EURJPY lost its shine on board-based Yen buying. It hits an intraday low of 172.29 and is currently trading at approximately 172.53. Intraday outlook remains bearish as long as the resistance at 173.25 holds.
Technical Analysis:
The EUR/JPY pair is trading below 55 EMA, 200, and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 173.20,a breakout here could lead to targets at 174/1975.10/176/176.80.
- Immediate Support: At 172.40 if breached, the pair could fall to 171.80/170.80/169.70/169/168.70/168.45/168.
Indicator Analysis 1-hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest Bearish trend
Trading Recommendation:
It is good to sell on rallies around 172.68-70 with a stop loss at 173.25 for a TP of 170.


FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY dips below lower range, bearish bias increases
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
FxWirePro: GBP/NZD edges higher but bearish outlook persists
FxWirePro: USD/ZAR outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major European Indices
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
CAD/JPY Rockets on Blowout Canadian Jobs Surprise – Bulls Target 113-115 as BoC Cut Odds Collapse 



