EURJPY: Long Setup Building
**Not ready for entry yet. We are still awaiting confirmations.**
Price is coiling into an ascending triangle, with a rising trendline pressing higher lows into flat resistance. That compression usually resolves upward.
The trigger: we want a retracement into **185.015** at the **61.80%** level, then a period of consolidation. A settled reaction from that zone is what puts this trade on. No settlement, no entry.
The path: expect volatility around our liquidity level at **185.780**. That is where the pair has stalled twice already. Break and hold above it and the runway to target is clean.
The target: **186.140**, a move of roughly **113 pips** from the entry zone.
The macro backs the long. The ECB has turned hawkish with its first hike since 2023 taking the deposit rate to **2.25%**, while the BoJ sits at just **1.00%** despite its June move. That gap keeps yen-funded carry flows alive and the cross supported.
**Not ready for entry yet. We are still awaiting confirmations.**
Price is coiling into an ascending triangle, with a rising trendline pressing higher lows into flat resistance. That compression usually resolves upward.
The trigger: we want a retracement into **185.015** at the **61.80%** level, then a period of consolidation. A settled reaction from that zone is what puts this trade on. No settlement, no entry.
The path: expect volatility around our liquidity level at **185.780**. That is where the pair has stalled twice already. Break and hold above it and the runway to target is clean.
The target: **186.140**, a move of roughly **113 pips** from the entry zone.
The macro backs the long. The ECB has turned hawkish with its first hike since 2023 taking the deposit rate to **2.25%**, while the BoJ sits at just **1.00%** despite its June move. That gap keeps yen-funded carry flows alive and the cross supported.
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.