish as long as the support 160.95 holds.
Technical Analysis:
The EUR/JPY pair is trading below 34, below 55 EMA and above 200-4H EMA on the 4- hour chart.
- Near-Term Resistance: Around 163.20 a breakout here could lead to targets at 163.75/164.20/165/166.65/167.
- Immediate Support: At 161.70 if breached, the pair could fall to 161.49/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Neutral
- Average Directional Movement Index: Neutral
Overall, the indicators suggest Mixed trend
Trading Recommendation:
It is good to sell on rallies around 163.20 with stop loss at 164.20 for a TP of 160.


FxWirePro-Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/ZAR bears maintain upper hand
FxWirePro: GBP/AUD dive post-CPI short-lived as traders prepare for BoE decision
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
FxWirePro- Major Pair levels and bias summary
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
FxWirePro: USD/CAD recovers slightly but trend is still bearish
FxWirePro:GBP/NZD recovers ground after early dip, bias bullish
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level 



