EURJPY is rising to 173 for a bearish and larger pattern.

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EURJPY is rising to 173 for a bearish and larger pattern.

Since the beginning of March 2025, EURJPY started an uptrend and is still rising in a clear way with no signs of reversal.

As long as the BOJ has no plans to change its monetary policy statement or make any significant interventions in Forex, then EURJPY can continue to rise higher.

There is a high possibility that Eurjpy will complete a major daily harmonic pattern near 173.00.

Given that EURJPY may be close to the all-time high zone, the reversal could also occur within the zone, but I think EURJPY may start a reversal between 173.00 and the higher level. We can look for sell signals there.

At the moment, EURJPY is rising and may rise to 173.00, although not in a clear way.

You may find more details in the chart!
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Nota

EURJPY: Another Bullish pattern pushing EURJPY to 173

Yesterday, EURJPY confirmed a bullish triangle pattern during the opening of the U.S. market.

EURJPY has already reached 170.60 and is coming back for a retest of the broken resistance before moving higher again.

It's a complex situation, but if the price holds above the 169.75 pattern, the chances of a clear uptrend will increase further.

Remember that the larger pattern will be almost complete near 173.00.

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Trade attivo

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Nota

EURJPY: Bullish, Target 2 reached, and the movement was nearly 190 pips. It's in line with our bigger picture