what’s worse than your mother-in-law “hijacking” your wedding ceremony?
Lacking a possible pattern continuation sample!
That’s proper, EUR/JPY appears prepared to increase a longer-term pattern after pulling again final week!
Right here’s what we’re seeing on the 4-hour timeframe:
EUR/JPY 4-hour Foreign exchange Chart by TradingView
The euro had a blended begin to the week, gaining floor in opposition to comparatively weaker currencies just like the U.S. greenback and Japanese yen, however dropping floor to the Swiss franc and commodity-related currencies as merchants priced in increased commodity costs.
The Japanese yen, in the meantime, was the weakest main foreign money on Monday as markets reacted to political and financial uncertainty tied to doable snap elections and the danger of looser fiscal insurance policies.
Will these themes proceed to play out within the subsequent buying and selling periods?
Keep in mind that directional biases and volatility situations in market worth are sometimes pushed by fundamentals. If you happen to haven’t but achieved your homework on the Euro and the Japanese yen, then it’s time to take a look at the financial calendar and keep up to date on day by day elementary information!
EUR/JPY, which has been in an uptrend since ̶f̶o̶r̶e̶v̶e̶r̶ mid-2025, lately bumped into resistance close to 185.55 earlier than sliding to 182.70, the place it discovered extra sustained assist.
The pair is now buying and selling comfortably above the 184.00 space, a zone that would entice contemporary shopping for curiosity and open the door to new 2026 highs close to 187.00 and even 188.00.
Development followers seeking to get entangled might lean on the latest run of inexperienced candlesticks, or anticipate a clear break above the R1 Pivot Level close to the 185.00 psychological deal with for clearer affirmation that the uptrend is again on monitor.
On the flip aspect, a drop again beneath the 184.00 zone might arrange a retest of the 182.70 assist space, with room for a deeper pullback towards sub 182.00 ranges if draw back momentum builds.
Whichever bias you find yourself buying and selling, don’t overlook to follow correct threat administration and keep conscious of top-tier catalysts that would affect general market sentiment.
Disclaimer:
Please remember that the technical evaluation content material supplied herein is for informational and academic functions solely. It shouldn’t be construed as buying and selling recommendation or a suggestion of any particular directional bias. Technical evaluation is only one side of a complete buying and selling technique. The technical setups mentioned are supposed to focus on potential areas of curiosity that different merchants could also be observing. Finally, all buying and selling selections, threat administration methods, and their ensuing outcomes are the only accountability of every particular person dealer. Please commerce responsibly.
