EUR and JPY are at the heart of a pullback… will they continue to rise? For Forex: EURJPY by TPS_ACADEMY_EDUCATOR — TradingView

EUR/JPY shows a strong upward trend and reaches a fairly clear peak until it reaches the important supply area mentioned above:
181.70 – 182.20
This area reacted strongly to price and started to fall sharply.

After the decline, the price hit the following very good demand areas:
179.60 – 180.00
Since then, it has staged a decent bounce, but this bounce still failed to leave any significant peaks above, meaning the price is still in the midst of a downward correction within the larger uptrend.

Overall trend: Bullish
Current Status: Bearish Correction Within Trend

🟢 Purchase scenario (strongest at the end of the correction):

The best buying opportunity is a retest of near-term demand:

Buying area: 179.60 – 180.00

Stop loss: below 179.20

Goal 1: 181.10

Target 2: 181.70

Goal 3: 182.20

RR is very good

This is a scene that follows the general trend.

🔴 Sales scenario (if he comes back, he tests the offer and fails):

If the price rises and try to test the red zone:

181.70 – 182.20

And failure to penetrate it → selling would be a short correction opportunity:

Sell ​​Entry: After a Clear Rejection Candle

Stop loss: above 182.40

Target 1: 180.80

Goal 2: 180.10

But please remember:
❗ The sell here is just a correction, not a change in direction.

💡Conclusion:

✔ Euro remains in bearish correction
✔ The best buying opportunities come from the demand area 179.60 – 180.00
✔ As for the sale, it is temporary and the supply area is 181.70 – 182.20
✔ As long as price is above 179.20, the main trend remains bullish

sign:

Engineering/Taher Elmonier – TPS College