EURJPY pared most of its gains as the yen gained momentum. Intraday trend is bearish as long as the resistance at 183.15 holds. The pair posted an intraday low of 181.83 and is now hovering at roughly 182.11.
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 182.50, a breakout here could lead to targets at 183/185.
- Immediate Support: At 181.80, 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: Neutral
Overall, the indicators suggest a bullish trend
Trading Recommendation:
It is good to sell on rallies around 182.58-60 with a stop loss at 183.15 for a TP of 180.


FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop
CAD/JPY Dips on Soft Canadian CPI: Buy the Dip to 115?
FxWirePro: USD/CAD pauses decline,critical support lies ahead
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/USD dips on UK GDP data miss
FxWirePro- Woodies Pivot(Major)
NZD/JPY: Bearish Momentum Builds — Sell the Rallies Below 90.90 for a Slide Toward 88.00
FxWirePro- Major European Indices
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro: AUD/USD dips on soft China data
FxWirePro- Major European Indices
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



