Description:
EuroJPY is echoing the broader strength across JPY crosses, showing a clean bullish structure on the 4H timeframe. We’ve been in a clear uptrend since the May 22–25 range, with price printing a series of higher highs and higher lows.
• 🔹 Key swing low: 161.084
• 🔹 Most recent HL: 162.798
• 🔹 Current HH: 165.216
As we open this week, price is once again testing that 165.216 resistance level. From here, we see two key bullish continuation scenarios:
✅ Scenario 1 – Pullback Entry
Price rejects the highs at 165.216 and corrects toward the 164.000 region, forming a new higher low. This gives us a high-probability continuation entry targeting the next impulsive leg up.
✅ Scenario 2 – Breakout & Retest
Price breaks above 165.216 impulsively, then pulls back to retest the breakout zone (now flipped support). A higher low in this area sets up the next wave toward 166.078+ targets.
Either way, we’re only interested in buying the dip or catching the breakout retest. The bullish structure remains intact unless we break below 164.000.
🧠 Watching for clear rejection wicks, strong bullish engulfing candles, or liquidity sweeps into key demand zones to time entries.
⸻
💬 What’s your bias on EuroJPY this week? Will we pull back or just send straight up? Let me know in the comments below.
If this analysis helped, don’t forget to leave a like ❤️ and follow 🔔 for more updates and breakdowns just like this!
EuroJPY is echoing the broader strength across JPY crosses, showing a clean bullish structure on the 4H timeframe. We’ve been in a clear uptrend since the May 22–25 range, with price printing a series of higher highs and higher lows.
• 🔹 Key swing low: 161.084
• 🔹 Most recent HL: 162.798
• 🔹 Current HH: 165.216
As we open this week, price is once again testing that 165.216 resistance level. From here, we see two key bullish continuation scenarios:
✅ Scenario 1 – Pullback Entry
Price rejects the highs at 165.216 and corrects toward the 164.000 region, forming a new higher low. This gives us a high-probability continuation entry targeting the next impulsive leg up.
✅ Scenario 2 – Breakout & Retest
Price breaks above 165.216 impulsively, then pulls back to retest the breakout zone (now flipped support). A higher low in this area sets up the next wave toward 166.078+ targets.
Either way, we’re only interested in buying the dip or catching the breakout retest. The bullish structure remains intact unless we break below 164.000.
🧠 Watching for clear rejection wicks, strong bullish engulfing candles, or liquidity sweeps into key demand zones to time entries.
⸻
💬 What’s your bias on EuroJPY this week? Will we pull back or just send straight up? Let me know in the comments below.
If this analysis helped, don’t forget to leave a like ❤️ and follow 🔔 for more updates and breakdowns just like this!
Penerbitan berkaitan
Penafian
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.