What is the key pivot for EUR/JPY on February 1, 2026?

The primary regime pivot is 183.500. Trading above this level favors a bullish bias, while trading below suggests a bearish outlook.

Where are the key support and resistance levels for EUR/JPY?

Resistance is identified at 184.000 and 184.500, while support levels sit at 183.000 and 182.500.

How should traders handle a Monday market gap in EUR/JPY?

If the gap is repaired quickly, expect range-bound behavior. If the gap is protected and survives a retest, it suggests a trend continuation.

EUR/JPY Strategy feb-01-2026 | 183.500 Pivot Plan

A technical analysis of EUR/JPY as it enters the February trading cycle, focusing on the 183.500 pivot and structural boundaries for the London open.

As the market prepares for the first London window of February 2026, EUR/JPY is positioning itself around a critical structural pivot of 183.555. With Sunday liquidity typically patchy, traders should prioritize a "protect vs. repair" mindset before committing capital to the new week's trend.

Regime Filter: The 183.500 Pivot

The EURJPY price live action currently suggests a regime defined by the 183.500 level. In our technical framework, this serves as the primary regime filter: trading above this mark keeps a buy-dips bias intact, while sustained trading below shifts the intraday outlook toward selling rallies. For those monitoring the EUR JPY chart live, pay close attention to how the pair handles the 184.000 figure, which currently acts as a significant liquidity magnet.

Establishing a clear EUR JPY price map is essential for navigating the Monday open. We categorize the EUR JPY live chart behavior into two distinct buckets. A trend day will see a London breakout confirmed by New York extension, while a range day will involve New York fading the extremes back toward our central pivot. Achieving EUR JPY realtime success requires classifying the handover rather than attempting hero calls at the opening bell.

Execution Scenarios and Level Spacing

Our base case, at a 60% probability, remains a rotation around the 183.500 pivot. Under this scenario, we expect two-way flow between 183.000 and 184.000. If the EURJPY price live breaks these bounds, the quality of the retest will determine if the move is a genuine breakout or a liquidity trap. If a break cannot survive the first retest, it must be treated as a trap. Conversely, the EUR/JPY price live holding above 184.000 after a successful retest would open the path toward 184.500 and 185.000.

When reviewing the EUR to JPY live rate, stops should always be placed beyond structural boundaries rather than inside the noise of the spread. If the tape moves quickly and level spacing feels tight, the prudent course of action is to raise confirmation thresholds rather than widening stops. Ensure the euro yen live cross-confirmation aligns; if USD/JPY and USD/CHF disagree with the move, trend confidence should be downgraded immediately.

Monday Open Checklist

The first task for traders observing the EUR JPY price on Monday is to evaluate gap behavior. A repaired gap often signals a return to range-bound mean reversion, whereas a protected gap suggests continuation strength. As you watch the EUR JPY live chart, note that higher-quality upside requires price action to print smaller candles (compression) on the retest of broken resistance. Acceptance below 183.000, however, implies a rotation lower toward 182.500.