EURJPY retested its resistance, which turned into support at 183.20, and surged sharply as the yen lost momentum. It is still bullish as long as it is over 183.20 pairs. It now hovers around 184.63 after hitting an intraday peak of 184.68.
Technical Analysis:
The EUR/JPY pair is above 55 EMA, 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 184.70, a breakout here could lead to targets at 185/186/187/188.69.
- Immediate Support: At 184.20, if breached, the pair could fall to 183.60/183.20/182.80/182.48/181.80/180.80/180.
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 184.18-20 with a SL around 183.20 for a TP of 186.85.


FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
AUDJPY Surges to One-Month High on Australian Dollar Strength
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD slips lower as dollar firms after Warsh comments
FxWirePro- Major Pair levels and bias summary
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
FxWirePro- Woodies Pivot (Major)
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: GBP/NZD uptrend loses steam, remains on bearish path
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed 



