Euro / Japanese Yen
Long

EURJPY Breaks Structure: The Key Pullback Level Iโ€™m Waiting For

99
๐Ÿ“Š Iโ€™m currently watching EUR/JPY closely. The pair has broken structure to the upside, showing clear bullish intent ๐Ÿ”ผ. However, when we compare price to the VWAP, itโ€™s noticeably overextended ๐Ÿ“ˆ.

๐Ÿ“‰ On the volume profile, price has pushed through a major resistance level โ€” the Point of Control โ€” which has now flipped into an important value area acting as support ๐ŸŸฉ.

๐Ÿ” Because price is stretched, I want to see a pullback into this support zone, hold firmly there, then deliver a fresh bullish break followed by a retest of the current range. If EUR/JPY stabilises and holds above the volume profile levels, Iโ€™ll be watching for a long opportunity ๐Ÿ’ฐ.

โš ๏ธ Not financial advice.

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