FxWirePro: USD/ZAR surges as rand slumps after SARB rate hold surprise 
FxWirePro: USD/CAD edges lower but bullish outlook persists 
FxWirePro: EUR/ AUD downtrend loses steam, remains on bearish path 
JPY Action Bias: USDJPY, EURJPY, and CADJPY Emerge as Top Extremely Bullish Picks 
FxWirePro: USD/CNY attracts selling interest, vulnerable to more downside 
NZDJPY Bullish Dip-Buy Setup: 93.60 Support Unlocks Path to 97 
AUDJPY Extends Four-Day Rally on Yen Weakness: Bullish Dip-Buy Eyes 117-118 
FxWirePro:USD/JPY hovers near a four-decade low 
Major Pairs Action Bias: USDCHF Emerges Extremely Bullish as EURUSD and GBPUSD Turn Deeply Bearish 
FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption 
FxWirePro: AUD/USD rallies on jobs surge, heads to test key resistance 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: USD/CNY edges higher but bulls lack punch 
FxWirePro: GBP/NZD gains some upside momentum but still bearish 
FxWirePro: AUD/USD uptrend loses steam, remains on bearish path 
FxWirePro- Woodies pivot (Major) 
EURJPY pared most of its gains on board-based Euro weakness. It hit a low of 159.11 and is currently trading around 159.13.
Euro declined sharply after dismal Euro area PMI data.
German flash manufacturing and services PMI in Sep came at 40.30 and 50.6, below the forecast of 42.40 and 51.10.
Technicals-
The pair is trading below 34- and 55 EMA in the 1-hour chart.
The near-term resistance is around 159.50, a breach above targets 160/160.57/161.20. Intraday bias remains weak as long as resistance 160 holds. Major bullish continuation only above 163.87. The immediate support is at 159, any violation below will drag the pair to 158.57/158/157.75/157.25/156.75.
Indicator (1- Hour chart)
CCI (14)- Bearish
CCI (50)- Bearish
Average directional movement Index - bearish. All indicators confirm a bearish trend.
It is good to sell on rallies around 159.17-20 with SL around 160 for a TP of 157.
