EURJPY is approaching a significant support zone, highlighted by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bounce if buyers step in.The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 160.000 level, a logical target based on past price behavior and structural confluence.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
Trade active
Trade closed: target reached
✅ FREE SIGNALS: t.me/trenddiva
✅ BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
✅ BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
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.
✅ FREE SIGNALS: t.me/trenddiva
✅ BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
✅ BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
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.