FX.co ★ Khurram78 | EUR/JPY

Detailed EUR/JPY Technical Analysis: H4 and Daily Timeframes Market Overview Pair: EUR/JPY Date: Sunday, September 20, 2026 Current Market Price: 180.21 The EUR/JPY currency pair continues to trade with high volatility due to macroeconomic shifts across the Eurozone and recent interest rate adjustments from the Bank of Japan. Price action currently consolidates around the 180.21 zone after a solid recovery from earlier monthly lows around 176.50. Below is a comprehensive breakdown of the H4 (4-Hour) and Daily (D1) timeframes to evaluate upcoming trading opportunities and target zones. Daily (D1) Chart Technical Outlook Trend Structure & Moving Averages On the daily chart, EUR/JPY maintains a broader bullish market structure, staying supported above key exponential moving averages (50-day and 200-day EMAs). Despite intermittent bearish pressure observed earlier in the month, buyers aggressively stepped in near the 176.60 demand zone to push prices back above the critical 180.00 psychological barrier. Oscillators & Price Action The Daily Relative Strength Index (RSI) is holding near 52, reflecting a neutral-to-bullish momentum stance. The candlestick structure on the daily timeframe shows strong long-lower-wick rejections around lower support levels, signaling that institutional buying interest remains active on dips. Key Daily Technical Levels Primary Resistance: 181.90 – 182.50 Secondary Resistance: 185.60 Primary Support: 178.20 – 178.50 Secondary Support: 176.60 Daily Price Targets Bullish Target: A sustained daily close above 181.50 will open the path toward the major resistance target at 184.20, followed by the high range of 185.60. Bearish Target: If price loses the 178.20 support level, the next downside target rests at the major daily demand zone of 176.60.

H4 (4-Hour) Chart Technical Outlook Intraday Trend & Wave Structure The H4 chart illustrates a sharp bullish reversal pattern following a short-term consolidation phase. The price broke above its recent lower-high structure, forming higher highs and higher lows. The 20-period and 50-period EMAs on the H4 timeframe have formed a bullish crossover, confirming short-term momentum in favor of buyers. Momentum Indicators The H4 RSI is sitting around 61, indicating healthy bullish momentum without being overbought. Moving Average Convergence Divergence (MACD) on the 4-hour chart displays expanding histogram bars above the zero line, suggesting sustained momentum for intraday traders. Key H4 Technical Levels Immediate Resistance: 180.80 Strong Resistance: 181.60 Immediate Support: 179.20 Strong Support: 178.30 H4 Price Targets Intraday Bullish Target: A breakout above 180.80 will push price directly toward 181.50, with an extended intraday target of 182.20. Intraday Bearish Target: A pullback below 179.20 will likely retest the support zone around 178.40, offering potential re-entry opportunities for swing buyers.

Trading Recommendations & Forum Summary Buy Setup: Look for long positions on healthy pullbacks toward 179.20 – 179.50 or on a clean breakout above 180.80, targeting 181.50 and 182.20 with stop loss below 178.40. Sell Setup: Look for short positions only if the pair breaks below 178.20 on a daily closing basis, targeting 176.60 with stop loss above 179.50. Risk Management Notice Trading foreign exchange on margin carries a high level of risk. Always ensure proper position sizing and stop-loss placement based on your individual risk management rules before entering trades.