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!
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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.
Related publications
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.