EUR/JPY: Bullish Momentum Confirmed - Targeting 165.3 on a Swing Long

Technical Setup & Entry Logic

Alright team, let's talk EUR/JPY. The pair is currently trading at 162.78, showing a solid 0.36% gain over the last 24 hours. The overarching trend remains distinctly bullish, which aligns with my focus on trading with momentum. My analysis points to a high-probability swing long setup. I'm looking for an entry around the 162.5 mark. This level represents a solid retest area following recent upward price action, confirming a potential continuation within the existing bullish market structure.
Looking at the daily range, we've seen prices move from 161.91 to 163.66. My entry at 162.5 positions us strategically above the immediate strong support at 161.91. This provides a buffer and confirms that we are