EURJPY: Another Bullish pattern pushing EURJPY to 173 EURJPY: Another Bullish pattern pushing EURJPY to 173
Yesterday, EURJPY confirmed a bullish triangle pattern during the opening of the U.S. market.
EURJPY has already reached 170.60 and is coming back for a retest of the broken resistance before moving higher again.
It's a complex situation,
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.
Related currencies
EURJPY is rising to 173 for a bearish and larger pattern.EURJPY is rising to 173 for a bearish and larger pattern.
Since the beginning of March 2025, EURJPY started an uptrend and is still rising in a clear way with no signs of reversal.
As long as the BOJ has no plans to change its monetary policy statement or make any significant interventions in For
EURJPY Will Go Lower! Sell!
Please, check our technical outlook for EURJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 170.636.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a
EUR/JPY – Morning Star Reversal with RSI/MA Bullish ConfirmationTechnical Snapshot (1H Timeframe):
✅ Morning Star pattern at key support/resistance zone (169.90–170.00), indicating potential bullish reversal.
📈 Price holds above 55 EMA, confirming structure support and sustained uptrend.
💥 MACD Bullish Crossover signaling renewed upward momentum.
🔄 RSI cross
EURJPY: Bullish Outlook Explained 🇪🇺🇯🇵
There is a high chance that EURJPY will continue rising
from an underlined horizontal support.
I see 2 strong price action confirmations:
the price violated a resistance line of a bullish flag
and a neckline of a double bottom pattern.
Goal - 170.4
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Displays a symbol's price movements over previous years to identify recurring trends.
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.
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