Forex 2.00
Posted September 08, 2026

EURJPY

Buy
BUY
Entry Price
178.6500

Signal Details

Direction
Buy
Entry Price
178.6500
Risk: Reward
1:1.16

Trade Levels

Stop Loss
176.3500
Take Profit 1
179.0000
Take Profit 2
179.1500

Technical Chart

Market Analysis

EURJPY slightly rebounded from the early losses. If bulls regain momentum, a recovery may be attempted, though recent rebounds have proven to be bull traps preceding deeper declines.

Key Indicators

  • Despite the downtrend, the currency pair has rebounded once again from the key demand zone, 178.00/177.80, with oversold conditions. Therefore, closely monitor the next US trading session for further technical rebound if the price stays above the support zone.

Fundamental Context

Investors should also closely monitor the geopolitical updates and comments from central bank policymakers. While short-term volatility may present upside risks, the broader trend remains bearish.

Risk Alert

A likely "dead-cat bounce" could bait premature bulls before the pair resumes its slide, so timing and discipline are critical here.

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