EUR/JPY (Euro vs Japanese Yen) on the 3-hour timeframe

15 lug

EUR/JPY (Euro vs Japanese Yen) on the 3-hour timeframe, the technical setup clearly suggests a bullish continuation inside an ascending channel, with a breakout above a consolidation zone.


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🎯 Target Point (as marked on your chart):

Main Target Point: 174.500



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🔍 Analysis Summary:

The price has broken above a resistance zone (around 172.700–172.900).

The chart shows a possible pullback and continuation setup (bullish flag/rounded retest).

The Ichimoku Cloud shows support below, suggesting bullish bias is intact.

The ascending channel remains unbroken and supports higher highs.



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📌 Summary:

✅ Current Price Area: ~172.70

🥅 Target: 174.50

🔄 Potential Retest Zone: ~172.00–172.30 (marked in red box)


Would you like help with entry strategy, stop-loss placement, or trade management based on this setup?

15 lug

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