EURJPY: Bullish Push to 184.24?

Jan 5

EURJPY is eyeing a bullish continuation on the 4-hour chart, with price bouncing from an upward trendline near lower high, converging with a potential entry zone at support that could fuel upside momentum if buyers hold amid recent consolidation. This setup indicates a rally opportunity post-pullback, targeting higher resistance levels with risk-reward exceeding 1:2.5.🔥

Entry between 182.43–182.69 for a long position (entry from current price with proper risk management is recommended). Target at 184.24. Set a stop loss at a daily close below 182.1, yielding a risk-reward ratio of more than 1:2.5. Monitor for confirmation via a bullish candle close above entry with increasing volume, capitalizing on the pair's upward bias near key levels.🌟

Fundamentally, EURJPY is trading around 182.9 in early January 2026, with key events this week including Wednesday's Eurozone HICP Flash (Dec) for preliminary inflation data that could strengthen EUR if higher than expected, signaling ECB hawkishness; and Thursday's ECB SCE (Spring Consensus Expectations) for economic projections that may boost EUR on positive outlooks. For JPY, Monday's Japanese PMI Final (Dec) could weaken the yen if revised lower, indicating manufacturing contraction. Overall, stronger Euro data versus soft JPY readings could favor upside in EURJPY amid low holiday volume. 💡

📝 Trade Setup

🎯 Entry (Long):
182.43 – 182.69
(Entry from current price is valid with proper risk & position sizing.)

🎯 Target:
• 184.24

❌ Stop Loss:
• Daily close below 182.10

⚖️ Risk-to-Reward:
• > 1:2.5

💡 Your take?
Does EURJPY extend toward 184.24, or do you expect deeper consolidation before the next push higher? 👇

Jan 6

Trade active

Trade was activated!

Jan 6

Note

Save your profit in 1:1 R/R and breakeven!

Jan 24

Trade closed: target reached

This position was closed with more than 1:2.5 R/R