EUR/JPY Intraday Signal: Bearish Setup While Below 173.59
EUR/JPY is trading under bearish pressure, capped by resistance at 173.59. The RSI is below 50, and the MACD remains negative and below its signal line—both indicators supporting the bearish outlook. Additionally, the price is trading beneath its 20 and 50-period moving averages (173.61 and 173.46), adding further confirmation to the downside bias. If the bearish structure holds, we expect targets at 172.85 and 172.37. A break above 173.59 would invalidate this view and expose the 174.01 and 174.26 resistances.
Enter: 173.40
SL: 174.01
Target A: 172.85
Target B: 172.37
🟢 Signal Result – EUR/JPY
🎯 Target B reached at 172.37, delivering a +103 pips profit from the entry at 173.40.
The trade has been fully closed at Target B, securing full gains.