Analysis of the EURJPY Currency Pair for 05.03.2026

Analytics of currency pairs based on modified wave analysis, Fibonacci levels, and price channels.

05.03.2026.     

EURJPY

        The overall trend is bullish. The bearish wave structure is truncated. The Awesome Oscillator shows bullish divergence, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy upon the formation of a new bullish wave structure, where wave (A) breaks above the descending channel of the truncated bearish structure.

Stop Loss – below the local low of the truncated bearish structure (182.160).

Target levels – 182.750; 183.200.