FxWirePro: EUR/NZD neutral in the near term, scope for downward resumption 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD extends decline, vulnerable to more downside 
FxWirePro: GBP/NZD trades flat as markets await warsh’s jackson hole speech 
NZDJPY Faces Downward Pressure as 95.40 Resistance Holds Firm 
FxWirePro: USD/CNY dips as dollar weakens on US-Iran escalation 
FxWirePro: USD/CNY hovers around 3-1/2 years low, Outlook bearish 
FxWirePro: AUD/USD hits three-month peak,scope for futher upside 
FxWirePro:EUR/NZD bears maintain upper hand 
Major Pair Currency Score: AUDUSD Extremely Bullish, NZDUSD Bullish 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: NZD/USD edges higher ahead of RBNZ decision 
FxWirePro: NZD/USD edges higher ahead of Jackson hole warsh speech 
AUDJPY Surges to One-Month High on Australian Dollar Strength 
FxWirePro: USD/CAD rises above 1.3900 level after Warsh's Jackson hole speech 
FxWirePro: EUR/AUD outlook weaker on renewed downside pressure 
Add as a preferred source on Google
EURJPY formed a double top near 182.65 and edged down marginally after the profit booking. The rally can be sustained during the day if the 181.30 support level is not breached. The pair posted an intraday low of 182.28 and is currently hovering around 182.393.
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 182.65, a breakout here could lead to targets at 183/185.
- Immediate Support: At 181.65, if breached, the pair could fall to 181.30/180.87/180/179.70/ 179.20/178.90/178.40/178.
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 181.30-35 with a stop loss at 180 for a TP of 183.
