Categories: Technical analysis

EURJPY Wave Analysis – 6 February 2025

– EURJPY broke support zone

– Likely to fall to support level 156.00

EURJPY currency pair today broke support zone between the support level 158.00 (which reversed the price at the start of this month) and the support trendline of the daily down channel from December.

The breakout of this support zone strengthened the bearish pressure on this currency pair, which accelerated the active impulse wave iii.

EURJPY currency pair can be expected to fall to the next support level 156.00 (which has been reversing the price from August).

AddThis Website Tools
The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURJPY

Recent Posts

NIO Wave Analysis – 31 March 2025

NIO: ⬆️ Buy - NIO reversed from support zone - Likely to rise to resistance…

7 hours ago

Nvidia Wave Analysis – 31 March 2025

Nvidia: ⬆️ Buy - Nvidia reversed from key support level 105.00 - Likely to rise…

7 hours ago

Markets rattled on consumer sentiment

Consumer sentiment index from the University of Michigan shows alarming information for stock indices, with…

13 hours ago

EURAUD Wave Analysis – 31 March 2025

EURAUD: ⬆️ Buy - EURAUD rising inside impulse wave iii - Likely to reach resistance…

13 hours ago

USDCAD Wave Analysis – 31 March 2025

USDCAD: ⬆️ Buy - USDCAD reversed from the support zone - Likely to rise to…

13 hours ago
Video Pro News Weekly: Market Shake-Up. USD Struggles & Crypto’s Next Big Move!Video Pro News Weekly: Market Shake-Up. USD Struggles & Crypto’s Next Big Move!

Video Pro News Weekly: Market Shake-Up. USD Struggles & Crypto’s Next Big Move!

Major market shifts underway! The US dollar hits resistance, stocks teeter on tariff tensions, and…

18 hours ago