EURJPY is consolidating in a narrow range with a neutral bias. As long as it remains above 182, the trend for now is bullish. It is currently around 183.68 after hitting an intraday high of 183.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, above 200, and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 184,a breakout here could lead to targets at 184.35/184.92/186/187/188.69.
- Immediate Support: At 183, if breached, the pair could fall to 182/181.75/180.
Indicator Analysis (1- hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a neutral trend
Trading Recommendation:
It is good to buy on dips around 183 with a stop loss at 182 for a TP of 185.


FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro:EUR/NZD bears maintain upper hand
FxWirePro- Major Crypto levels and bias summary
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure
AUDJPY Surges to One-Month High on Australian Dollar Strength
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 



