Yen Roars Back: EURJPY Cracks Below 183 – Bears Target 180 on Rallies 
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EURJPY lost its shine on board-based yen buying. As long as it remains below 183, the trend for now is bearish. It is currently around 181.28 after hitting an intraday low of 180.85.
Technical Analysis:
The EUR/JPY pair is trading below 55 EMA, 200, and above 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 182.20,a breakout here could lead to targets at 182.60/183/183.75/184.35/184.92/186/187/188.69.
- Immediate Support: At 180.80, if breached, the pair could fall to 180/178.
Indicator Analysis (4- hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest a bearish trend
Trading Recommendation:
It is good to sell on rallies around 182 with a stop loss at 183 for a TP of 180.
