EURJPY is consolidating in a narrow range after a massive sell-off. As long as it remains below 184, the trend for now is bearish. It is currently around 183.42 after hitting an intraday high of 183.71.
Technical Analysis:
The EUR/JPY pair is trading below 55 EMA, above 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 184,a breakout here could lead to targets at 184.35/184.92/186/187/188.69.
- Immediate Support: At 183, if breached, the pair could fall to 182/181.75/180.
Indicator Analysis (1- hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a neutral trend
Trading Recommendation:
It is good to sell on rallies around 183.78-80, with a stop loss at 185 and a TP at 180.


FxWirePro: USD/JPY neutral in the near-term, scope for downward resumption
AUDJPY Pullback Intensifies: Resistance at 110.00 Signals Short Opportunity
FxWirePro: NZD/USD cautiously bid as traders sense end to Iran war
FxWirePro: EUR/ NZD steadies around 2.0150, retains bid tone
FxWirePro: USD/JPY firms as Trump's address on Gulf war spark fresh concerns
Yen Resurgence Drives GBPJPY to 2.5-Week Low: Sellers Aim for 208.00
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro- Woodies Pivot(Major)
FxWirePro:NZD/USD drifts lower, could be on verge of bigger drop
FxWirePro: AUD/USD gains some ground but remains sensitive to Middle East tensions
FxWirePro: USD/CAD runs out of steam but maintains bullish outlook
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Euro Bulls Charge Past 1.1600: Broad Dollar Sell-Off Ignites Powerful EURUSD Rally
FxWirePro: GBP/USD recovers but bears are not done yet again
NZDJPY Technical Outlook: Bearish Bias Deepens as Key Resistances Hold
Aussie Retreats Against the Yen: AUDJPY Bears Target 108 as 110 Resistance Holds Firm 



