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: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
Yen Power Play: AUDJPY Crumbles Below 103.70 Resistance
FxWirePro: NZD/USD downside pressure builds, key support level in focus
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
AUDJPY: Bearish Setup Intact — Sell Rallies Near 103.30 Targeting 100
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro- Major European Indices
FxWirePro: GBP/NZD remains bullish as rally continues
NZDJPY: Bearish Bias Persists — Sell Rallies Near 90 Targeting 88
USD Loses Shine: Soft Labor Market and Stalling Consumer Spending Drag USDCHF Lower
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major Crypto levels and bias summary 



