FX.co ★ Zubad | EUR/JPY

EUR/JPY M30 Post-Trade Analysis The EUR/JPY 30-minute chart showed a mixed market structure with an overall bullish recovery after a previous bearish phase. At the beginning of the observed period, the pair was trading below all three moving averages, indicating strong selling pressure. The market experienced a sharp decline, creating lower highs and lower lows, which confirmed the bearish trend. As trading progressed, price action began to stabilize around the 184.30–184.40 support zone. Buyers entered the market and gradually pushed the price higher. The shorter-term moving averages (green and red) crossed above the longer-term moving average (blue), signaling a potential trend reversal. This bullish crossover was supported by a series of higher lows and higher highs, suggesting increasing buying momentum. During the recovery phase, EUR/JPY remained above the moving averages for most of the session. The moving averages also started to slope upward, confirming the strength of the bullish trend. Several buy signals appeared on the chart and were followed by positive price movement, indicating that buyers were in control. However, the market did not show aggressive momentum, as price advances were gradual rather than explosive. The ADX indicator remained below the strong trend threshold, with a reading around 17. This suggests that although the market was trending upward, the trend lacked significant strength. The +DI and -DI values were relatively close to each other, reflecting a balanced battle between buyers and sellers. As a result, traders needed to manage positions carefully and avoid overestimating the trend's strength. Volume activity, represented by the BW MFI indicator, showed occasional spikes during key price movements, particularly around breakout and reversal areas. These spikes indicated periods of increased participation and liquidity. However, volume generally remained moderate, which further supports the view of a controlled rather than highly volatile market. By the end of the chart, EUR/JPY was trading near 185.10, maintaining its position above the major moving averages. This suggests that the bullish bias remains intact in the short term. Nevertheless, the weakening ADX reading indicates that momentum is slowing, and traders should monitor support levels closely for signs of consolidation or a potential pullback before the next directional move.