EURJPY took support near 365 H EMA and showed a minor pullback on the strong euro. It hit an intraday high of 176.46 and is currently trading at approximately 176.20. Intraday outlook remains bullish as long as support 175 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, below 200 and 365-H EMA on the 1-hour chart.
- Near-Term Resistance: Around 176.50, a breakout here could lead to targets at 177/178.
- Immediate Support: At 175.85 if breached, the pair could fall to 175/174.50/173.
Indicator Analysis (1-hour chart):
- CCI (50): Bullish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to buy on dips around 175.78-80 with a stop loss at 175 for a TP of 178.


FxWirePro: GBP/USD dips on UK GDP data miss
Euro Refuses to Die: EUR/JPY Holds 182.50, Eyes 184 Breakout
UK GDP Flops Again: GBPJPY Drops to 207.22 But Bulls Hold the Line – Buy the Dip to 210?
FxWirePro: GBP/AUD gives up early gains after UK GDP shock
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major European Indices
Yen Strikes Back: AUD/JPY Retreats as BOJ Policy Looms – Sell on Rallies to 100
FxWirePro- Woodies Pivot(Major)
FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk
FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro: NZD/USD consolidates around 0 .5810,room for further gains
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop
Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K 



