Higher‐lows structure
Since March, EUR/JPY has carved a series of higher lows (~156 → 160 → 162 → 164), signaling buyers stepping in sooner each pullback.
Recent breakout
The pair just cleared the prior swing high around 166.0 with follow-through buying—classic mid-range bullish bias.
Momentum & RSI
Daily RSI is trending upward without overbought exhaustion yet, leaving room to run toward resistance.
Rally to 175.4 ~65% Needs a clean break above 167.5 → 170 → 175.4
Drop to 154.4 ~35% Would require a bearish reversal under 164 → 162
Since March, EUR/JPY has carved a series of higher lows (~156 → 160 → 162 → 164), signaling buyers stepping in sooner each pullback.
Recent breakout
The pair just cleared the prior swing high around 166.0 with follow-through buying—classic mid-range bullish bias.
Momentum & RSI
Daily RSI is trending upward without overbought exhaustion yet, leaving room to run toward resistance.
Rally to 175.4 ~65% Needs a clean break above 167.5 → 170 → 175.4
Drop to 154.4 ~35% Would require a bearish reversal under 164 → 162
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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.
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.