EURJPY Testing Key Support Zone – Potential Buy Setup

30 Jan

EURJPY is approaching a key demand zone, an area where buyers have historically stepped in. The current market structure suggests the possibility of a bullish bounce if the price confirms a rejection from this zone.

The target at 161.857 is based on the expectation of buyers gaining momentum. If bullish price action confirms the demand zone as valid support, this setup offers a high-probability scenario.
Keep an eye on bullish confirmation signals, such as strong wicks or bullish engulfing candles, to validate the setup.

What’s your take on this analysis? Do you think the demand zone will hold, or do you anticipate further downside? Share your perspective below!

31 Jan

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