EURJPY Stays Bullish Above 176.50: Key Levels and Buy Opportunity

EURJPY pair holds above 176.50 despite a weak Euro. Intraday remains bullish as long as support 175.75 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 177, a breakout here could lead to targets at 178/180.
   
• Immediate Support: At 175.70, if breached, the pair could fall to 175.20/174.60/174/173.
  
  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 176.48-50 with a stop loss at 175.70 for a TP of 178.