EURJPY gained above 174 on a strong Euro. It hits an intraday high of 174.255 and is currently trading at approximately 174.23. Intraday outlook remains bullish as long as support 173 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 174.50, a breakout here could lead to targets at 175/176.
- Immediate Support: At 173.45, if breached, the pair could fall to 173/172.50-/171.80/170.80/169.70/169/168.70/168.45/168.
Indicator Analysis 4-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to buy on dips around 173.95-74 with a stop loss at 173.40 for a TP of 176.
Z


FxWirePro- Major US Indices
Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD sustains gains as uptrend remains strong
FxWirePro: USD/CAD outlook weaker on renewed downside pressure
EURGBP Buckles Under Sterling Surge – Bears Eye 0.8600 as 0.8800 Ceiling Holds Firm
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
Dollar Crumbles on Dovish Fed Bets – USD/CHF Eyes 0.7865 Next
FxWirePro: USD/JPY dips below lower range, bearish bias increases
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
AUDJPY Rangebound: Bulls Hold 102, Watch for Breakout Above 102.85
FxWirePro- Major European Indices
FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed
EURJPY Carves Triple Bottom at 180.20 – Bulls Ready to Storm 182-183 as Breakout Momentum Builds
FxWirePro- Major European Indices 



