EUR/JPY gained sharply on board-based yen weakness. It hits an high of 164.67 and is currently trading around 164.34. Intraday outlook is bullish as long as the support 163 holds.
Technical Analysis:
The EUR/JPY pair is trading above 34, 55 EMA and above 200-4H EMA on the 4- hour chart.
- Near-Term Resistance: Around 165 a breakout here could lead to targets at 166/166.65/167.
- Immediate Support: At 163.75 if breached, the pair could fall to 162.38/ 161.49/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Bullish
Overall, the indicators suggest bullish trend
Trading Recommendation:
It is good to buy on dips around 163.70 with sa top loss at 163 for a TP of 166.65.


BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
JPY Action Bias: Bullish Winds Strengthen – NZDJPY Leads the Charge as Top Pair to Watch
FxWirePro: USD/CAD advances as loonie dips on softer Inflation and Middle East uncertainty
Major Pair Action Bias: AUDUSD and NZDUSD Bullish While EURUSD Turns Bearish
FxWirePro: EUR/NZD outlook weaker on renewed downside pressure
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs
Major Pairs Action Bias: NZDUSD Turns Extremely Bullish as EURUSD Stays Bearish – AUDUSD Emerges as Key Bullish Pair to Watch
FxWirePro- Major Pair levels and bias summary
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch
CAD/JPY Surges on Broad-Based Canadian Dollar Buying
FxWirePro: USD/CNY dips as yuan firms as investors await policy cues
FxWirePro: USD/CAD falls to one-month low, scope for further downside
FxWirePro: GBP/NZD dips as sterling eases as Burnham steps in
FxWirePro :USD/JPY drifts above 162 as range trading persists
FxWirePro:USD/JPY hovers near 40-year, bias bullish 



