EURJPY - Look for Short (SWING) 1:XX!It’s been a while since I last shared a trading idea — here’s one for you.
EURJPY has spent the past few weeks in an accumulation phase and now looks poised to shift into a distribution phase to the downside. Let’s see how it unfolds.
Disclaimer:
This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Eurjpyshort
DAILY HOT PICK EURJPY LONG FORECAST Q2 W21 D20 Y25DAILY HOT PICK
FX:EURJPY
EURJPY LONG FORECAST Q2 W21 D20 Y25
GOOD MORNIG EJ, Due to higher time frame nothing-ness, the pair has been somewhat neglected BUT, We are starting so see some charting action within the lower time frame that excited pattern recognition.
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📝
✅HTF 50 EMA
✅Intraday 15' order block
✅Tokyo ranges to be filled
🔑 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
EURJPY - Breakdown Confirmation Toward Bearish ContinuationEURJPY has broken below the ascending trendline and is now trading under the key structure at **164.331**. The price appears to be forming a lower high before potentially continuing its downward move. As long as price stays below the **165.545** invalidation level, the bearish bias remains intact, with a projected target around **160.000**.
**Key Levels:**
- **Resistance (Invalid Level):** 165.545
- **Structure Break:** 164.331
- **Bearish Target:** ~160.000
**Outlook:**
Bearish continuation likely as long as price remains under resistance.
**Disclaimer:**
This is not financial advice. Trade at your own risk and always use proper risk management.
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.
EURJPY hit TP within 16 minutes.Yes! I love the EUR :) The signal I shared just moments ago has reached Take Profit. You can still wait for the other TP levels to be hit. That’s enough for today.
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EURJPY SellLadies and gentlemen, I’ve activated a sell position on EURJPY. The TP level looks quite promising. As shown on the chart, there are 4 different TP levels — feel free to adjust your trade accordingly. I’ll personally be setting my position with a 1:2.50 Risk-Reward Ratio.
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Mid Term Short on EURJPYIn the short term, I predict a bounce back to the trendline as we sweep some liquidity around this current location. If/When we break the 155 support, we will hit a minimum of 140 and even lower.
This is an idea. If you agree with the fundamentals of the chart you can follow my trade.
Short-term target with price reversal from 1.55
Target 1 - 159
Target 2 - 161.500 (I will look for a reversal and short from this location)
Price target with price breaking below 1.55 support zone
Short Term Target - 140
Mid Term Target - 135
EURJPY: Short Setup with Target Zones in FocusEURJPY outlines a clear W-X-Y corrective pattern. Wave (W) ended at 161.297 , followed by an upward corrective move in Wave (X), which topped at 162.665 with a classic ABC formation.
Currently, the price is hovering around 162.084, likely forming Wave B of the final Y leg. A brief move higher could complete this B wave before the pair resumes its decline toward the 160.922–160.680 area, which marks the projected end of Wave C of (Y).
The broader correction is framed by two descending blue trendlines, providing dynamic resistance and support, while a short-term red ascending trendline is currently holding the price action but may soon give way. If the price stalls or rejects around the 162.3–162.5 zone, it could signal the start of the next leg down, making it a potential setup for short positions. After the reversal from Wave Y, potential upside targets are 161.600, 162.500 , and 163.100 .
We will update it soon!
EURJPY is in the Sell Trend after testing Lower HighHello Traders
In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET
today CADJPY analysis 👆
🟢This Chart includes_ (EURJPY market update)
🟢What is The Next Opportunity on EURJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Setup of the Week: EURJPY Long Toward LiquidityI'm currently watching EURJPY for a potential long setup. Price is showing signs of bullish structure, and there’s a clean upside target sitting at 164.20, where equal highs rest on the weekly chart. That level also ends in a .20—an institutional number often used for stop placement—which adds confluence that price may be drawn toward it.
Why I'm Bullish
The Euro is showing strength across the board this week, supporting directional alignment.
Structure is starting to build bullish pressure, especially as price grinds upward toward liquidity.
We have weekly equal highs at 164.20, which is a clear magnet. (zoom out)
This setup is pretty straightforward: I’m anticipating that price wants to make a move toward those untouched highs. No extra complexity needed.
Recent Price Action
Looking at structure from April 9th:
Price sold off, took out a daily low, and then reversed sharply—classic manipulation and reclaim. The idea is that smart money will need to close those sell orders out if price returns to that zone.
The April 9th move down into 160 created what I believe is an institutional footprint.
This move took out liquidity, reversed hard, and left behind a zone I expect to be defended.
On Sunday’s weekly open, price quickly ran last week’s high, then reversed hard during the Tokyo session—a likely short-term trap. This tells me we might see some short-term bearish pressure before a larger move up, which is fine since I want price to return to the institutional buy zone around 160.00–160.30.
📍 Key Levels
Buy Zone: 160.00–160.30
This is where volume flooded in to drive the initial bullish manipulation move. If price returns, I expect heavy buying interest to step in.
Trap Confirmation: 162.80
During London open today, price ran a low, then reclaimed a high, and retested 162.80—another institutional level (ends in .80). That area acted as a trap and likely marked the start of the move down. We should see price stay under this move for this idea to work.
Target: 164.20
That’s the weekly equal high. Liquidity sits above there. If we return to the buy zone and bulls step in, I’ll be looking to ride the move up into that level.
Summary
I’m looking to long EURJPY on a retracement into 160.00–160.30, ideally after a stop hunt or false breakdown into that zone. The goal is to ride the volume push up toward the weekly target of 164.20, where stops likely sit from early sellers who might take a trendline break trade. If price respects the London trap at 162.80 and moves lower, I’ll be watching closely for reaction and confirmation in the buy zone.
Let me know your thoughts below or if you're watching the same levels.
EUR/JPY Bullish Reversal Setup – Entry, Stop Loss & Target StratEMA (30) - Red Line (160.596): Short-term trend.
EMA (200) - Blue Line (161.267): Long-term trend, currently above the 30 EMA indicating a bearish macro trend.
2. Entry Zone:
Marked in purple between 159.751 and 160.161, suggesting a buy (long) opportunity if price retests this demand/support zone.
3. Stop Loss:
Set just below the entry zone at 158.907, protecting against deeper bearish momentum.
4. Target Zone:
163.025 is the profit target, with a purple rectangle showing a resistance/supply zone around that level.
5. Price Action:
The price is currently consolidating near the ent
EUR/JPY Bullish Breakout Setup with 2.02% Target PotentialEMA 30 (red): 160.813
EMA 200 (blue): 161.441
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Highlighted Zones & Points:
1. Entry Point:
Marked around 160.719 (just below EMA 30)
Positioned in a demand/support zone (highlighted purple box)
2. Resistance Point:
Marked at 161.799
Serves as a minor resistance level before the major target
3. EA Target Point:
Final target is 163.880
This represents a potential move of 3.253 units or 2.02%
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Interpretation:
Bullish Bias: The chart suggests a bullish setup, anticipating a breakout above EMA 200 and the resistance point toward the target of 163…
EUR/JPY – Bearish Setup with Elliott Wave AnalysisThis EUR/JPY daily chart shows an Elliott Wave analysis, suggesting a possible bearish continuation. The current wave structure indicates the pair is moving through the final phase of a five-wave impulsive sequence.
The market has completed three waves of a larger impulsive cycle, with Wave (4)
The price movement between Wave (2) and Wave (4) shows a pause or slowdown after going up. This means the buyers are losing strength, and the price may soon start to fall
If the price gets rejected near 162.900 , it could confirm further downside.
If it breaks below the 159.674 level, it may speed up the decline, with a possible target around 155.526 level.
EURJPY on the Edge of Collapse: Ready for the Drop? Hi Traders ! The price has formed a Head and Shoulders (H&S) pattern on the daily (1D) chart and is approaching the neckline. If it breaks this level with strong momentum, we could see a significant decline, targeting the 135.000 - 140.000 zone.
Key Levels:
✅ Confirmation: Clear break of the trendline.
❌ Stop-loss: Above the right shoulder 165.000.
🎯 Bearish target: 135.000 - 140.000.
We’ll wait for confirmation before taking action. Stay tuned!
Disclaimer: This is not financial advice. Do your own research before making any trading decisions.
EURJPY: Selling Pressure Likely in the 162.723-163.434 ZoneHello Traders,
I trust you're doing well. It’s been a while!
Since March 18th, the EUR has been in a corrective pullback, and I anticipate further downside movement to complete Wave 4 of the correction. However, this afternoon, we witnessed an unexpected surge in the EUR pairs, driven by the EU’s emergency plan to shield its economy from U.S. tariffs. Despite this rally, I believe it may be short-lived.
EURJPY has reached a significant resistance zone where sellers could potentially push prices lower. Another key resistance level within this zone, where I believe sellers', activities are great, is last week’s high at 163.353. A confirmed break below 162.723 would strengthen the bearish outlook, with potential downside targets at 161.914 , 161.114 , 160.750 , and 160.350 , respectively. However, a breakout above 163.444 would invalidate this bearish.
Cheers and happy trading.
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! 👇