EUR/JPY Intraday Signal: Rebound Expected Above 170.69
Analyses:
EUR/JPY shows signs of a potential rebound while holding above the pivot level at 170.69. Although the RSI remains below the 50 mark and the price is trading under its 20- and 50-period moving averages (171.18 & 171.40), the MACD has crossed above its signal line—indicating early bullish pressure despite an overall mixed configuration. If price sustains above 170.69, a move toward 171.40 and 171.87 is favored. A drop below 170.69 would expose support at 170.28 and 170.03.
Enter: 170.80
SL: 170.28
Target A: 171.40
Target B: 171.87
🔴 Signal Result – EUR/JPY
❌ Stop-loss hit at 170.28, resulting in a -52 pips loss from the entry at 170.80.
Despite early signs of bullish divergence, price failed to hold above the pivot at 170.69 and reversed lower.
We’ll reassess EUR/JPY for more reliable long setups in upcoming sessions.
