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FxWirePro- Major Pair levels and bias summary 
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FxWirePro- Major Pair levels and bias summary 
As the yen lost its lustre owing to continuous economic difficulties in Japan, EURJPY rose dramatically. As long as it stays under 183.20 pair remains neutral. After striking a high of 183.15 yesterday, it is now about 182.17.
Technical Analysis:
The EUR/JPY pair is above 55 EMA, below 200, and 365-H EMA on the 4-hour chart.
- Near-Term Resistance: Around 183.250,a breakout here could lead to targets at 183.60/184.35/184.92/186/187/188.69.
- Immediate Support: At 182.50, if breached, the pair could fall to 181.80/180.80/180.
Indicator Analysis (4- hour chart): - CCI (50): Bearish
- Average Directional Movement Index: Neutral
Overall, the indicators suggest a bearish trend
Trading Recommendation:
It is good to buy only above 183.20 with a SL around 182.50 for a TP of 186
