EURJPY SELL/SHORTBy utilizing Fibonacci retracement levels, historical patterns, , we can formulate a hypothesis that the market might follow a similar trajectory if bearish sentiment prevails.
Eurjpyanalysis
EUR/JPY Technical Analysis: Key Support Test and Potential BreakThe image is a technical analysis chart for the EUR/JPY currency pair on a 3-hour timeframe. Here’s a breakdown of the analysis:
Key Elements of the Chart:
1. Support & Resistance Levels:
A resistance level is marked near 161.100.
A support zone is highlighted in purple around the 160.820 - 161.100 area.
A stop-loss level is indicated below 160.820, around 160.259.
2. Exponential Moving Averages (EMA):
200 EMA (Blue Line): 161.100, indicating a long-term trend support.
30 EMA (Red Line): 161.889, representing a short-term trend resistance.
3. Trade Setup:
The price is currently testing the support zone.
A potential long entry (buy position) is anticipated if price bounces from the support level.
Target Point (Take Profit) is set at 164.241.
Risk-
EURJPY Double Top - Bearish Reversal Ahead Toward Target!🔍 Chart Analysis: Identifying the Double Top Pattern
The EURJPY (Euro/Japanese Yen) 1-hour chart shows a classic Double Top pattern, which is a strong bearish reversal formation. This pattern occurs when the price reaches a significant resistance level twice but fails to break above it, indicating a potential shift from bullish momentum to bearish control.
1️⃣ Top 1: The first peak formed as buyers pushed the price higher, but strong resistance forced a pullback.
2️⃣ Top 2: The price attempted to break the same resistance level again but failed, forming a second peak at approximately 164.165, confirming that sellers are overpowering buyers.
3️⃣ Neckline (Support Level): The critical support level around 160.000 acted as a trigger for the bearish move. Once this level broke, the double top pattern was confirmed.
📌 Key Levels and Market Structure
🔹 Resistance (164.165): The highest level where sellers dominated, preventing further upward movement.
🔹 Support/Neckline (160.000): This level acted as a crucial pivot. Once broken, it signaled a trend reversal.
🔹 Take Profit Levels:
TP1 – 159.036: This serves as the first profit target, aligning with a prior demand zone.
TP2 – 157.200: The full projected downside move based on the double top pattern.
🔹 Stop Loss (SL): Above 164.165, ensuring a risk-managed approach in case of trend invalidation.
📉 Trading Strategy: How to Trade This Setup?
1️⃣ Entry Confirmation:
The ideal entry was after the price broke the neckline at 160.000 and retested it as resistance.
A breakdown candle with high volume confirmed seller dominance.
2️⃣ Stop-Loss Placement:
A stop-loss above 164.165 provides room for price fluctuations while protecting against false breakouts.
3️⃣ Profit Targets:
TP1: 159.036, securing partial profits.
TP2: 157.200, completing the double top measured move.
📊 Market Psychology & Price Action Insights
The double top pattern reflects a shift in market sentiment from bullish to bearish.
The repeated rejection at 164.165 signals a lack of buying strength, increasing the probability of a downward move.
The breakdown of the 160.000 neckline confirms that sellers have taken control.
The price action also shows a lower-high formation, reinforcing bearish momentum.
✅ Conclusion: Bearish Bias Until 157.200
This setup strongly favors short positions, as long as the price stays below 162.500.
A break above 164.165 invalidates the bearish setup, signaling a potential reversal.
Until then, the market remains bearish, with TP1 & TP2 as achievable downside targets.
💬 What’s your outlook on EURJPY? Drop your analysis below! 👇
EURJPY Approaching Key Resistance — Potential Sell SetupOANDA:EURJPY is approaching a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume.
If the resistance level holds, I anticipate a downward move toward 161.20, which represents a logical target based on previous price behavior and market structure.
However, if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, opening the door for further upside.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!
EURJPY Weekly Forecast: Triple Bottom Breakout & Bullish Target Overview of the Chart & Market Structure
The EUR/JPY daily timeframe chart presents a Triple Bottom Pattern, a powerful bullish reversal formation that suggests a potential shift in market sentiment. This pattern occurs when price tests a key support level three times and fails to break lower, indicating strong buying interest at that zone.
Historically, a Triple Bottom leads to a significant trend reversal as sellers lose strength and buyers gain control. If confirmed by a breakout above resistance, this setup could provide a high-probability trading opportunity for swing traders and position traders.
Key Chart Components & Price Action Analysis
1. Triple Bottom Formation
The three bottoms marked on the chart represent repeated failed attempts by sellers to push the price lower:
Bottom 1 (August 2024): The first rejection from the support zone (~155.000) led to a temporary bounce.
Bottom 2 (October 2024): Price retested the same level, but buyers stepped in again, preventing a breakdown.
Bottom 3 (March 2025): The final test of support confirmed a strong accumulation zone, setting the stage for a potential bullish breakout.
In technical analysis, a Triple Bottom is considered a stronger reversal signal than a Double Bottom, as it represents prolonged buying pressure at key levels.
2. Support & Resistance Levels
Support Zone (~155.086): This level has been tested multiple times and remains a solid demand zone, where buyers have consistently entered the market.
Resistance Zone (~166.000): This level represents the neckline of the pattern, which must be breached to confirm a bullish reversal.
Breakout Target (~179.233): If price breaks out above 166.000, the projected target is set at 179.233, based on the height of the Triple Bottom pattern.
Trading Strategy & Entry Plan
1. Entry Point – Waiting for Confirmation
A buy trade should be initiated ONLY after a confirmed breakout above the resistance level (~166.000). Traders should wait for a daily candle close above this level, preferably with high volume, to confirm the breakout.
2. Stop Loss Placement
A stop-loss should be placed below the third bottom (support level) at 155.086 to minimize risk.
This placement ensures that if price invalidates the pattern by moving below the support level, the trade is exited early.
3. Profit Target Calculation
The measured move technique is applied to estimate the target. The height of the pattern (distance from support to resistance) is projected upward from the breakout point.
Target price: 179.233, aligning with historical resistance.
4. Risk-to-Reward Ratio & Position Sizing
The risk-to-reward ratio (RRR) for this setup is favorable, making it an attractive swing trade opportunity.
Traders should adjust position sizes based on risk tolerance, ensuring proper money management principles are applied.
Additional Confirmation Factors
1. Volume Analysis
A breakout with increasing volume will confirm strong bullish momentum.
Weak volume during breakout could indicate a false breakout, requiring caution.
2. RSI & Momentum Indicators
RSI trending above 50 suggests growing bullish strength.
Bullish divergence on RSI or MACD would add further confidence to the trade.
3. Retest of Resistance as Support
Often, after breaking resistance, price retests the breakout level before moving higher.
This could offer a secondary entry opportunity for traders who miss the initial breakout.
Potential Risks & Market Conditions to Watch
False Breakouts – If price fails to sustain above resistance, the pattern could be invalidated.
Macroeconomic Events – Major news events, such as ECB or BOJ policy decisions, could impact EUR/JPY movement.
Geopolitical Uncertainty – Unexpected events may cause volatility and deviation from technical patterns.
Conclusion – High-Probability Bullish Setup
The Triple Bottom Pattern in EUR/JPY is shaping up as a strong bullish reversal setup. If the price successfully breaks above 166.000, a rally toward 179.233 is expected.
📌 Trading Plan Recap:
✅ Entry: Buy above 166.000 (confirmed breakout).
✅ Target: 179.233 (measured move projection).
✅ Stop Loss: 155.086 (below support).
✅ Risk-Reward Ratio: Favorable for swing traders.
This setup aligns well with technical and price action strategies, making it an attractive trade idea for the upcoming weeks.
EUR/JPYWaiting for these levels to tapped in, for a buy to the upside,
Let me know what you guys think?
EURJPY - Expecting The Price To Bounce Higher FurtherH4 - Bullish trend pattern in the form of higher highs, higher lows structure
Strong bullish momentum
Expecting retraces and further continuation higher until the two key Fibonacci support zones hold.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR/JPY Triple Bottom Breakout – Bullish SetupThis chart represents the EUR/JPY currency pair on the daily timeframe. It highlights a Triple Bottom pattern, a bullish reversal formation that signals a potential upward trend after testing strong support multiple times.
1. Chart Pattern Analysis – Triple Bottom Formation
The Triple Bottom is a classic reversal pattern that forms after a downtrend and consists of three distinct lows at nearly the same level. This indicates that sellers attempted to push the price lower but failed three times, suggesting that buying pressure is increasing.
Bottom 1 (August 2024): The price reached a low near 150.344, forming the first support zone.
Bottom 2 (September 2024): The price dropped again to the same support level but bounced back, indicating strong demand.
Bottom 3 (March 2025): The price retested the support for the third time and rebounded, confirming the pattern.
💡 Key Takeaway: The repeated failure to break below the support level suggests that sellers are losing control, and buyers are preparing for a strong move up.
2. Support & Resistance Levels
Understanding support and resistance levels is crucial for identifying entry and exit points:
Support Level (150.344 - 150.125): This zone has acted as a strong demand area where price consistently bounced back.
Resistance Level (167.500 - 170.000): This is the neckline of the Triple Bottom pattern. A breakout above this level confirms the bullish trend.
If the price breaks above the resistance level, it will trigger buying momentum and open the doors for further upside.
3. Trading Strategy & Price Targets
✅ Entry Criteria
The ideal buy entry is after the price breaks above the resistance level (~167.500 - 170.000) with strong bullish momentum and increased volume.
Wait for a daily candle close above the resistance level to confirm the breakout.
🎯 Target Levels (Take Profit - TP)
TP1 (173.001) – First profit-taking level, as the price may encounter some resistance.
TP2 (179.266) – Final bullish target if the breakout holds strong.
📉 Stop Loss (Risk Management)
Stop Loss (SL): Below 150.125, just below the previous support level. This minimizes losses if the price fails to break out.
Risk-to-Reward Ratio: This setup offers a high risk-reward ratio, making it a favorable trade.
4. Market Psychology & Confirmation Signals
The Triple Bottom indicates a strong shift in market sentiment from bearish to bullish.
Confirmation signals to watch for:
✅ Bullish breakout above resistance
✅ Increase in trading volume
✅ Formation of bullish candlesticks (e.g., Engulfing, Marubozu, or Breakout Retest Confirmation)
5. Summary & Final Thoughts
🔹 The Triple Bottom pattern signals a strong reversal with clear upside potential.
🔹 The breakout above resistance (~167.500 - 170.000) will confirm a bullish trend.
🔹 Entry: Buy after breakout confirmation with volume support.
🔹 TP1: 173.001, TP2: 179.266
🔹 SL: Below 150.125 to protect capital.
🚀 Conclusion : This setup presents an excellent long opportunity with a well-defined risk-reward strategy. If the breakout holds, EUR/JPY could see a strong uptrend in the coming weeks.
eurjpy analysis ellio. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
eurjpy sell signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EUR/JPY Breakdown: Falling Wedge Breakout & Bullish SetupThe EUR/JPY 4-hour chart is presenting a well-structured price action setup, featuring a falling wedge breakout, a strong bullish trendline, and key resistance and support levels. This detailed analysis will walk through each aspect of the chart to provide a professional trading perspective.
1. Market Context & Price Action Overview
At the beginning of the chart, EUR/JPY was experiencing a downtrend, characterized by a series of lower highs and lower lows, forming a falling wedge pattern. This pattern is typically a bullish reversal signal, indicating that sellers are losing strength and buyers may take control.
Once the price reached a key support zone near 156.08, it bounced, leading to a breakout of the falling wedge. Since the breakout, the price has been moving in a bullish trend, forming higher highs and higher lows, respecting an ascending trendline.
2. Technical Patterns & Key Levels
🔹 Falling Wedge Pattern – Bullish Breakout
The falling wedge is identified by two converging trendlines sloping downward.
It indicates that bearish momentum is weakening as price compresses.
A breakout above the upper wedge line confirmed the shift in trend direction.
The breakout candle had strong bullish momentum, suggesting increased buyer interest.
🔹 Support and Resistance Levels
📉 Major Support Level (~156.08):
This level acted as a demand zone, where buyers aggressively stepped in.
The price formed multiple rejections at this level before breaking upwards.
A stop-loss placement below this level is ideal for bullish trades.
📈 Resistance Level (~163.50 - 164.00):
This zone has been tested multiple times as price approaches from below.
A break and retest of this resistance would confirm further bullish momentum.
If price faces strong rejection, a short-term pullback to the trendline may occur.
🎯 Final Target (~166.79):
This is the next major resistance level, aligning with previous swing highs.
It serves as a strong take-profit (TP) level for long positions.
If price reaches this level, we may see a consolidation phase or possible reversal.
3. Trend Analysis & Market Structure
📈 Bullish Trendline:
The price has been respecting an ascending trendline, acting as dynamic support.
This trendline connects higher lows, confirming a strong bullish trend.
As long as price stays above this line, buyers remain in control.
📊 Market Structure:
Since breaking out from the falling wedge, the price is forming a classic bullish structure of higher highs and higher lows.
This indicates sustained buyer pressure and a potential continuation toward resistance levels.
4. Trading Setup & Risk Management
📌 Entry Strategy:
Aggressive Entry: After the wedge breakout with a tight stop-loss.
Conservative Entry: Wait for a pullback to the trendline support or a break and retest of resistance at 163.50 - 164.00.
🔻 Stop Loss Placement:
Below 156.08 (previous support zone) to protect against trend invalidation.
Alternatively, below the rising trendline for a dynamic SL approach.
🎯 Take Profit Targets:
TP1: 163.50 - 164.00 resistance zone (Partial profits).
TP2: 166.79 final target, aligning with historical resistance.
5. Market Outlook & Potential Scenarios
✅ Bullish Scenario (High Probability)
If price holds above the trendline and breaks 163.50 - 164.00, we expect a continuation towards 166.79.
The structure remains intact as long as higher highs and higher lows persist.
❌ Bearish Scenario (Low Probability, but Possible)
If price fails at resistance and breaks below the trendline, it could signal a deeper retracement.
A break below 156.08 would completely invalidate the bullish setup, leading to a potential downtrend.
6. Summary & Key Takeaways
Trend Bias: Bullish, supported by a falling wedge breakout and higher highs.
Key Levels: Support at 156.08, resistance at 163.50 - 164.00, final target at 166.79.
Trading Strategy: Buy on retests of trendline or resistance breakouts.
Risk Management: Use dynamic stop-loss levels to minimize downside exposure.
🔹 Final Verdict:
If price remains above support and successfully breaks 163.50 - 164.00, a strong move toward 166.79 is expected. However, traders should remain cautious of trendline breakdowns and manage risk accordingly.
📊 Stay disciplined, follow your trading plan, and always use stop-loss protection! 🚀 #EURJPY #Forex #TradingStrategy #PriceAction
EUR/JPY – Double Bottom Breakout & Trendline Retest, Trade Setup📊 Chart Type: 1-Hour (H1)
💹 Asset: EUR/JPY
📈 Technical Patterns: Double Bottom, Trendline Breakout, Retest
📌 Overview of the Chart
The EUR/JPY chart showcases a bullish reversal setup, characterized by a Double Bottom pattern, a trendline breakout, and a successful retest. This combination suggests a potential continuation towards higher price levels, making it an ideal setup for traders looking for breakout entries.
The price action initially followed a downtrend, but buyers stepped in at key support zones, leading to the formation of a strong reversal pattern. Now, the price is testing a key resistance level, and if it breaks out, we could see a significant upward move.
🟢 Key Technical Analysis Breakdown
1️⃣ Double Bottom Formation – A Bullish Reversal Signal
🔹 The Double Bottom is a classic reversal pattern that forms after an extended downtrend.
🔹 In this case, price found strong support at 160.139, forming two lows (Bottom 1 & Bottom 2), indicating buyer dominance.
🔹 The confirmation of the pattern comes with a break above the neckline at around 162.000, suggesting a shift from bearish to bullish momentum.
2️⃣ Trendline Breakout & Retest
🔹 A descending trendline had been acting as dynamic resistance, pushing prices lower.
🔹 Recently, the price broke above the trendline, signaling a potential trend shift.
🔹 Now, price is retesting the trendline, which is a key factor in confirming whether the breakout is valid.
🔹 If the retest holds, it could trigger a strong bullish move towards the next resistance zone.
📍 Support & Resistance Zones
🔹 Support Level (160.139):
The lowest point in the chart, where price tested twice and formed the Double Bottom.
Buyers stepped in aggressively at this level, preventing further decline.
Stop Loss Placement: Below this support zone for long trades.
🔹 Resistance Zone (163.725 - Target Level):
The previous swing high and a major supply zone.
A breakout above this area could lead to further bullish momentum.
📈 Trading Strategy – How to Trade This Setup?
✅ Bullish Trade Setup (Breakout & Retest Confirmation)
This setup is ideal for traders looking to capitalize on breakout and retest strategies.
📌 Entry:
Wait for a strong bullish candle to confirm the retest of the trendline.
A break above the 162.500 level could be a good entry confirmation.
📌 Target:
First target: 163.725 (Resistance Zone).
If momentum continues, the next upside target could be around 164.500.
📌 Stop Loss:
Below 160.139 (previous support level) to minimize risk.
Alternatively, place it below the trendline retest zone if entering aggressively.
📌 Risk-to-Reward Ratio (RRR):
This trade offers a strong RRR, as the downside risk is limited, while the upside potential is higher.
🔴 Bearish Scenario – What if the Retest Fails?
While the bias is bullish, traders must be prepared for a fake breakout scenario. If price fails to hold above the trendline and neckline, the structure might break down.
📌 Bearish Entry:
If price rejects the retest zone and closes back below 161.500, it could indicate a false breakout.
📌 Target:
160.139 (Support Level).
📌 Stop Loss:
Above the trendline retest zone to protect against unexpected bullish moves.
🔎 Key Takeaways & Final Thoughts
✅ The Double Bottom pattern signals a potential trend reversal.
✅ The trendline breakout & retest adds further confirmation to the bullish bias.
✅ A breakout above 162.500 could accelerate buying pressure toward 163.725.
✅ Risk management is essential: A well-placed stop loss below the support level ensures minimal downside risk.
✅ If price rejects the retest zone, traders should be prepared for a possible bearish reversal.
📌 Overall Bias: Bullish ✅
📌 Trade Confirmation: Needs trendline retest hold + bullish breakout 📈
📌 Key Level to Watch: 162.500 (Breakout Confirmation Zone) 🔥
💡 Pro Tip : Always wait for confirmation before entering a trade. A strong bullish candlestick pattern (e.g., engulfing candle) on the H1 or H4 timeframe could provide extra confidence in the setup! 🚀
EUR/JPY "The Yuppy" Forex Bank Heist Plan (Scalping / Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Robbers, 🤑 💰💸✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout (163.000) then make your move - Bullish profits await!"
however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level.
📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑:
Thief SL placed at the recent/swing low level Using the 30 mins timeframe (161.500) swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
🏴☠️Target 🎯: 166.000 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
EUR/JPY "The Yuppy" Forex Market Heist Plan (Scalping / Day Trade) is currently experiencing a bullishness,., driven by several key factors.
📰🗞️Get & Read the Fundamental, Macro, COT Report, On Chain Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🤑🐱👤🤗🤩
EUR/JPY "The Yuppy" Forex Market Money Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
Dear Money Makers & Thieves, 🤑 💰🐱👤✈️
Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits wealthy and safe trade.💪🏆🎉
Entry 📈 : "The heist is on! Wait for the MA breakout (161.000) then make your move - Bullish profits await!"
however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level.
📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs.
Stop Loss 🛑:
Thief SL placed at the recent/swing low or high level Using the 4H timeframe (158.000) swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 165.700 (or) Escape Before the Target
🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
📰🗞️Read the Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook before start the plan.
EUR/JPY "The Yuppy" Forex market is currently experiencing a Bullish 🐃 trend,., driven by several key factors.
👉Fundamental Analysis
Fundamental analysis examines the economic and political factors driving currency value. For EUR/JPY, we focus on Eurozone vs. Japan.
👉Eurozone (EUR) Factors:
Interest Rates: Assume the European Central Bank (ECB) has maintained or raised rates by March 2025 to combat inflation or support growth. Higher rates attract capital inflows, strengthening EUR.
Inflation: If Eurozone inflation remains elevated (e.g., 2-3%), the ECB might tighten policy, supporting EUR.
GDP Growth: Strong growth (e.g., 2% annualized) signals economic health, boosting EUR.
Political Stability: Stable EU leadership and no major crises (e.g., elections or debt issues) favor EUR.
Trade Balance: A surplus in exports (e.g., German machinery) strengthens EUR.
👉Japan (JPY) Factors:
Interest Rates: The Bank of Japan (BoJ) historically keeps rates low or negative. If still near 0% or slightly positive by 2025, JPY remains weak.
Inflation: Japan’s chronic low inflation/deflation (e.g., 1%) limits JPY strength.
GDP Growth: Slow growth (e.g., 1%) due to aging population and export reliance weakens JPY.
Yen as Safe Haven: JPY gains during global risk-off events (e.g., wars, recessions). If 2025 is calm, JPY weakens.
Trade Balance: Japan’s export-driven economy (e.g., cars, tech) supports JPY if global demand holds.
Conclusion: At 160.000, EUR likely benefits from higher yields and growth, while JPY is pressured by low rates and risk-on sentiment.
👉Macroeconomic Factors
Macro trends influence long-term currency movements:
Global Growth: Strong global growth in 2025 favors risk assets, weakening JPY (a safe haven).
Commodity Prices: Rising oil/energy prices hurt Japan (net importer) more than the Eurozone, weakening JPY.
Central Bank Policies: ECB tightening vs. BoJ easing widens yield differentials, pushing EUR/JPY higher.
Geopolitics: Assume no major conflicts by March 2025; stability favors EUR over JPY.
Demographics: Japan’s aging population caps growth, while Eurozone’s diverse economies adapt better.
Conclusion: Macro trends lean bullish for EUR/JPY.
👉Global Market Analysis
Equity Markets: Rising global stocks (e.g., S&P 500, DAX) signal risk-on, weakening JPY.
Bond Yields: Higher Eurozone yields (e.g., German 10-year at 2.5%) vs. Japan’s (e.g., 0.5%) drive EUR strength.
FX Volatility: Low volatility favors carry trades (borrowing JPY to buy EUR), supporting EUR/JPY.
USD Impact: If USD weakens (e.g., Fed cuts rates), EUR may outperform JPY due to Eurozone resilience.
Conclusion: Risk-on global markets support a bullish EUR/JPY.
👉Commitment of Traders (COT) Data
COT reports show positioning of large speculators, commercials, and asset managers:
Speculators: If net long EUR/JPY increases (e.g., +50,000 contracts), it signals bullish sentiment.
Commercials: Hedgers shorting EUR/JPY (e.g., -30,000 contracts) suggest exporters locking in rates, a neutral signal.
Open Interest: Rising open interest with price indicates trend continuation (bullish if above 160.000).
Historical Context: Extreme positioning often precedes reversals; moderate longs suggest room to run.
Hypothetical Conclusion: Moderate bullish positioning supports further upside.
👉Intermarket Analysis
Intermarket relationships link forex to other assets:
EUR/JPY vs. Stocks: Positive correlation with risk assets (e.g., Nikkei 225, Euro Stoxx 50) favors bulls.
EUR/JPY vs. Yields: Strong correlation with Eurozone bond yields; rising yields push EUR/JPY up.
EUR/JPY vs. Gold: Inverse correlation; if gold falls (risk-on), EUR/JPY rises.
USD/JPY Impact: If USD/JPY rises (JPY weakens broadly), EUR/JPY follows suit.
Conclusion: Bullish intermarket signals align with EUR/JPY strength.
👉Quantitative Analysis
Quantitative models use data-driven metrics:
Interest Rate Differential: Assume ECB rate at 3% vs. BoJ at 0.5%; 2.5% differential favors EUR.
Purchasing Power Parity (PPP): Long-term fair value might be 140; at 160, EUR/JPY is overvalued but momentum-driven.
Volatility (ATR): Low 14-day ATR (e.g., 1.5) suggests steady uptrend, not exhaustion.
Moving Averages: If 50-day MA (e.g., 158) < 200-day MA (e.g., 155) < price (160), trend is bullish.
Conclusion: Quant metrics support a bullish bias.
👉Market Sentiment Analysis
Sentiment reflects trader psychology:
Retail Positioning: If 70% of retail traders are short EUR/JPY (per broker data), contrarian logic favors bulls.
News Flow: Positive Eurozone headlines (e.g., growth data) vs. neutral Japan news boost EUR.
Social Media (X): Assume X posts show optimism on EUR, pessimism on JPY carry trade unwind.
Conclusion: Sentiment leans bullish.
👉Positioning
Carry Trade: Low JPY rates make it a funding currency; longs in EUR/JPY profit from yield and appreciation.
Hedge Funds: Assume funds are net long EUR/JPY, per COT or market rumors.
Central Banks: BoJ intervention unlikely unless EUR/JPY spikes (e.g., to 170).
Conclusion: Positioning favors bulls.
👉Next Trend Move
Technical Levels: Resistance at 162.000, support at 158.000. Break above 162 signals strong bulls.
Catalysts: ECB hawkish statement or BoJ dovishness could push EUR/JPY to 165.000.
Risks: Sudden risk-off (e.g., stock crash) could drop it to 155.000.
Prediction: Uptrend to 162-165, barring shocks.
👉Overall Summary Outlook
Bullish Factors: ECB tightening, BoJ easing, risk-on markets, yield differentials, bullish positioning.
Bearish Risks: Global risk-off, BoJ intervention, or EUR overvaluation correction.
Outlook: Bullish. EUR/JPY likely rises to 162-165 by Q2 2025, assuming stability. Watch for reversals if risk sentiment shifts.
Real-Time Market Feed (Simulated)
Since I can’t access live data, here’s a hypothetical snapshot as of March 10, 2025, 12:00 UTC:
Bid/Ask: 159.980 / 160.020
1-Hour Change: +0.150 (+0.09%)
Daily High/Low: 160.300 / 159.700
Volume: Moderate, carry trade-driven.
👉Future Prediction
Short-Term : Bullish to 162-166.
Long-Term : Depends on global risk and policy shifts; potential correction to 150 if JPY strengthens.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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EUR/JPY Chart Analysis - Falling Wedge Target with Bullish SetupThis EUR/JPY 1-hour chart reveals a well-defined falling wedge pattern, which is a bullish reversal formation. Additionally, we see key support and resistance levels, a double bottom, and a breakout potential that traders can use to plan an entry. Let’s dissect this chart in a professional and detailed manner to understand the trade setup and market psychology.
🔹 Market Trend & Structure Analysis
The market was previously in an uptrend, making higher highs and higher lows, until it faced strong resistance at the 163.500 level. Upon reaching this zone, the price reversed downward, forming a series of lower highs and lower lows, which resulted in a falling wedge pattern.
This downward movement was accompanied by a trendline break, signaling a shift in momentum. The price has since reached a strong support level and is showing signs of potential bullish reversal.
🔹 Key Technical Patterns & Indicators
1️⃣ Falling Wedge Pattern (Bullish Reversal Signal)
A falling wedge is a pattern characterized by two downward-sloping trendlines that converge, indicating that selling pressure is weakening. This pattern is considered a bullish signal because:
✔️ The declining price movement shows exhaustion of sellers.
✔️ Volume typically decreases as the wedge forms, indicating a breakout is coming.
✔️ Once price breaks out of the wedge, a strong bullish move often follows.
The key here is to wait for a breakout above the upper trendline, which will confirm the bullish momentum.
2️⃣ Double Bottom Formation at Support (Reversal Confirmation)
The price tested the 160.500 support level twice, forming a double bottom pattern. This is another bullish sign, as it indicates:
✔️ Buyers are actively defending this level.
✔️ There’s strong demand around this price zone.
✔️ If price breaks above the wedge resistance, it could trigger a significant rally.
🔹 Key Support & Resistance Levels
Identifying support and resistance is crucial for defining entry and exit points.
✅ Support Levels:
160.500 – Strong horizontal support (Price tested this twice).
158.982 – Stop-loss level (Below this, the bullish setup is invalid).
✅ Resistance Levels:
163.500 – Major resistance (Previous high and supply zone).
165.090 – Final target (Key breakout level).
If the price successfully breaks out of the wedge, it has room to rise significantly, with 163.500 as the first target and 165.090 as the ultimate goal.
🔹 Trade Setup & Execution Plan
🎯 Bullish Breakout Trade Strategy
Since this setup signals a potential reversal, here’s how traders can execute a high-probability trade:
🔹 Entry Points:
✅ Aggressive Entry: Enter as soon as price breaks above the wedge resistance.
✅ Conservative Entry: Wait for a breakout and a retest of the resistance-turned-support before entering.
🔹 Target Levels:
🎯 First target: 163.500 (Previous resistance level).
🎯 Final target: 165.090 (Major resistance zone).
🔹 Stop-Loss Placement:
❌ Place the stop loss below 158.982, as a break below this level would invalidate the bullish setup.
🔹 Risk-Reward Ratio & Trade Justification
📈 Why This Trade Has a High Potential Reward?
Low-risk, high-reward: The stop loss is tight, while the upside potential is large.
Confluence of bullish signals: Falling wedge + Double bottom + Strong support.
Institutional interest likely: Buyers are stepping in at key levels.
A proper risk-to-reward ratio (RRR) for this trade would be at least 1:3, meaning for every 1% risk, there’s a 3% profit potential. This makes it a great swing trading setup.
🔹 Market Psychology Behind the Setup
The falling wedge represents a market correction after a strong bullish trend.
The double bottom shows that sellers are exhausted and buyers are gaining control.
If price breaks out, many traders will enter, triggering a strong upward rally.
This bullish breakout setup aligns with the smart money concept, where institutions accumulate positions before a big move.
🔹 Final Thoughts & Trade Outlook
This EUR/JPY setup presents a high-probability trade opportunity with a bullish breakout scenario. The combination of:
✅ Falling Wedge Pattern (Bullish reversal)
✅ Double Bottom at Support (Buyers stepping in)
✅ Key Resistance Targets (Clear trade exit points)
…creates a great trading setup.
📌 Trading Plan Summary:
✔️ Buy on breakout above the falling wedge.
✔️ Target 163.500 & 165.090 for profits.
✔️ Stop-loss below 158.982 for risk management.
🚀 If executed correctly, this trade has the potential for strong bullish momentum. Would you like a real-time update once the price confirms the breakout? Let’s keep an eye on this trade! 📊🔥
EUR/JPY Trading Setup – Falling Wedge Breakout Potential1. Overview of the Market Structure
The EUR/JPY daily chart presents a falling wedge pattern, which is a classic bullish reversal setup. This pattern has been forming for several months, indicating that the price has been consolidating within a narrowing range. The falling wedge typically suggests that selling pressure is weakening, and a potential breakout to the upside could follow.
The chart also highlights key support and resistance zones, along with a well-defined trading setup based on technical confluences.
2. Key Technical Levels
Support Level: ~ 155.819 (Marked as Stop Loss)
This level has acted as strong support multiple times.
A break below this level would invalidate the bullish bias.
Resistance Level: ~ 163-164
The price has previously struggled to break above this region.
Currently, it is retesting this level after a breakout attempt.
Target Levels:
175.246 – This aligns with a previous all-time high zone and a strong resistance level.
179.562 – Marked as the ultimate target, indicating a full breakout potential.
3. Falling Wedge Formation & Breakout Analysis
A falling wedge is a bullish pattern that indicates a decrease in selling pressure over time.
The price has tested the lower trendline multiple times, showing strong demand at support.
Recently, the price broke above the upper wedge trendline, suggesting that a breakout is in progress.
However, the breakout needs confirmation in the form of a successful retest at the previous resistance level (~163-164).
4. Retest Confirmation & Trade Setup
Retest Scenario: If the price holds above the previous resistance and confirms it as support, the probability of continuation towards 175-179 increases.
Entry Strategy: A buy entry can be considered after a successful retest with bullish price action confirmation.
Stop-Loss Placement: Below 155.819 (previous strong support).
Risk-Reward Ratio: The target offers a strong risk-reward ratio if the breakout holds.
5. Market Sentiment & Volume Analysis
The previous downward move showed declining bearish momentum, further confirming the validity of the falling wedge.
A volume increase on the breakout would provide additional confirmation.
If the price consolidates near the breakout zone with low volatility, a strong move upward could follow.
Final Conclusion: Bullish Breakout in Progress
The falling wedge breakout suggests that EUR/JPY is poised for further upside.
A successful retest at 163-164 could push the price towards 175.246 and ultimately 179.562.
Risk management is crucial, and a stop-loss below 155.819 is recommended to avoid invalidation of the setup.
This setup presents a high-probability trading opportunity, but confirmation through price action and volume analysis remains key.
Key Trading Plan Summary:
📌 Pattern: Falling Wedge (Bullish)
📌 Breakout Confirmation: Yes, but retesting is ongoing
📌 Entry Point: Above 163-164 after successful retest
📌 Stop Loss: Below 155.819
📌 Target Levels: 175.246, then 179.562
📌 Risk-Reward: Favorable if breakout sustains
Would you like any refinements or a more concise version for your TradingView post? 🚀📈
EURJPY Breakout Analysis: Falling Wedge & Key LevelsChart Pattern Breakdown
The chart presents a 4-hour timeframe for EUR/JPY, revealing a strong technical setup with multiple key patterns in play. The price action has been forming a falling wedge, a bullish reversal pattern, followed by a breakout.
Falling Wedge Formation
A falling wedge pattern is characterized by a narrowing range, where both highs and lows trend downward but converge towards a breakout point. This setup indicates a loss of bearish momentum and the potential for a strong bullish move once the price breaks out.
The wedge began forming in early February, with price making lower highs and lower lows within the structure.
The support level remained stable, while the resistance trendline kept the price within a tightening range.
Around early March, the price successfully broke above the wedge resistance, confirming the bullish breakout.
Key Resistance & Support Levels
Resistance Level (Marked on the chart)
Around 163.500 - 164.000, where the price faced rejection multiple times.
The market tested this level but struggled to break through immediately, confirming its importance.
Support Level (Marked on the chart)
Around 158.500 - 159.000, acting as a strong demand zone.
This area provided multiple bounces before the final wedge breakout.
Current Price Action & Trading Setup
Breakout Confirmation: The price successfully broke the wedge and moved higher, testing the resistance zone.
Pullback & Retest: The market is currently pulling back, testing the recent breakout area. This could be an ideal entry point for a long trade.
Bullish Target: The next significant resistance is at 166.754, followed by an extended target at 166.938.
Trade Plan
✅ Long Entry: On a successful retest of support near 160.500 - 161.000
🎯 Target 1: 166.754
🎯 Target 2: 166.938
🔒 Sell Stop (Stop Loss): Below 158.918 to minimize risk
Conclusion
The EURJPY chart is showcasing a strong bullish setup with a confirmed falling wedge breakout. As long as price holds above the key support level, the market is likely to continue its bullish momentum towards the 166+ zone. Traders should watch for confirmations such as bullish candlestick patterns, volume surges, and trendline support before entering a long position.
🚀 Do you agree with this setup? Drop your thoughts in the comments! 🚀
eurjpy buy signal
Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
eurjpy buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
DeGRAM | EURJPY decline in the channelEURJPY is in a descending channel between the trend lines.
The price is moving from the upper boundary of the channel and dynamic resistance, which has previously acted as a point of decline.
The chart keeps the harmonic pattern relevant, as well as the descending structure.
We expect the decline to continue.
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
DeGRAM | EURJPY retest of trend lineEURJPY is above the descending channel between the trend lines.
The price broke the upper boundary of the channel, formed a harmonic pattern and approached the dynamic resistance.
The chart maintains the descending structure.
We expect the decline to continue after consolidation under the nearest support level.
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
EURJPY Bearish Breakout!
HI,Traders !
EUR-JPY broke the rising
Support line and the breakout
Is confirmed so we are
Bearish biased and we
Will be expecting a
Further move down !
Comment and subscribe to help us grow !
EURJPY - Expecting Retraces Before Prior Continuation HigherHi Traders, on March 12th I shared this "EURJPY Short Term Buy Idea"
We expected to see correction prior to the bullish continuation. You can read the full post using the link above.
Price is moving as per the plan!!!
Based on the current scenario my bullish view still remains the same here.
We have bearish divergence in play based on the moving averages and histogram of the MACD and I expect to see retraces now before further continuation higher.
If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.-
