Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout

EURJPY  holds above 183 on board-based Euro buying. Intraday trend is positive as long as support 181.30 holds. The pair posted an intraday high of 182.94 and is now hovering at roughly 182.865.

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 183.20, a breakout here could lead to targets at 183/185.
     
  • Immediate Support: At 182.50, if breached, the pair could fall to 181.85/181.30/180.87/180/179.70/ 179.20/178.90/178.40/178.

    Indicator Analysis  (4-hour chart):
     
  • CCI (50): Bullish

     
  • Average Directional Movement Index: Neutral
  •  

Overall, the indicators suggest a bullish trend

Trading Recommendation:

It is good to buy on dips around 182.50 with a stop loss at 181.85 for a TP of 184.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.