EUR/JPY Breakout Alert – Bullish Reversal in Progress!
Analysis & Description:
This chart of EUR/JPY (JPY timeframe) shows a downtrend channel breakout that could signal a bullish reversal.
Key Observations:
✅ Descending Channel Break: The price has been trending inside a bearish descending channel and is now attempting to break out.
✅ Accumulation Zone: A range-bound consolidation occurred before the breakout attempt, indicating possible smart money accumulation.
✅ Key Resistance Levels:
156.545 (Breakout confirmation level)
158.100 (Next resistance)
159.100 & 160.453 (Potential upside targets)
✅ Bullish Breakout Structure: The price is forming higher highs and higher lows, confirming early bullish momentum.
Trading Plan:
📈 Bullish Bias:
A successful breakout above 156.545 with retest confirmation could provide a buy opportunity targeting 158.100 → 159.100 → 160.453.
⚠️ Bearish Invalidations:
If price fails to hold above 156.545, a rejection may lead to a pullback before the next bullish move.
Final Thought:
EUR/JPY is showing early signs of trend reversal. A strong breakout above 156.545 could trigger a bullish rally toward 160+ levels in the coming sessions. 🚀
This chart of EUR/JPY (JPY timeframe) shows a downtrend channel breakout that could signal a bullish reversal.
Key Observations:
✅ Descending Channel Break: The price has been trending inside a bearish descending channel and is now attempting to break out.
✅ Accumulation Zone: A range-bound consolidation occurred before the breakout attempt, indicating possible smart money accumulation.
✅ Key Resistance Levels:
156.545 (Breakout confirmation level)
158.100 (Next resistance)
159.100 & 160.453 (Potential upside targets)
✅ Bullish Breakout Structure: The price is forming higher highs and higher lows, confirming early bullish momentum.
Trading Plan:
📈 Bullish Bias:
A successful breakout above 156.545 with retest confirmation could provide a buy opportunity targeting 158.100 → 159.100 → 160.453.
⚠️ Bearish Invalidations:
If price fails to hold above 156.545, a rejection may lead to a pullback before the next bullish move.
Final Thought:
EUR/JPY is showing early signs of trend reversal. A strong breakout above 156.545 could trigger a bullish rally toward 160+ levels in the coming sessions. 🚀
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.