demand zone spottedEuro vs Japanese YenICMARKETS:EURJPYeaonimisiEUR/JPY – Bullish Rejection from Demand Zone | 4H Smart Money Setup Pair: EUR/JPY Timeframe: 4H (4-Hour) Bias: Bullish Status: Trade Active Strategy: Demand Zone Rejection / Smart Money Concepts (SMC) Market Context EUR/JPY has been in a broader uptrend with higher highs and higher lows throughout July. Recently, the market retraced and tapped into a clearly defined demand zone, showing bullish rejection—a potential opportunity for long entries. Key Technical Highlights •Demand Zone marked around 170.65 – 171.30 oFormed by previous accumulation before the last strong impulsive bullish leg. oThis zone acts as institutional support, where large buy orders may reside. oPrice wicked into the zone and printed a bullish candle, suggesting buyer interest. •Risk-Reward Structure oEntry: ~171.33 (current price action after bounce) oStop Loss: Below demand zone (~170.66) oTake Profit: 173.38 (previous high / clean traffic zone) •The position is marked on chart with a clear long setup: oGreen zone = Target oRed zone = Risk oTrade offers a favorable Risk:Reward > 2:1 Scenarios Bullish Continuation •Price continues upward respecting demand zone. •Confirmation from bullish price action or break of lower highs (structure shift). •Clean targets above at 173.00 – 173.40. • Bearish Invalidity •Price closes below 170.65 on a 4H candle. •Break of demand invalidates the setup. •Next potential support lies lower near 169.80. Trade Plan Summary ComponentValue Entry171.33 Stop Loss170.66 Take Profit173.38 R:R Ratio~2.5:1 StatusActive, Waiting for Follow-through Conclusion EUR/JPY is showing a clean rejection from a strong 4H demand zone after a healthy pullback. Structure still supports a bullish continuation, and the trade is positioned with tight risk and strong upside potential. Monitoring for confirmation via momentum and market structure.