Can EUR/JPY Extend Higher After the 200 SMA Pullback?

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EUR/JPY “YUPPY” – Forex Market Trade Opportunity Guide (Swing/Day Trade)

Market Outlook
EUR/JPY continues to respect its 200 Simple Moving Average, proving strong trend momentum and confirming bullish structure. Price is showing a clean pullback into a demand zone, offering a high-probability continuation opportunity.

Plan: Bullish Plan Confirmed via 200 SMA Pullback
The pair is reacting strongly above the 200 SMA, signaling trend continuation. As long as price holds above major support zones, bullish momentum remains intact.

Entry: Layered Buy Strategy (Thief Method Explained Clearly)
You can enter at any price level, but for smarter execution, the plan uses multiple Buy Limit layers to average into the pullback:

🧩 Layered Buy Limit Entries (Example Levels):
180.200
180.400
180.600
180.800

️ You may increase or decrease the number of layers based on account size, volatility, or personal strategy.

This approach helps capture value entries, reduces emotional pressure, and aligns with trending market re-entries.

️ Stop Loss: Thief SL @ 180.000
Dear Ladies & Gentleman (Thief OG’s), adjust your stop loss based on your own risk appetite and trading strategy.
This SL is a guideline, not a compulsory level, and you should set your own protective level responsibly.

Target: 182.800 – Strong Resistance + Overbought Zone
This zone aligns with a cluster of resistance + potential trap region.
Dear Ladies & Gentleman (Thief OG’s), you are NOT required to use my TP.
If you make money, take money at your comfort and risk parameters.

Related Pairs to Watch (Correlation & Key Notes)
USD/JPY ( USDJPY)
Strong positive correlation with EUR/JPY due to shared JPY weakness.
If USD/JPY continues its bullish structure, EUR/JPY is more likely to sustain upward momentum.

EUR/USD (EURUSD)
Mixed correlation but still important.
If EUR fundamentals strengthen, EUR/JPY upside gets additional support.
A strong EUR/USD rally often boosts EUR/JPY indirectly.

CHF/JPY (CHFJPY)
Heavily correlated with Yen sentiment.
If CHF/JPY is also trending up, it signals broad JPY weakness, supporting EUR/JPY bullish continuation.

GBP/JPY (GBPJPY)
High volatility and strong direct correlation with JPY movements.
Watching this pair helps identify if JPY weakness is market-wide or isolated.

Correlation Key Points (Easy View)
🟢 If JPY weakness is broad across USD/JPY, CHF/JPY, GBP/JPY → EUR/JPY bullish plan becomes stronger.
If EUR pairs (like EUR/USD or EUR/GBP) show strength → EUR/JPY upside becomes cleaner.
If JPY suddenly strengthens across the board → Be cautious with layered buys.

Why This Idea?
️ Clean SMA200 Pullback | ️ Professional Layered Entry | ️ Clear Risk & Reward | ️ Correlations Mapped

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[Rimon Khan]

Scalping is all about discipline—tight stops and quick exits.

[Nahid Hossen]

Pullback looks healthy; bulls might step in again if momentum returns.