EURJPY formed a double top near 182.65 and edged down marginally after the profit booking. The rally can be sustained during the day if the 181.30 support level is not breached. The pair posted an intraday low of 182.28 and is currently hovering around 182.393.
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 181.30-35 with a stop loss at 180 for a TP of 183.


FxWirePro: NZD/USD gains as hawkish RBNZ comments boost Kiwi dollar
Aussie Yen Breaks 114 Barrier: Bulls Lock Horns With Resistance, Eyes on 115 Summit
FxWirePro: USD/ZAR sell bias remains below key resistance zone
FxWirePro: USD/JPY edges higher but bulls lack punch
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slips as Canadian dollar firms on hopes for US-Iran ceasefire deal
FxWirePro: GBP/USD recovers some ground but bears are not done yet
Bitcoin Bleeds $704M in ETF Outflows as Institutional Exodus Accelerates
EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout
FxWirePro: GBP/AUD downside pressure builds, key support level in focus
Ethereum Tumbles Below $2K: Bears Eye $1,700 as All Key EMAs Flip Red
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD bulls continue to hold the higher ground
FxWirePro: GBP/NZD extends decline , vulnerable to more downside
FxWirePro: EUR/AUD downward momentum remains in place 



