The Correlation Between EURJPY and NASDAQ You Shouldn't Ignore

Currently keeping a close eye on EURJPY — price action has been bullish 📈, showing a strong upward push on the daily timeframe 🕒.

Right now, we’re seeing a bit of indecision 🤔, which is fairly typical for a Monday session as the market finds its footing.

🔍 I’m watching for continuation to the upside, as long as NASDAQ remains bullish. That said, NASDAQ is looking quite overextended 🧗, and a pullback could trigger a short-term retracement in the euro as well — these two tend to move in correlation 🔗, so keep a close watch on NAS100 for early clues.

If EURJPY consolidates sideways ⏸️, and we then get a clear break of market structure to the upside 🚀, I’ll be looking for a long setup on the retest and failure of the range floor — textbook continuation play 🎯.

As always, this is not financial advice — full breakdown in the video 🎥.