EURJPY DAILY ✅ EUR/JPY – Market Cycle Position
Conclusion:
📌 EUR/JPY is in the late stage of a Distribution Phase, transitioning toward the early Markdown Phase.
This conclusion is based on multiple signals visible on your chart:
🔍 Why This Is a Distribution → Markdown Transition?
1. Price has reached major Fibonacci & structural resistance
The chart shows:
Price touching the 0.75–1.0 Fibonacci zone, historically a turning area.
Strong resistance around 179–181, which has repeatedly rejected upside.
This is classic distribution territory.
2. Loss of bullish momentum
On the chart:
The rising trendline is being tested and partially violated.
Candles show lower highs forming, indicating exhaustion.
histogram visually shows reduced bullish expansion.
This signal often appears right before a markdown begins.
3. projection box matches a distribution topping pattern
red scenario path matches:
UTAD-like behavior (Upthrust After Distribution)
Sharp drop into the 0.5 and 0.618 retracement zones
The drawn path is consistent with a Wyckoff Distribution to Markdown.
4. Market structure shows break-of-structure attempts
The chart indicates:
A local BOS (Break of Structure) to the downside.
Followed by weak bullish pullbacks (LPSY behavior).
This is typical behavior during the transition to markdown.
📉 Where this places the market cycle:
✔ Accumulation – Already completed.
The long move from ~155 to 180 shows a strong accumulation → markup trend.
✔ Markup – In its final stage.
The trend is extended and overbought.
🔶 Distribution (Current Phase)
You can clearly see:
Sideways compression at the top
Lower highs
Trendline weakening
Reaction to major fib levels
🔻 Next: Markdown Phase (probable)
Your projection to ~168–170 aligns with markdown retracement targets.
🎯 Summary
EUR/JPY is currently in the LATE DISTRIBUTION phase and is preparing for MARKDOWN.
