Dmitri Lysenko
⬤ EUR/JPY is trading within a bullish Elliott Wave structure that continues to support further gains on the daily timeframe. The currency pair shows what analysts call "bullish nesting"—a technical pattern that typically emerges during strong trending markets. Price action has been climbing steadily from previous correction zones, printing a clean series of higher highs and higher lows that confirms the uptrend remains healthy.
⬤ The Elliott Wave count reveals a clear impulsive structure with multiple subdivisions marking the advance. Earlier corrective phases look complete, and the pair is now moving through an active bullish cycle. The analysis highlights Blue Boxes on the chart—high-probability reaction zones where traders can look for entries aligned with the dominant trend rather than fighting against it.
⬤ The technical framework identifies 154.80 as the critical invalidation point. As long as EUR/JPY stays above this level, the bullish wave count stays valid. The projected path includes normal pullbacks and corrective swings, but these are part of the broader upward sequence rather than signs the trend is breaking down. The setup clearly discourages shorting against the established structure.
⬤ This Elliott Wave analysis matters because it gives traders a clear roadmap beyond daily noise. By pinpointing trend direction, reaction zones, and invalidation levels, it frames current price movements as part of a larger bullish cycle. With the daily structure still pointing up and no invalidation triggered, EUR/JPY continues trading in a bullish environment where directional alignment remains key for technical positioning.
Dmitri Lysenko
