EUR/JPY Distribution Into 179.430 as Structure Tightens

Research preview

EURJPY Hourly, Daily And Weekly Candle Charts EURJPY is trading near 180.438 against the daily pivot at 182.634, so the chart set below separates the intraday reaction from the daily close and the wider weekly position. EURJPY H1 candlestick chartHourly price action with price near 180.438 keeps seller pressure in focus. The desk is watching sellers closed the latest candle below its open inside a 180.366-180.513 candle range, the recent sequence is still leaning lower, while price remains below pivot 182.634. The next useful filter is the next hourly close should either defend the reaction zone or expose a false start; From a risk-control angle, a break back through the...