EUR/JPY 4H Chart Analysis – Gap Fill Incoming?

Jan 28

EUR/JPY 4H Chart Analysis 🏆📊
🚀 Current Price: 162.308
📍 200 EMA: 162.099 (Dynamic Support)

🔥 Key Levels & Insights:
🟥 Major Support Zone (Red Area - 162.000)
✅ Price recently bounced off this level, showing strong buying pressure.
✅ If price holds above 162.000, a bullish continuation is likely.

📈 Gap Zone (Orange - 163.000 - 163.500)
🔍 There’s a price imbalance above, meaning price could be drawn towards it.
🔼 Gaps act as magnets! A move up to fill the gap is likely.

📊 200 EMA (162.099) - Crucial Level
🚦 Price is hovering above the 200 EMA. If it remains above, we can expect further bullish momentum.

🔮 Price Prediction & Trade Idea
📌 If price breaks and holds above 162.500, expect a 🚀 move towards 163.500.
📌 Rejection from 163.500 could bring a pullback 📉 back to 162.500.

🚨 Risk Alert:
🔻 If price drops below 162.000, bears might take control, pushing it to 161.500 or lower.

💡 Final Thoughts:
👉 Bulls 🐂 need to break 162.500 to push towards 163.500.
👉 Bears 🐻 will gain control if price loses 162.000.

🔥 Verdict:
✅ Bullish Bias if price stays above 162.000.
🚀 Target: 163.500 (Gap Fill).
🔻 Invalidation: Below 162.000.

Jan 31

Trade closed: stop reached