EUR/JPY: Bullish Continuation SetupDisclaimer: This is not professional financial advice; it is purely my personal opinion. Please consult a qualified financial expert before making any trading decisions.
In my analysis of EUR/JPY, the market appears to be maintaining a bullish trend on the four-hour timeframe. The recent price action suggests that the upward momentum is still intact, and I believe the market is showing potential for continued long positions, unless price action indicates otherwise.
Starting on the four-hour chart, I observed that the price has been making higher highs and higher lows, indicating that buyers are still in control. Moving down to the one-hour timeframe, we can see the formation of key supply and demand zones that could present opportunities for traders to enter long positions at favourable prices.
This setup appears to be well-suited for traders looking to capitalize on the bullish trend, especially if the market retests demand zones for a potential entry.
