FxWirePro- Major European Indices 
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EURJPY Holiday Lull: Tight Range Above 183 Keeps Bullish Bias Alive – Buy Dips Targeting 186-187 
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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.
