EURJPY showed a minor pullback after forming a minor bottom around 181.56. Intraday trend is bearish as long as the resistance at 183 holds. The pair posted an intraday high of 182.25 and is now hovering at roughly 182.187.
Germany's Ifo Business Climate Index took a surprise dip to 87.6 in December 2025, which is below the expected 88.2. It also dropped from November's revised 88.0. This suggests businesses are feeling less optimistic, hinting at slower growth for Europe's biggest economy in the near future.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and below 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 182.35, a breakout here could lead to targets at 182.54/183/185.
- Immediate Support: At 182, if breached, the pair could fall to 181.5/181.30/180.87/180/179.70/ 179.20/178.90/178.40/178.
Indicator Analysis (4-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a neutral trend
Trading Recommendation:
It is good to sell on rallies around 182.38-40 with a stop loss at 183 for a TP of 180.
