EUR/JPY pared some of its gains on the strong yen. It hit an intraday low of 163.05 and is currently trading around 163.25. Intraday outlook is bearish as long as the resistance 164.25 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 163.85 a breakout here could lead to targets at 164.30/165/166/166.65/167.
- Immediate Support: At 162.80 if breached, the pair could fall to 162/161.49/160.50/160/ 159.25/158.85/158.25.
Indicator Analysis 4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a bearish trend
Trading Recommendation:
It is good to sell on rallies around 163.28-30 with a stop loss at 164.20 for a TP of 160.


FxWirePro: USD/ZAR firms slightly, but downward resumption looks likely
NZDJPY Bullish Setup: Buy Dips at 94.50 as Uptrend Holds Above All Key EMAs
FxWirePro- Major Crypto levels and bias summary
GBPJPY Pulls Back on Profit Booking but Bullish Setup Holds: Buy Dips Toward 223
FxWirePro:EUR/NZD stuck In narrow ranges, focus on near term support
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
AUDJPY Bullish Momentum Ignites: Buy Dips Toward 115 Target
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
GBPJPY Bullish Surge: Strong Pound Ignites Fresh Upside on Fed-BOE Policy Divergence as All EMAs Align
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path
Major Pair Action Bias: NZDUSD Turns Bullish While Other Majors Stay Neutral
FxWirePro: USD/ZAR advances as South African rand weakens amid renewed Middle East tensions
Gold Loses Steam After Strong U.S. Retail Sales
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/AUD recovers slightly from early decline but bears are not done yet 



