EUR/JPY 4H Chart Analysis 🏆📊
🚀 Current Price: 162.308
📍 200 EMA: 162.099 (Dynamic Support)
🔥 Key Levels & Insights:
🟥 Major Support Zone (Red Area - 162.000)
✅ Price recently bounced off this level, showing strong buying pressure.
✅ If price holds above 162.000, a bullish continuation is likely.
📈 Gap Zone (Orange - 163.000 - 163.500)
🔍 There’s a price imbalance above, meaning price could be drawn towards it.
🔼 Gaps act as magnets! A move up to fill the gap is likely.
📊 200 EMA (162.099) - Crucial Level
🚦 Price is hovering above the 200 EMA. If it remains above, we can expect further bullish momentum.
🔮 Price Prediction & Trade Idea
📌 If price breaks and holds above 162.500, expect a 🚀 move towards 163.500.
📌 Rejection from 163.500 could bring a pullback 📉 back to 162.500.
🚨 Risk Alert:
🔻 If price drops below 162.000, bears might take control, pushing it to 161.500 or lower.
💡 Final Thoughts:
👉 Bulls 🐂 need to break 162.500 to push towards 163.500.
👉 Bears 🐻 will gain control if price loses 162.000.
🔥 Verdict:
✅ Bullish Bias if price stays above 162.000.
🚀 Target: 163.500 (Gap Fill).
🔻 Invalidation: Below 162.000.
🚀 Current Price: 162.308
📍 200 EMA: 162.099 (Dynamic Support)
🔥 Key Levels & Insights:
🟥 Major Support Zone (Red Area - 162.000)
✅ Price recently bounced off this level, showing strong buying pressure.
✅ If price holds above 162.000, a bullish continuation is likely.
📈 Gap Zone (Orange - 163.000 - 163.500)
🔍 There’s a price imbalance above, meaning price could be drawn towards it.
🔼 Gaps act as magnets! A move up to fill the gap is likely.
📊 200 EMA (162.099) - Crucial Level
🚦 Price is hovering above the 200 EMA. If it remains above, we can expect further bullish momentum.
🔮 Price Prediction & Trade Idea
📌 If price breaks and holds above 162.500, expect a 🚀 move towards 163.500.
📌 Rejection from 163.500 could bring a pullback 📉 back to 162.500.
🚨 Risk Alert:
🔻 If price drops below 162.000, bears might take control, pushing it to 161.500 or lower.
💡 Final Thoughts:
👉 Bulls 🐂 need to break 162.500 to push towards 163.500.
👉 Bears 🐻 will gain control if price loses 162.000.
🔥 Verdict:
✅ Bullish Bias if price stays above 162.000.
🚀 Target: 163.500 (Gap Fill).
🔻 Invalidation: Below 162.000.
Trade closed: stop reached
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JOIN MY TELEGRAM CHANNEL
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JOIN MY RECOMMENTED BROKER REFFREL LINK
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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.