Following the Federal Reserve's rate cut, the Euro picked up speed, and EURJPY held over 182.50. Intraday trend is positive as long as support 181.30 holds. The pair posted an intraday high of 182.45 and is now hovering at roughly 182.52.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 182.65, a breakout here could lead to targets at 183/185.
- Immediate Support: At 181.65, if breached, the pair could fall to 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: Bullish
Overall, the indicators suggest a bullish trend
Trading Recommendation:
It is good to buy on dips around 182 with stop loss at 181.30 for a TP of 183.45/184.


FxWirePro: USD/CNY dips as Yuan firms on PBOC firmer fixing
FxWirePro: GBP/USD falls after BoE holds rates and warns of further hikes
FxWirePro: GBP/AUD falls after BoE rate hold
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies Pivot (Major)
FxWirePro: GBP/NZD uptrend loses steam, remains on bullish path
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD dips after Fed rate decision
FxWirePro: AUD/USD gains some ground but outlook is bearish
NZDJPY: Bearish Trend Favors Sellers on Rallies Near 90.18-20 Resistance
FxWirePro: GBP/AUD edges lower after Fed 25Bp hike, focus shifts to Thursday BoE
FxWirePro: USD/CAD neutral in the near term, scope for further upside
FxWirePro: GBP/USD falls to six-week ,vulnerable to more downside
AUDJPY: Bearish Bias Persists Despite Pullback; Sell on Rallies Near 110.78-80 Resistance
FxWirePro- Woodies Pivot (Major)
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/NZD edges lower, but outlook remain bullish 



