Key Currency Pairs Overview

Today's analysis focuses on crucial trading setups across major currency pairs, with particular attention to EUR/JPY, GBP/JPY, and key market maker activity.

EUR/JPY Analysis

The EUR/JPY pair currently displays weakness in its market structure. The significant trend line remains intact, indicating limited market maker accumulation since the previous significant downward movement. Whilst some accumulation has occurred, it hasn't reached levels that would signal a strong reversal.

The market position beneath key levels suggests caution. Trading opportunities exist, though the current setup lacks the clarity needed for high-confidence entries.

Recent Price Action and Setup

The Asian session has provided notable continuation patterns. Our previous trend line remains relevant, with price action showing strength above key levels. Several promising upside targets have emerged from this configuration.

GBP/JPY Technical Review

Yesterday's GBP/JPY setup delivered exceptional results, with a movement of approximately 70 pips from the initial Asian session entry point. The 15-minute timeframe revealed:

• A clear selling opportunity below key support
• Immediate entry possibilities at market open
• Strong downward pressure breaking through support levels
• Sustained downward movement following the pressure point breach

Current Trading Opportunities

The 30-minute timeframe shows continued validity of our previous analysis, with the price responding to established zones. Key points for traders:

• Watch for potential upside targets if price breaks above resistance
• Monitor downside targets at marked support levels
• Current market conditions favour trading GBP/JPY
• Look for retracement opportunities near indicated levels

Trading Strategy Implementation

When identifying effective price zones, look for clear market reactions to established levels. These reactions validate the zones and provide higher-probability trading opportunities.

Remember to maintain proper risk management and wait for clear entry signals at these identified levels.

For detailed trading signals and updates, watch for our next analysis video. Questions and discussions are welcome via email.