EUR/JPY Price Outlook – Trade Setup

📊 Technical Structure
EURJPY EUR/JPY has shifted from a range into a bullish breakout structure, with price holding above the 186.88 support zone and forming higher lows.
The recent impulsive move shows strong buying pressure, and current price is retesting the breakout base, suggesting a continuation setup rather than rejection.
Short-term bias: Bullish

🎯 Trade Setup (Buy on Retest)
Entry Zone: 186.88 – 186.81
Stop Loss: 186.80
Take Profit 1: 187.23
Take Profit 2: 187.30
Risk–Reward Ratio: ~1:4.4
📌 Invalidation:
A clean break below 186.80 would invalidate the bullish structure and signal a return to range.

🌐 Macro Background
Yen weakness remains the key driver as markets price in a dovish BoJ stance, while intervention risk only caps extreme upside. Meanwhile, steady euro positioning and elevated oil prices continue to pressure JPY, supporting EUR/JPY upside.

🔑 Key Technical Levels
Resistance Zone: 187.23 – 187.30
Support Zone: 186.88 – 186.81
Invalidation Level: 186.80

📌 Trade Summary
Structure flipped bullish after breakout.
Preferred strategy: Buy the pullback into support, targeting continuation toward resistance.

⚠️ Disclaimer
This analysis is for reference only and does not constitute trading advice. Financial markets involve significant risk; proper risk and position management are essential.