Analysis

EURJPY 177.3285 ↓0.19%: Bears have the edge · 4H 12:00 Oct 22, 2026

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Candle close
Price and energy
Open 177.6675 · High 177.682 · Low 177.2355 · Close 177.3285 · Range (high − low) 0.4465
EURJPY closed at 177.3285, down 0.3395 (-0.19%) from 177.668.
Bull–Bear energy behind the price: the market moved from the Bull Bias zone at 27.0% to Bear Bias at -35.4%, down 62.3 points.
Price and energy are moving down together.
Price and energy · last 4 candles
Price177.57177.642177.668177.329
Energy-14.4%32.4%27.0%-35.4%
Price change↑ 0.13%↑ 0.04%↑ 0.01%↓ 0.19%
Energy change↑ 42.4↑ 46.9↓ 5.4↓ 62.3
Volatility trend chart · last 4 sessions
↑ 0.13%↑ 0.04%↑ 0.01%↓ 0.19%↑ 42.4↑ 46.9↓ 5.4↓ 62.3
Δ priceΔ energy↑ up · ↓ down
Volatility · vs history since 2019
Price down 0.19% — higher than 73% of past drops
0%255075100%
Energy down 62.3 pts — higher than 93% of past drops
Knowledge

Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.

RESEARCH

Trend of Bear Bias EURJPY 4H

Sample: 18,362 4H candles from 2014-12-31 to 2026-10-21
Number of Bear Bias occurrences: 1,481 times

▸When EURJPY is in Bear Bias:

  • then EURJPY moved to higher Market State: 913 times — 61.6%
  • then EURJPY moved to lower Market State: 568 times — 38.4%

▸Current EURJPY market energy: -35.37%

  • Distance to upper bound of Bear Bias (at -20.88%): 14.49%
  • Distance to lower bound of Bear Bias (at -60%): 24.63%

"Why does archaeology matter?" — 2AITRADING

EURJPY · H4 · 2026-10-22 01:00 UTC
Preview the last 30 candles — price and energy
View live EURJPY chart →
Market Energy
27.0%
Bull Bias
-35.4%
Bear Bias
-98.3%
Bear Extreme
Zone
-60 – -20.88
Bias
Sellers in control
Explanation

Reading from the 4H candle, EURJPY recorded in the energy state leaning Bear.

The EURJPY market at session end, Market Energy dropped -62.3% from the previous session, from 27% to -35.4%.

Time in Bear Bias energy zone: 1 4H Candle

2AiTrading Market Energy Model

Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.

Market context
Historical perspective

Over the past 5 days, EURJPY Market Energy ranged from -56.8 to 89.1.

Frequently asked questions

What did EURJPY price and energy show when this 4H candle closed?

When the 4H candle closed at 12:00 on 22-10-2026, EURJPY was at 177.3285, down 0.19% from the previous candle (177.668). Market Energy was -35.4%, down 62.3 points from 27%, in the Bear Bias state — controlled by sellers. The Bear Bias zone spans -60% to -20.88%.

How much did EURJPY price move on this 4H candle, and how large is that historically?

EURJPY closed at 177.3285, down 0.19% from the previous 4H candle (177.668). This drop is larger than 73% of past drops on the 4H timeframe for EURJPY, across 12,158 candles since 2019.

How did EURJPY Market Energy change from the previous candle?

Market Energy fell 62.3 percentage points from the previous candle — from 27% to -35.4%. This drop is larger than 93% of past drops on the 4H timeframe for EURJPY.

Do EURJPY price and energy agree?

Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.

What state was EURJPY in on the previous 4H candle?

The previous 4H candle had EURJPY at 27%, Bull Bias — when this candle closed, EURJPY moved down to a lower zone: Bull Bias → Bear Bias.

Where does EURJPY energy sit within the Bear Bias zone?

At -35.4%, EURJPY is 14.49 points from the upper boundary of Bear Bias (-20.88%) and 24.63 points from the lower boundary (-60%) — so energy sits closer to the upper boundary at candle close.

What does Bear Bias mean?

Bear Bias is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.

See the full Bear Bias definition →

How are the broader market indices trending?

Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Critical with energy -70.4%; GER40 (European equities) in Bear Bias with energy -36.3%. Against this backdrop, EURJPY (Bear Bias, -35.4%) has higher energy than SPX500; sits in the same state zone as GER40.

How is the US Dollar Index (DXY) trending?

Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Neutral with Market Energy -11.4%. EURJPY energy is currently below DXY by 24 points.

Real-time Energy Chart

See the real-time energy chart for EURJPY.

Open Energy Chart
Related analysis
Methodology

Data computed by 2AiTrading's proprietary Market Energy model. Snapshot captured at candle close. See methodology →

See the full 2AiTrading Model data for EURJPY on the EURJPY overview →

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