EURJPY Near Heavy Resistance — Is a Reversal Starting?

Jun 22

EURJPY(EURJPY) is currently moving within a heavy resistance zone(188.22 JPY-183.17 JPY), near the resistance zone(186.35 JPY-185.19 JPY)inside this key zone.

From an Elliott Wave perspective, it seems that an upward corrective zigzag(ABC/5-3-5) has completed, where wave C formed an ending diagonal.

I expect EURJPY to start declining from the resistance zone(186.35 JPY-185.19 JPY) and drop at least toward 183.43 JPY.

First Target: 183.43 JPY

Second Target: 182.35 JPY

Stop Loss(SL): 186.37 JPY(Worst)

What’s your view on EURJPY?

💡 Please respect each other's opinions and express agreement or disagreement politely.

📌Euro/Japanese Yen Analysis (EURJPY), 4-hour time frame.

🛑 Always set a Stop Loss(SL) for every position you open.

✅ This is just my idea; I’d love to see your thoughts too!

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Jun 22

Trade active

Jun 24

Trade closed: target reached

First Target Done(183.43 JPY)