EURJPY has traded in a narrow range between 185.45 and 184.01 for the past five days. It continues to be bearish so long as it's miles below 185. Having attained an intraday low of 184.35, it now hovers about 184.585.
Technical Analysis:
The EUR/JPY pair is below 55 EMA, 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 185,a breakout here could lead to targets at 185.60/186.25/187.
- Immediate Support: At 184, if breached, the pair could fall to 183.65/183/182.48/181.80/180.80/180.
Indicator Analysis (4- hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Bearish
Overall, the indicators suggest a weak trend
Trading Recommendation:
It is good to sell on rallies around 185 with a SL around 186 for a TP of 183.


FxWirePro :USD/JPY hovers near 40-year high, bias bullish
AUDJPY Extremely Bullish Above 113: Strong AUD Fuels Fresh Rally – Buy Dips at 113 Targeting 115
NZDJPY Smashes 4-Month High on Kiwi Buying Frenzy – Bullish Setup Remains Strong
FxWirePro: AUD/USD firms slightly, but downward resumption looks likely
FxWirePro: NZD/USD advances as hawkish outlook by a top policy maker boosts kiwi dollar
EUR/JPY Poised to Slide — Sell Rallies into 185.30 with Eye on 183"
FxWirePro: GBP/NZD downtrend slows, but bearish sentiment remains
Crypto Major Pair Action Bias: ETHUSD Bullish as BTCUSD, SOLUSD & XRPUSD Stay Neutral
AUDJPY Surges Above 112.50 on Aussie Momentum – Bullish EMAs Flash Green but Sell Rallies into 111.30
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
GBPJPY Stuck in Tight Range – Neutral Bias Persists Despite Bullish EMAs
FxWirePro: GBP/AUD loses momentum but outlook is bullish
Major JPY Action Bias — Extremely Bullish Setups in NZD/JPY, AUD/JPY and CAD/JPY
FxWirePro: GBP/USD advance after softer US inflation dims Fed rate hike bets
GBPUSD, AUDUSD & NZDUSD Turn Extremely Bullish: Strong Positive Momentum Drives Major Pair Action Bias 



