EURJPY breaks trend line support after a long consolidation. Intraday trend remains bearish as long as the resistance at 185 holds. It hits an intraday low of 182.89 and is currently around 182.96.
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 185,a breakout here could lead to targets at 186/187/188.69.
- Immediate Support: At 182.80, if breached, the pair could fall to 182/181/180.
Indicator Analysis (4-hour chart):
- CCI (50): Neutral
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a neutral trend
Trading Recommendation:
It is good to buy on dips around 183.38-40 with stop loss at 183 for a TP of 186/187.


FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish
JPY Major Currency Score: NZDJPY and AUDJPY Lead with Extremely Bullish Momentum
FxWirePro: USD/JPY trades flat ahead of Warsh's policy signals
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish
FxWirePro: GBP/AUD extends decline, vulnerable to more downside
ETH/USD Trade Setup: Buy Dips Near $2,300 with Eyes on a $3,000 Breakout Target
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech
Bitcoin Eyes $90K as $3B ETF Inflow Streak Overpowers Hawkish Fed
FxWirePro: GBP/AUD dips below 1.9000 level , vulnerable to more downside
FxWirePro: AUD/USD hits three-month peak,scope for futher upside
FxWirePro: GBP/USD trades in narrow range as markets await Fed guidance
FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption
FxWirePro: NZD/USD edges higher ahead of RBNZ decision
FxWirePro- Major Crypto levels and bias summary
EURUSD Trades Flat Amidst NFP Revision and Jackson Hole Ahead; Technicals Suggest Buying Opportunity 



