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EURJPY Surges Post-BOJ Hike: Bullish Momentum Builds – Buy Dips Targeting 185 
- USD broadly offered as market drifts on position adjustment ahead of FOMC supporting EUR/USD higher
- The dollar firmed in Asian trade on Wednesday, buoyed by a rise in U.S. yields after upbeat consumer spending data kept alive hopes of Fed hike
- EUR/USD opened trading at 1.2630, and moved sharply higher to hit session highs at 1.1298 and is currently trading at 1.1289
- Immediate resistance is located at 1.1294 (4H Tenkan-Sen) ahead of 1.13, above which gains could be extended to 1.1375 (Sept 14 High)
- On the flip side, support is seen at 1.1272 (4H Kijun-Sen), ten at 1.1263 (Today's Low) below which it could extend losses to 1.1204 (Sept 1 Low) levels
- Markets focus on Euro zone final CPI figures ahead of the US inflation numbers for further direction
Resistance Levels:
R1: 1.1294 (4H Tenkan-Sen)
R2: 1.13 (Psychological level)
R3: 1.1306 (4h 20MA)
Support Levels:
S1: 1.1272 (4H Kijun-Sen)
S2: 1.1263 (Today's Low)
S3: 1.1257 (4h 55EMA)
