Euro / Japanese Yen
Long

EURJPY – Buy the Dip in a Continuing Uptrend

123
Trade Idea
  • Type: Buy Limit
  • Entry: 171.00
  • Target: 172.50
  • Stop Loss: 170.25

Duration: Intraday
Expires: 11/07/2025 06:00

Technical Overview
  • The primary trend remains bullish, with no clear signs that the upward move is ending.
  • While a correction is possible, it is expected to be contained within the broader uptrend, providing an opportunity to buy at lower levels.
  • A move above 172.00 will confirm renewed bullish momentum, supporting a move toward 172.50, with a measured move target at 172.75.
  • Current levels do not offer a good risk/reward for immediate buying, so waiting for a dip to 171.00 is preferred.


No significant economic events are scheduled in the next 24 hours, keeping the focus on technical factors.

Key Technical Levels
  • Support: 172.00 / 171.50 / 171.00
  • Resistance: 172.00 / 172.50 / 172.75


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