currency pair ne Tuesday ko subah ke European trade mein rebound dekha, jo ke previous din ke one-week high se thodi si pullback ke baad bargain hunting ki wajah se tha. Is pair ki gains zyada tar Japanese yen ki kamzori ki wajah se thi, jo ke kuch factors ki combination se faida utha rahi thi. Equity markets mein positive sentiment aur Bank of Japan ke Deputy Governor Shinichi Uchida ke dovish remarks ne yen ki demand ko kam kar diya. Uchida ke bayan ke mutabiq, central bank market instability ke dauran interest rates ko nahi barhaye ga aur former BOJ board member Makoto Sakurai ke March 2025 tak rate hike ke prediction ne yen ki girawat mein contribute kiya. Magar, BOJ k e July policy meeting ke minutes se ye pata chala ke kuch members further rate hikes aur policy normalization ke liye inclined hain, jo yen ke downside ko limit kar sakta hai. Middle East ke geopolitical tensions aur ongoing Russia-Ukraine war ne yen ki kamzori ko counter balance kiya, jisse significant losses ko roka gaya. Is backdrop ke saath EUR/JPY ke upside potential ko bhi limit kiya gaya, traders ko zyada pronounced price movement ka intezar karna chahiye pehle position establish karne se. Eurozone ka Q2 GDP data Wednesday ko release hone wala hai aur Japanese Q2 GDP report Thursday ko ayegi, jo pair ko fresh impetus de sakti hai. Geopolitical developments bhi short-term trading opportunities de sakti hain.weakness ka bhi kuch impact zaroor hoga, khas taur pe Germany Haalat ko dekhte hue, mujhe agle hafte mein nearest resistance level ka retest hone ki poori umeed hai. Meri analysis ke mutabiq yeh resistance level 170.53 par waqia hai. Yeh level crucial hai kyun ke yeh current bullish momentum ki strength ko test karega. Agar price is resistance ko break karne mein kamiyab ho jati hai, toh yeh further upward movement aur bullish trend ke continuation ka signal ho sakta hai. Lekin agar price is level ko break karne mein naakam rehti hai aur yahan se reject hoti hai, toh yeh is baat ka indication hoga ke bears ab bhi control mein hain aur ek potential reversal wapas support level ki taraf ho sakta hai. 170.53 resistance level ke qareeb do possible scenarios ho sakte hain: Bullish Breakout: Pehle scenario mein, price resistance level 170.53 ko break kar sakti hai. Agar yeh level successfully break hota hai, toh yeh ziata buyers ko attract karega, jo bullish sentiment ko reinforce karega. Traders breakout ka confirmation dekhenge, jaise ke 170.53 level ka retest as new support. Agar price is level ke upar hold karti hai, toh yeh further rise kar sakti
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