EURJPY Technical Analysis – 23rd FEB, 2026
EURJPY – On 23rd February 2026, EURJPY registered a sharp intraday low at 181.99
EURJPY Technical Analysis – 23rd February 2026
On 23rd February 2026, EURJPY registered a sharp intraday low at 181.99, a level that marked a critical support zone within its medium-term bullish structure.
Daily Chart
The decline into 181.99 aligned with the 50-day SMA, reinforcing its role as dynamic support. Price action carved out a rejection wick, reflecting strong demand absorption. The RSI dipped toward 45, signaling a temporary loss of momentum but not yet oversold. This suggested that the pullback was corrective rather than a structural breakdown.
4-Hour Chart
On the 4H timeframe, the drop into 181.99 was accompanied by compressed bearish candles, followed by stabilization. The MACD histogram showed diminishing bearish momentum, with signal lines flattening and preparing for convergence. The Stochastic Oscillator had already cycled into oversold territory, supporting the case for a rebound. The rejection at 181.99 highlighted exhaustion among sellers and the reemergence of buyer interest.
Key Levels
• Support: 181.99 (intraday low, 50-day SMA confluence), 181.50 (secondary structural base)
• Resistance: 183.20 (minor supply zone), 184.00 (psychological barrier, Fibonacci 38.2% retracement of prior decline)
Market Implications
The low at 181.99 underscored EURJPY’s resilience at medium-term support. Sustained closes above 183.00 would reinforce bullish continuation toward 184.00, while a decisive break beneath 181.99 would expose the pair to deeper downside risks toward 181.50 and 180.80.
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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
EURJPY – On 23rd February 2026, EURJPY registered a sharp intraday low at 181.99
EURJPY Technical Analysis – 23rd February 2026
On 23rd February 2026, EURJPY registered a sharp intraday low at 181.99, a level that marked a critical support zone within its medium-term bullish structure.
Daily Chart
The decline into 181.99 aligned with the 50-day SMA, reinforcing its role as dynamic support. Price action carved out a rejection wick, reflecting strong demand absorption. The RSI dipped toward 45, signaling a temporary loss of momentum but not yet oversold. This suggested that the pullback was corrective rather than a structural breakdown.
4-Hour Chart
On the 4H timeframe, the drop into 181.99 was accompanied by compressed bearish candles, followed by stabilization. The MACD histogram showed diminishing bearish momentum, with signal lines flattening and preparing for convergence. The Stochastic Oscillator had already cycled into oversold territory, supporting the case for a rebound. The rejection at 181.99 highlighted exhaustion among sellers and the reemergence of buyer interest.
Key Levels
• Support: 181.99 (intraday low, 50-day SMA confluence), 181.50 (secondary structural base)
• Resistance: 183.20 (minor supply zone), 184.00 (psychological barrier, Fibonacci 38.2% retracement of prior decline)
Market Implications
The low at 181.99 underscored EURJPY’s resilience at medium-term support. Sustained closes above 183.00 would reinforce bullish continuation toward 184.00, while a decisive break beneath 181.99 would expose the pair to deeper downside risks toward 181.50 and 180.80.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...