EUR/JPY Intraday Signal: Bearish Continuation While Below 172.05
Analyses:
EUR/JPY remains under pressure, trading below the key resistance level at 172.05. The RSI is below 50, and the MACD is negative and positioned below its signal line—supporting a bearish technical setup. Additionally, price action is below both the 20 and 50-period moving averages (171.92 and 172.29), further confirming downside bias. As long as 172.05 holds as resistance, the pair is likely to target 171.30 and 170.88. A break above 172.05 would invalidate the setup and expose 172.46 and 172.71.
Enter: 171.80
SL: 172.46
Target A: 171.30
Target B: 170.88
🟢 Signal Result – EUR/JPY
🎯 Target B reached at 170.88, delivering a +92 pips total profit from the entry at 171.80.
The trade was initially partially secured at Target A (171.30) and then fully closed at Target B, following a well-managed risk-free position.
The bearish continuation setup below 172.05 played out as anticipated.
We’ll now watch EUR/JPY for the next high-probability setup.
