EURJPY recovered above the 178 level after a minor sell-off. Intraday remains bullish as long as support 177.20 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 179,a breakout here could lead to targets at 180/183.
- Immediate Support: At 177.80, if breached, the pair could fall to 177.20/176.60/175.70/175.20/174.60/174/173.
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 177.78-80 with a stop loss at 177 for a TP of 183.


FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
FxWirePro- Major European Indices
FxWirePro: AUD/USD firms as Australian household spending records sharp jump
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
FxWirePro- Major Pair levels and bias summary
FxWirePro: EUR/AUD poised for further downside after key fibo break
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro- Major US Indices
GBPJPY Eyes 208: Pound Pulls Back, Bulls Guard 206
FxWirePro: USD/ CNY gains some upside momentum but still bearish
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
NZDJPY Eyes Breakout: Buy the Dip as Bulls Guard 88.70
FxWirePro: USD/CAD downside pressure builds, key support level in focus
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro- Woodies Pivot(Major) 



