Euro/Japanese Yen rebounds from 1 (100%) support Arc – Potential advance toward 181.44

Mohamad Gharib

EUR/JPY: Arc cycle analysis™

Overview: Based on Arc Cycle Analysis applied to the 2h chart, Euro / Japanese Yen has rebounded from the 1 (100%) Support Arc within the current Arc Cycle. The rebound confirms a bullish reaction and opens the potential for continued movement toward the next Resistance Arc.

Market outlook

Price has rebounded from the 1 (100%) Support Arc, confirming that the Arc continues to provide support within the current Arc Cycle. Continued bullish momentum could drive price to 181.44.

Conversely, a sustained 2h close below 178.90 would weaken the bullish scenario and could reopen the path toward lower extension levels within the Arc Cycle.

Author

Mohamad Gharib

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