FxWirePro- Major European Indices 
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Sterling Crushed by Double-Contraction GDP – EURGBP Spikes, Next Stop 0.8850–0.8900 
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FxWirePro: NZD/USD weakens as RBNZ quashes rate hike talk 
FxWirePro: USD/CAD recovers slightly but trend is still bearish 
FxWirePro- Major European Indices 
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints 
FxWirePro: USD/JPY caught in narrow range, bias bearish 
FxWirePro: USD/ZAR attracts selling interest, could be on verge of a bigger drop 
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/CAD gives back chunk of early gains, eyes another drop 
FxWirePro: GBP/USD steadies ahead key data, BoE event risk 
FxWirePro- Woodies Pivot(Major) 
EURJPY pared most of its gains as the yen gained momentum. Intraday trend is bearish as long as the resistance at 183.15 holds. The pair posted an intraday low of 181.83 and is now hovering at roughly 182.11.
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 182.50, a breakout here could lead to targets at 183/185.
- Immediate Support: At 181.80, 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: Neutral
Overall, the indicators suggest a bullish trend
Trading Recommendation:
It is good to sell on rallies around 182.58-60 with a stop loss at 183.15 for a TP of 180.
