EURJPY lost its shine on board-based yen buying. As long as it remains below 183, the trend for now is bearish. It is currently around 181.28 after hitting an intraday low of 180.85.
Technical Analysis:
The EUR/JPY pair is trading below 55 EMA, 200, and above 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 182.20,a breakout here could lead to targets at 182.60/183/183.75/184.35/184.92/186/187/188.69.
- Immediate Support: At 180.80, if breached, the pair could fall to 180/178.
Indicator Analysis (4- hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest a bearish trend
Trading Recommendation:
It is good to sell on rallies around 182 with a stop loss at 183 for a TP of 180.


FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
FxWirePro: AUD/USD edges lower, but bullish outlook persists
FxWirePro: GBP/USD hits one-month high, scope for further upside
GBPJPY Bullish on Consolidation: Holds Above 216 After 218 Top – Buy Dips at 217 Targeting 220
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
FxWirePro: AUD/USD remains buoyant, looks to extend gains
FxWirePro: USD/CAD falls after BoC rate hold and weak U.S. producer inflation
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD gains some upside momentum but still bearish
FxWirePro- Major Pair levels and bias summary
FxWirePro- Woodies pivot (Major)
NZDJPY Extremely Bullish Above 94: Broad NZD Buying Fuels Fresh Upside – Buy Dips at 93.70 Targeting 95
FxWirePro:EUR/NZD extends fall, key support lies ahead
FxWirePro: EUR/AUD bears maintain upper hand 



