📊 EURJPY Analysis - Long Bias
The pair continues to respect the bullish trendline and both MAs (50/10 are pointing up. Price just bounced off dynamic support at 172.20 and is forming a potential continuation pattern near recent highs.
🔹 Market Structure: Strong uptrend
🔹 Support Zone: 172.00–172.20
🔹 Resistance: 173.00–173.40
🔹 Outlook: As long as the trendline holds, we favor buys. Break above 173.40 could open room for 174.50+
🧠 Plan: Look for bullish confirmations on lower TFs (15m-1h) around 172.20–172.30 for possible entries. Avoid chasing highs.
💡 Risk reminder: Always use SL below structure. Ideal setup for swing traders looking to follow momentum.
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