## EUR/JPY Technical aur Fundamental Analysis: Bullish Momentum aur Economic Developments EUR/JPY currency pair abhi 163.55 ke qareeb trade kar raha hai, Friday ke early European session mein, jabke ye apne chaar din ki winning streak ke baad thora soft tone mein aa gaya hai. Recent price action Eurozone aur Japan dono mein economic developments ke mix se influence hui hai, lekin pair apna overall uptrend maintain kar raha hai, jo ke key technical indicators se support ho raha hai
#### **Fundamental Overview: Economic Indicators aur Market Sentiment
Eurozone mein is hafte jo economic data release hui, usne mixed picture pesh ki. Preliminary Gross Domestic Product (GDP) figures for second quarter ne 0.3% quarter-on-quarter growth dikhayi, jo ke expectations aur previous quarter ke sath consistent hai. Year-on-year, economy ne 0.6% expansion dikhayi, jo ke market expectations ko meet karta hai. Magar, Eurozone ko investor confidence mein sharp decline aur industrial activity mein unexpected drops se headwinds ka samna hai. Ye factors ECB (European Central Bank) ke October mein potential rate cuts ke bare mein speculation ko fuel kar rahe hain, jo Euro ki strength ko aage chal ke impact kar sakta hai
Dousri taraf, Japan mein, Japanese Yen (JPY) ko second quarter mein stronger-than-expected GDP growth se support mila, jahan economy ne 0.8% quarter-on-quarter expansion dikhayi. Ye strong performance BoJ (Bank of Japan) ke near-term interest rate hike ki likelihood ko barhata hai, jo Yen par upward pressure dal raha hai
#### **Technical Analysis: EUR/JPY Uptrend Continues
Soft trading session ke bawajood, EUR/JPY ab bhi 4-hour chart par bullish trend dikhata hai, aur key 100-period Exponential Moving Average (EMA) ke upar hold kar raha hai. Relative Strength Index (RSI) 68.50 ke qareeb hai, jo strong upward momentum ko indicate karta hai, lekin ye bhi suggest karta hai ke pair overbought territory ke qareeb ho sakta hai
- **Resistance Levels:** EUR/JPY ke liye immediate resistance 164.00 ke psychological level par hai. Agar ye barrier sustain ho ke break hota hai, to mazeed gains ke liye rasta saaf ho sakta hai, jahan next target 164.89, jo 25 July ka low hai. Agar pair apna bullish momentum maintain karta hai, to 166.56, jo 31 July ka high hai, woh agla major resistance ho sakta hai
- **Support Levels:** Downside par, 163.10-163.00 ka zone initial support provide karta hai. Agar ye level hold nahi karta, to additional support 161.95, jo 15 August ka low hai, ke qareeb milega, iske baad 160.59, jo 14 August ka low hai
*Outlook: Aage Kya Dekhna Hai
EUR/JPY ka outlook upcoming economic data aur central bank decisions par depend karega. Traders ko Eurozone ke economic releases aur ECB officials ke comments, khas taur par potential rate cuts ke hawale se, closely monitor karna chahiye. Japan side par, agar BoJ tightening monetary policy ke hawale se koi signal deta hai, to ye Yen ko strengthen kar sakta hai, jo pair ke further gains ko cap kar sakta hai
Summary mein, jabke EUR/JPY resilience dikhata raha hai aur apna uptrend continue karta hai, pair ke liye 164.00 level par crucial resistance hai. Traders ko potential corrections se hoshiyar rehna chahiye, khas taur par agar economic data market sentiment ko shift karta hai. Filhal, technical indicators suggest karte hain ke bullish momentum continue kar sakta hai, lekin fundamental changes ke hawale se alert rehna key hoga pair ki future movements ko navigate karne ke liye
#### **Fundamental Overview: Economic Indicators aur Market Sentiment
Eurozone mein is hafte jo economic data release hui, usne mixed picture pesh ki. Preliminary Gross Domestic Product (GDP) figures for second quarter ne 0.3% quarter-on-quarter growth dikhayi, jo ke expectations aur previous quarter ke sath consistent hai. Year-on-year, economy ne 0.6% expansion dikhayi, jo ke market expectations ko meet karta hai. Magar, Eurozone ko investor confidence mein sharp decline aur industrial activity mein unexpected drops se headwinds ka samna hai. Ye factors ECB (European Central Bank) ke October mein potential rate cuts ke bare mein speculation ko fuel kar rahe hain, jo Euro ki strength ko aage chal ke impact kar sakta hai
Dousri taraf, Japan mein, Japanese Yen (JPY) ko second quarter mein stronger-than-expected GDP growth se support mila, jahan economy ne 0.8% quarter-on-quarter expansion dikhayi. Ye strong performance BoJ (Bank of Japan) ke near-term interest rate hike ki likelihood ko barhata hai, jo Yen par upward pressure dal raha hai
#### **Technical Analysis: EUR/JPY Uptrend Continues
Soft trading session ke bawajood, EUR/JPY ab bhi 4-hour chart par bullish trend dikhata hai, aur key 100-period Exponential Moving Average (EMA) ke upar hold kar raha hai. Relative Strength Index (RSI) 68.50 ke qareeb hai, jo strong upward momentum ko indicate karta hai, lekin ye bhi suggest karta hai ke pair overbought territory ke qareeb ho sakta hai
- **Resistance Levels:** EUR/JPY ke liye immediate resistance 164.00 ke psychological level par hai. Agar ye barrier sustain ho ke break hota hai, to mazeed gains ke liye rasta saaf ho sakta hai, jahan next target 164.89, jo 25 July ka low hai. Agar pair apna bullish momentum maintain karta hai, to 166.56, jo 31 July ka high hai, woh agla major resistance ho sakta hai
- **Support Levels:** Downside par, 163.10-163.00 ka zone initial support provide karta hai. Agar ye level hold nahi karta, to additional support 161.95, jo 15 August ka low hai, ke qareeb milega, iske baad 160.59, jo 14 August ka low hai
*Outlook: Aage Kya Dekhna Hai
EUR/JPY ka outlook upcoming economic data aur central bank decisions par depend karega. Traders ko Eurozone ke economic releases aur ECB officials ke comments, khas taur par potential rate cuts ke hawale se, closely monitor karna chahiye. Japan side par, agar BoJ tightening monetary policy ke hawale se koi signal deta hai, to ye Yen ko strengthen kar sakta hai, jo pair ke further gains ko cap kar sakta hai
Summary mein, jabke EUR/JPY resilience dikhata raha hai aur apna uptrend continue karta hai, pair ke liye 164.00 level par crucial resistance hai. Traders ko potential corrections se hoshiyar rehna chahiye, khas taur par agar economic data market sentiment ko shift karta hai. Filhal, technical indicators suggest karte hain ke bullish momentum continue kar sakta hai, lekin fundamental changes ke hawale se alert rehna key hoga pair ki future movements ko navigate karne ke liye
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