📊 EURJPY
Over the recent sessions, I’ve identified an interesting structure forming on the **EUR/JPY** pair, pointing to a potential **short-term bullish move** over the next **2 to 3 days** before a possible trend reversal starts to materialize.
My bias is based primarily on the **presence of Fair Value Gaps (FVGs)** that have yet to be filled. These imbalances suggest the market may seek to revisit these zones to balance liquidity. Additionally, there are clear signs of buyer defense in a sensitive price region, reinforcing the thesis of a **technical recovery** before any long-term directional decision.
🧠 :
- Support zone respected after selling pressure eased.
- FVGs identified in alignment with a potential pullback structure.
- Expectation of a bullish move toward upper liquidity zones, with partial TPs set near **162.546** and extended targets around **163.770/163.776**.
🎯 **Plan:**
- Entry already triggered upon confirmation.
- Stop-loss safely placed below recent swing low (161.770).
- Take Profits aligned with FVGs and a risk-to-reward ratio of over 1:2.
🔎 *Strategic Note:* Once these value zones are filled, I’ll be closely monitoring for **Change of Character (CHOCH)** signals that could confirm the start of a new cycle on the pair. For now, my focus is on **gap-filling and market equilibrium** before any long-term directional play.
📍Posted by: Emerson Massawe
Trader | Strategist | COO of Rodaviva | CEO of Xerof Capital
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.