EURJPY Analysis: Range Bounces & BreakoutHello traders!
EURJPY is in a daily range and is offering three trading scenarios.
The first scenario suggests the pair may react bearishly from the currently approached zone, setting up a bounce opportunity that could drive price lower toward the 162.130 area.
The second scenario anticipates a
About Euro / Japanese Yen
The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings. Volatility may be found in news related to the Eurozone debt crisis and from the Bank of Japan’s anti-deflation policy efforts introduced in 2013.
EUR/JPY Long Setup – Bullish Reversal from Key Support Zone Entry Point: 162.227
Stop Loss: 161.629
Take Profit (Target): 166.778
Current Price: ~162.798
Risk/Reward Ratio:
Risk: ~60 pips
Reward: ~455 pips
Risk/Reward ≈ 1:7.6 (strong setup)
🔍 Technical Insights
Support Zone:
The purple rectangle around 162.227 to 162.000 is identified as a key deman
EURJPY suggests a potential bearish moveEURJPY suggests a potential bearish move.
The price has been moving within an ascending channel
A downward-sloping trend line indicates a possible break below the channel.
If the price continues to drop, it may reach 163.300 ,162.500 and 162, which are marked as support levels.
The BOJ is pro
EURJPY → Storming the resistance. Ready for the rallyFX:EURJPY is rising amid a stronger dollar and positive news about the de-escalation of the trade war. The currency pair is storming the resistance of the range.
The currency pair is forming a retest of resistance. A breakout and consolidation above 164.19 - 164.50 could support the market ami
EURJPY SELL TRADETop-down analysis
- Weekly timeframe indicates a ranging market with price at a major resistance
- Last Daily candle was bearish below the major resistance
- Price has tested major resistance and formed a lower low
- Inverse pinbar (bearish) formed followed by a Bearish Engulfing on H1 which was sig
EUR/JPY Bearish Pin Bar After Failed Run at 165.00If looking for Yen-strength, EUR/JPY makes for a compelling argument especially against USD/JPY and GBP/JPY.
the pair is spending its ninth consecutive week showing resistance at the 163.00-163.38 zone and this week, bulls had an open door to run a breakout until they got caught at the 165.00 hand
EURJPY Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 164.33
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 163.45
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Frequently Asked Questions
The value of the EURJPY pair is quoted as 1 EUR per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 EUR.
EURJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.