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EURJPY Bulls Reload: 55-EMA Holds Firm – Ready to Charge Toward 183?

EURJPY supported around the 55- 4H EMA and had a little retreat. As long as support 179.50 holds, intraday remains bullish.

Technical Analysis:

The EUR/JPY pair is trading above 55 EMA,  200, and  365-H EMA  on the 1-hour  chart.

  • Near-Term Resistance: Around 181.20, a breakout here could lead to targets at 182/182.62/183/185.
     
  • Immediate Support: At 179.50, if breached, the pair could fall to 179.20/178.90/178.40/178/177.25/176/175.20.

    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 180.28-30 with a stop loss at 179.50 for a TP of 183.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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