EURJPY – Potential Buy Opportunity at Support Level
The EURJPY pair is trading near a key demand zone which has acted as strong support during previous price actions. This area has historically attracted buyers, making it a significant zone for potential bullish reversals.
The recent bearish momentum has brought the price into this demand zone. If bullish confirmation appears, such as candlestick reversal patterns (e.g., bullish engulfing or long lower wicks), the price could see a recovery. A potential target for this bounce would be the 161.654 level, which represents a logical target for this setup.
Do you see this playing out, or would you approach it differently? Share your thoughts and analysis in the comments below!
The recent bearish momentum has brought the price into this demand zone. If bullish confirmation appears, such as candlestick reversal patterns (e.g., bullish engulfing or long lower wicks), the price could see a recovery. A potential target for this bounce would be the 161.654 level, which represents a logical target for this setup.
Do you see this playing out, or would you approach it differently? Share your thoughts and analysis in the comments below!
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