EURJPY breaks significant resistance at 182 after a long consolidation. Intraday is bullish as long as support 181.30 holds. With an intraday high of 182.14, it now trades at about 181.94.
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 182.20, a breakout here could lead to targets at 182.62/183/185.
- 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: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY dips as Yen firms on BOJ rate-hike bets
FxWirePro- Woodies Pivot (Major)
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
AUD/JPY Faces Downside Pressure Amidst Australian Dollar Weakness
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside 



