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EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
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EURJPY pared some of its gains on weak Euro. As long as resistance 182 holds, intraday remains bearish.
Technical Analysis:
The EUR/JPY pair is trading below 55 EMA, 200 and 365-H EMA on the 15-min chart.
- Near-Term Resistance: Around 181 ,a breakout here could lead to targets at 181.55/182/182.62/183/185.
- Immediate Support: At 180.50, if breached, the pair could fall to 180/179.70/ 179.20/178.90/178.40/178/177.25/176/175.20.
Indicator Analysis (15-min chart):
- CCI (50): Bearish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest mixed trend
Trading Recommendation:
It is good to sell on rallies around 181 with stop loss at 182 for a TP of 179.20.
