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Trader Journals:::2025-11-24T01:03:35

EUR/JPY

EURJPY Technical Analysis 24 November 2025 Technically, I see the EURJPY pair has entered a price position that is still worth considering as an entry point. Lets take a look at the EURJPY 1 Hour Time Frame chart below before we analyze:

EUR/JPY

Lets analyze using Price Action analysis (Trader Pressure). In the market trend, EURJPY appears to be still in a Bearish/Downtrend condition, but we must also anticipate a trend reversal if the price breaks through the Resistance area above and also price consolidation. In the candle history, we can look for sell entry opportunities because the long-term trend is still in a downtrend effect. However, to be more objective, I will present an analysis for buy or sell entries. If we look at the chart above, the Sellers pressure (length of the red candle) slowly lowers the price without being able to be countered by the Buyers pressure (length of the green candle) and forms a Lower high. This indicates that sellers are still dominating the formation of certain price levels. However, buying opportunities can still be found in the EURJPY pair. In the image, I determine the Resistance Area through two lines above the price (180.78 – 180.49), for the Support area, we can see through two lines below the price (179.68 – 179.42). Below are my entry setup options, you can use them to suit your trading style. Setup entry in breakout opportunity, If the 1-hour candle close price breaks through the Upper Limit of the Resistance Area (180.78), then prepare to look for the best buy entry position. If the 1-hour candle close price breaks through the Lower Limit of the Support Area (179.42), then prepare to look for the best sell entry position. Cut Loss if the 1-hour candle closes below the lower limit of the resistance area (179.68) for sell entries. Maintain a minimum risk-to-loss ratio of 1:1. And Pullback Setup for Sell position: The Pullback area uses the resistance area. If the 1-hour candle closes within the pullback area, you can take a sell position and cut your losses if the 1-hour candle closes above the upper limit of the Pullback area (>180.78). Use a minimum risk ratio of 1:1, depending on your trading style. And Pullback Setup for Buy position: The Pullback area uses the support area. If the 1-hour candle closes within the pullback area, you can take a sell position and cut your losses if the 1-hour candle closes below the lower limit of the Pullback area (
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