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Eurjpylong

EUR/JPY Potential Bullish ContinuationEUR/JPY Potential Bullish Continuation 📈🔍 📊 Technical Overview: The EUR/JPY chart presents a bullish channel structure, indicating an overall upward trend. Price action respected the channel boundaries with multiple confirmations before the latest bearish correction. 🔹 Structure Highlights: 🔵 Ascending Channel: Price moved steadily within an upward-sloping channel. 🟠 Support Rebound: A strong bullish candle formed on June 20th after touching the lower boundary — a clear support confirmation. 🔴 Recent Rejection: On July 1st, price tested the upper channel resistance and faced rejection, forming a bearish engulfing candle. 🟫 Support Zone Marked: Around the 167.800 level, this zone has been tested multiple times, indicating a possible demand area. 🔁 Current Scenario: The pair has broken down from the internal trendline (light brown line) and is heading toward the support zone. A bullish bounce from this area may lead to a rally toward the Target Point at ~172.000 🎯. 📌 Key Levels: Support Zone: 167.600 – 168.000 Resistance Zone: 170.500 – 172.000 Current Price: 168.994 📈 Outlook: If support holds and bullish momentum returns, there's potential for a move toward the target area at the top of the channel. However, a break below the support zone could invalidate the bullish scenario and suggest a deeper correction. 🧠 Conclusion: Wait for bullish confirmation near support before considering long positions. A clean break and retest of the support zone could signal a continuation of the upward trend.
Long
by MrStellanSight
EURJPY - Looking To Sell Pullbacks In The Short TermM15 - Strong bearish move. Lower lows on the moving averages of the MACD. No opposite signs. Currently it looks like a pullback is happening. Expecting bearish continuation until the two Fibonacci resistance zones hold. 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! 🚀 --------------------------------------------------------------------------------------------------------------------
Short
by VladimirRibakov
The Correlation Between EURJPY and NASDAQ You Shouldn't IgnoreCurrently 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 🎥.
Long
by fxtraderanthony
EURJPYAs our followers may remember, we already secured a great profit on EURJPY. Now, we're once again waiting for price to revisit our key level — so we can potentially catch another high-probability setup. 📌 Always remember: The market is unpredictable. We're not here to predict — we're here to react, using technical analysis, clear setups, proper risk and trade management. ❌ If a level breaks, we don’t panic. ✅ Instead, we patiently wait for a pullback and take advantage of the next smart entry.
Long
by ForexCSP
EUR/JPY Analysis – Flag Breakout Signals Further UpsideHello Traders, It's been a while. I trust you are good. Kindly find below my analysis of EURJPY currency pair. Overview: EUR/JPY has been consolidating within a bullish flag pattern, characterized by lower highs and lower lows over the past few trading sessions. Price action has now broken above the flag’s resistance, indicating a possible continuation of the broader bullish trend. Idea: The breakout above the bullish flag suggests that bulls are regaining control. Price is currently hovering around 169.370, having just cleared the wedge’s resistance line. Key levels to monitor: 1. Support Zone: Around 169.200–169.300 2. Resistance Level: 169.699 Trade setup: Entry: On a successful breakout or break and retest of 169.200–169.300. Stop Loss: Below 168.816 (beneath the flag's support and recent swing low). Targets: TP1: 169.699, TP2: 170.000–170.200 Conclusion: EUR/JPY has broken out of a bullish flag pattern, signaling momentum shift in favor of buyers. If price sustains above the breakout zone or clears 169.699 resistance, we may see an extended rally toward the 170.000 mark. Trade with caution. Cheers and happy trading.
Long
by Samuel124
EURJPY: Buy The Dip Or Breakout ContinuationI'm looking to buy EJ... If price retraces early next week, monitor 167.40–167.70 zone for bullish reaction and confirmation. Wait for M15 bullish BOS after price taps 167.40–167.70. If confirmed, execute long entry from this discounted range. Entry: 167.40 – 167.70 Stop Loss: 167.10 TP1: 168.60 TP2: 169.20 TP3: 170 If price breaks and closes above 168.60, look for a retest for breakout continuation. Trigger: Break + H1 candle close above 168.60 Entry on Retest: 168.60 – 168.70 Stop Loss: 168.20 Target: 169.50 – 170.00 Invalidation: H4 structure break below 167.00 would weaken bullish outlook short term
Long
by Dynamic-Dani
EURJPY – The Sweep That Sparked the ShiftSometimes the cleanest moves start with discomfort. This EURJPY setup began with a sweep below the Previous Day’s Low (PDL), clearing out weak hands and gathering liquidity. That was our first clue. Then came the Break of Structure (BOS), a confirmation that the market had shifted bullish. Now will be waiting for price to retrace back to the FVG, where it found its footing and launched upward. Smart money cleared the lows, shifted structure . Stick to the process. Trust what the chart is telling you. Don’t chase, align.
Long
by J4mesWick
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EURJPY LONG FORECAST Q2 W25 D19 Y25EURJPY LONG FORECAST Q2 W25 D19 Y25 Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 👀 💡Here are some trade confluences📝 ✅Weekly 50 EMA ✅15' Order block identification ✅Daily Order block rejection ✅4H order block identification 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
EURJPY Long Opportunity EURJPY has Bullish market directionality and is currently on a retracement per the 4 hour charts. Potential entry location at 166,425 Bullish confluences include price trading above the 50 SMA, Bullish momentum from the RSI with the current indication of price sitting within the sweet spot region between 45-55 which signals the need of the retracement. Bullish market structure also present with Higher Low and respective Higher Highs 166,425 is also a break and retest zone which provides an extra layer of confluence from the 4 hour perspective, will be looking at how price action reacts to this level on the 1 hour/ 15min chart for a potential bullish signal.
Long
by Fides_Trading
EURJPY Long Position EURJPY is currently in a bullish trend from a higher timeframe perspective with the potential for a further long opportunity at the end of the current retracement. On the 1 hour timeframe, EURJPY is trading above the 50 SMA and is approaching the 55 zone of the RSI indicating the end of the retracement and continuation of the bullish trend. addition confluences include the breakout level at 166,566 being tested and the the bullish trendline at play... Will be looking for an entry at 166,566 with stop loss below structure, riding the bullish trend towards the 167,190 resistance zone.
Long
by Fides_Trading
EURJPY Breaks Out From Major Zone, Eyes Higher LevelsEURJPY Update, structure remains bullish The pair has officially broken above a key resistance zone, showing solid bullish intent. This breakout is even more meaningful when you look at how price has been consistently supported by the long-term rising trendline. Every time price touched this trendline, it bounced with strength — and this time is no different. The recent move suggests that buyers are firmly in control, and with the structure now pushing above resistance, momentum could continue to build. As long as EURJPY holds above this breakout zone, the path of least resistance is to the upside. DYOR, NFA
Long
by unichartz
EUR/JPY Short🎯 Trade Setup Plan 👇 Aggressive Entry (Riskier) Sell Limit: 164.90 SL: 165.90 TP1: 160.00 TP2: 157.00 TP3 (optional): 155.00 Use this only if you want to catch the wick, but recognize the higher chance of being swept. ✅ Conservative Entry (Recommended) Wait for a daily candle close under 162.00 after touching 164. That confirms rejection. Entry: On next day’s minor retest (e.g., 162.50–163.00) SL: 165.50 (above recent highs) TP1: 160.00 TP2: 157.00 TP3: 155.00 Risk: 1–2% depending on confirmation strength 📌 Optional Breakout Plan (In case resistance breaks cleanly) Buy Stop: 165.60 SL: 164.30 TP: 170.00 (weekly resistance) Use only if a strong daily close above 165 confirms breakout.
Short
by tradercat2025
EURJPY Long opportunity at 164.250EURJPY currently has bullish market directionality and is on a retracement from the 165.000 level toward the break and retest zone at 164.250. on the 4 hour timeframe price is trading above the 50 SMA and is in the Bullish RSI zone above 55 below 70. The 164.250 price points lays in the sweet spot between 45-55 in the RSI which signals the potential end of the retracement and pivot back towards the bullish momentum. Looking to ride this long position back towards the 165.000 resistance level.
Long
by Fides_Trading