EURJPY is consolidating after hitting a 16-year high. It hits an intraday high of 177.78 and is currently trading at approximately 177.617. Intraday outlook remains bullish as long as support 176 holds.
Technical Analysis:
The EUR/JPY pair is trading above 55 EMA, 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 178, a breakout here could lead to targets at 179.54/180.
- Immediate Support: At 176.90, if breached, the pair could fall to 176/175/173.78/173/171.80/170.80/169.70.
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 176.78-80 with a stop loss at 176 for a TP of 180. 176.25/178.


FxWirePro: EUR/AUD neutral in the near term, scope for downward resumption
NZDJPY Bullish Surge: Strong Kiwi Ignites Fresh Upside as 94 Support Holds and All EMAs Align
FxWirePro- Major Pair levels and bias summary
FxWirePro:EUR/NZD dips below lower range, bearish bias increases
FxWirePro: USD/JPY uptrend loses steam, remains on bullish path
Major Pair Action Bias: Extremely Bullish Surge Powers GBPUSD & NZDUSD as Bullish Momentum Ignites
FxWirePro: AUD/USD edges lower, but bullish outlook persists
FxWirePro: GBP/USD hits one-month high, scope for further upside
FxWirePro: NZD/USD trades in narrow range ,outlook bullish
FxWirePro- Major Crypto levels and bias summary
AUDJPY Bullish Surge: Strong Australian Dollar Fuels Fresh Upside as Pair Holds Above 113.50 and All EMAs Align
EUR/USD Holds Bullish Tone Despite Pullback from Yesterday’s High
FxWirePro: GBP/USD under pressure despite UK's modest economic growth
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies pivot (Major)
FxWirePro: GBP/NZD downtrend loses steam, remains on bearish path 



