EURJPY gained above 184.50 on board-based Euro buying. It continues to be bullish so long as it's miles above 183. Having attained an intraday high of 184.77, it now hovers about 184.68.
Technical Analysis:
The EUR/JPY pair is above the 55 EMA, 200 EMA, 365-H EMA, and 800 EMA on the 4-hour chart.
- Near-Term Resistance: Around 184.80, a breakout here could lead to targets at 185/186/187.
- Immediate Support: At 183.50, if breached, the pair could fall to 183/182.15/181.60/180.80/180.
Indicator Analysis (4-hour chart): - CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to buy on dips around 183.78-80, rallies around 183, with an SL around 182 for a TP of 185.


Major Pair Currency Score: EURUSD, GBPUSD, NZDUSD, AUDUSD Extremely Bearish; USDCAD Extremely Bullish
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