Friday, October 16, 2026

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EUR/JPY squeezed, daily Kijun capping at 131.49

Source: Thomson Reuters EUR/JPY being squeezed, is close to a breakout or breakdown Hourly Cloud top underpins, last at 130.94; daily Kijun capping at 131.49 Oversold bounce on weeklies the broader force at play, EUR/USD…

By Jay L. Zagorsky
1 min read
EUR/JPY squeezed, daily Kijun capping at 131.49
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Source: Thomson Reuters


  • EUR/JPY being squeezed, is close to a breakout or breakdown 

  • Hourly Cloud top underpins, last at 130.94; daily Kijun capping at 131.49

  • Oversold bounce on weeklies the broader force at play, EUR/USD main driver 

  • 131.81 is the critical pivot: 50% of Feb-Mar drop & weekly Tenkan

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