Macro Context: With ECB neutral and BoJ dovish, EUR/JPY favored to drift upward slowly as Yen weakness persists.
Structure: In a long-term bullish channel and recently bounced off the 50‑day MA near 163.0–163.5 .
Trigger:
Entry: Long on pullback to 163.50–164.00.
Stop: 162.80 (below channel support & LVN).
Target: 166.70 (upper channel range) → 168.00 zone.
R:R: ~1:2.5.
Framework: Entry aligns with liquidity sweep and bounce off HVN/50MA, supported by Elliott/Elliott-wave count and broader bullish range.
Structure: In a long-term bullish channel and recently bounced off the 50‑day MA near 163.0–163.5 .
Trigger:
Entry: Long on pullback to 163.50–164.00.
Stop: 162.80 (below channel support & LVN).
Target: 166.70 (upper channel range) → 168.00 zone.
R:R: ~1:2.5.
Framework: Entry aligns with liquidity sweep and bounce off HVN/50MA, supported by Elliott/Elliott-wave count and broader bullish range.
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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.