#EURJPY Analysis Insights and Predictions for 30th June

## EURJPY Analysis

The Advanced Pro Charts have provided a comprehensive analysis indicating a robust and sustained uptrend in the EURJPY currency pair. This uptrend is characterized by a series of higher highs and higher lows, which are fundamental indicators of a strong bullish market structure. The current price action reflects a clear upward trajectory, suggesting that the demand for the euro against the yen is significantly outweighing the supply.

As we delve deeper into the technical aspects, we can observe that a pullback to the key support level at 168.40 is not only plausible but also strategically significant. This level has previously acted as a strong demand zone, where buying interest has consistently emerged, providing a solid foundation for potential price rebounds. Traders often look for such pullbacks as opportunities to enter the market at more favourable prices, anticipating a continuation of the upward trend.

Upon reaching the support level at 168.40, we can expect the price action to respond positively, with a likely move towards the next target at 170.80. This target is not arbitrary; it is based on previous resistance levels and the overall bullish sentiment in the market. The journey to 170.80 may be marked by some volatility, yet the underlying trend suggests that the upward momentum will likely prevail, propelling the price towards this key level.

In summary, the current analysis of EURJPY indicates a strong bullish outlook supported by advanced charting techniques. With a potential pullback to 168.40 serving as a critical entry point, traders should remain vigilant, as the price action is poised to continue its ascent towards the target of 170.80. This scenario underscores the importance of monitoring market dynamics closely and being prepared to act on emerging opportunities as they arise.

Chris

Head Coach & Trader for over 35 years