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EURJPY trade ideas

+300/+500 pips EURJPY Swing Trade Setup H4 TF🏆 EURJPY Market Update H4 chart 📊 Technical Outlook 🔸trading in well defined range 🔸Short-term: BULLS final pump 🔸Mid-term: BEARS 158.00 🔸Status: REVERSAL from S/R 🔸163.50/165.00 heavy resistances 🔸158.00/156.00 key s/r zones below 🔸Price Target Bears: 158 🔸Price Target BULLS: 1140/1160 🔸strategy: SHORT SELL 163.50 🔸SL 75 pips TP1 +300 pips TP2 +500 pips 🔸swing trade setup for patient traders 📊 Forex Market Update (April 23, 2025) 🇪🇺 EUR/USD 📉 Price: ~1.1380 💪 Pressure from strong USD 🔻 Weak German PMI; ECB may cut rates ⚠️ Key Levels: Support 1.1300 | Resistance 1.1400 🇬🇧 GBP/USD 📉 Price: ~1.3300 (Down from 7-month high at 1.3424) 🇺🇸 USD rebound on Trump's comments 🏦 Market cautious on BoE policy ⚠️ Key Levels: Support 1.3280 | Resistance 1.3420 🇺🇸 DXY (US Dollar Index) 📈 Price: 99.18 (Recovering from recent low 97.92) 🗣️ Boosted by Trump reassurance on Fed leadership ⚠️ Remains pressured by trade tensions & Fed concerns 📌 Key Levels: Support 95, 90 | Resistance 101, 107 🔔 Market Volatility Alert: Watch for geopolitical updates & central bank news closely!
Short
by ProjectSyndicate
20
EURJPY – Technical Outlook & Strategic Perspective (Apr 29 – May 📊 EURJPY Over the recent sessions, I’ve identified an interesting structure forming on the **EUR/JPY** pair, pointing to a potential **short-term bullish move** over the next **2 to 3 days** before a possible trend reversal starts to materialize. My bias is based primarily on the **presence of Fair Value Gaps (FVGs)** that have yet to be filled. These imbalances suggest the market may seek to revisit these zones to balance liquidity. Additionally, there are clear signs of buyer defense in a sensitive price region, reinforcing the thesis of a **technical recovery** before any long-term directional decision. 🧠 : - Support zone respected after selling pressure eased. - FVGs identified in alignment with a potential pullback structure. - Expectation of a bullish move toward upper liquidity zones, with partial TPs set near **162.546** and extended targets around **163.770/163.776**. 🎯 **Plan:** - Entry already triggered upon confirmation. - Stop-loss safely placed below recent swing low (161.770). - Take Profits aligned with FVGs and a risk-to-reward ratio of over 1:2. 🔎 *Strategic Note:* Once these value zones are filled, I’ll be closely monitoring for **Change of Character (CHOCH)** signals that could confirm the start of a new cycle on the pair. For now, my focus is on **gap-filling and market equilibrium** before any long-term directional play. 📍Posted by: Emerson Massawe Trader | Strategist | COO of Rodaviva | CEO of Xerof Capital
Long
by Lordemerson
2
EurJpy- Ready to rise at 166?Since mid-March, EURJPY has been in a consolidation phase. Except for the early April spike down, the pair has respected a pretty clear range between the 161.00 support and the 163.30 resistance. Now, however, EURJPY looks ready to break to the upside. A sustained price above 163.30 would confirm this breakout and open the door for bullish momentum. 🔍 My strategy: I’m looking to buy dips, ideally around the 162.50 area. If the price drops and breaks below 161, that would invalidate the setup. On the upside, the first major target is the 166.00 resistance zone. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
Elite Validity Check | EUR/JPY 🔖 Header Current Price & Spread** | **162.176 / 162.20 | **Timestamp (EST)** | 2025-04-29 01:20 | | **Risk-Level Tag** | **Medium-High** – trading near yearly highs ahead of key EUR data | | **Bias Checklist** | HTF trend ✅ | confluence ✅ | fundamentals ⚠️ | | **Confidence Label** | **Technical High / Event-Risk Medium → Overall High** | --- ### 1️⃣ Technical Outlook * **Multi-TF Trend (W1/D1/H4)** – **Bullish** (higher highs since Nov-24). Price pressing the 2025 top-of-range.​ ( [EUR JPY Chart – Euro Yen Rate - * **Structure & Liquidity** – * **Support**: 161.60-161.30 (H4 OB + prior swing). * **Resistance**: 162.80 (Feb-25 high) → next liquidity **163.70-164.00** (2024 peak) ( * **Momentum Scan** – Weekly RSI 68 (near overbought); Daily MACD positive but histogram flattening (momentum pause). ( * **Volume** – Monday’s EU session candle closed 22 % above its 20-day avg tick volume (breakout confirmation). ( [EUR/JPY slips below 163.00 as trade-related uncertainties benefit --- ### 2️⃣ Primary Alert Zones | Zone | Price | Type | Setup Idea 📝 | |---|---|---|---| | **Pullback Demand** | **161.60-161.30** | H4 OB + 50 DMA | M15 bullish engulf + > 20 % vol | | **Breakout Supply** | **162.80-163.00** | Feb swing-high | Scale-out / watch false-break | --- ### 3️⃣ Indicators Snapshot | Metric | Value | Read-out | |---|---|---| | RSI (H4) | 64 | bullish but near hot zone | | MACD (D1) | >0, hist ↓ | waning momentum | | ATR 14 (1 h) | **≈ 21 pips** (7-day avg) | IG Sentiment | **~62 % short** (contrarian bullish) --- ### 4️⃣ Fundamental & Sentiment Radar * **Tue 02:00** – German CPI flash (EUR). * **Tue 05:00** – EZ flash GDP & HICP. * **Thu Japan** – Tokyo CPI (early BoJ inflation gauge). * **BoJ Outlook** – Next policy mtg ≙ Jun 13; officials jawboning JPY strength → risk of verbal intervention. * **COT (22 Apr)** – Funds **net-long EUR / net-short JPY** → structural tail-wind. (
Long
by wojoforex
2
EURJPY Long 4/29/2025EUR/JPY Long – Weekly Bullish Engulfing + Double Bottom Off Demand Zone Looking to go long EUR/JPY after a clean correction into demand and signs of higher timeframe bullish continuation. Weekly Chart: Last week printed a bullish engulfing candle that slightly broke out of the previous supply zone, suggesting early-stage trend continuation. While we opened this week with a sharp sell-off (around 170 pips from the highs), price action shows it was corrective, not impulsive. 4H Chart: Price is setting up a Morning Star formation — two hours away from confirmation. If completed, it would signal a bullish reversal right off a critical structure zone. 1H Chart: A double bottom is forming off a predetermined 1H demand zone — a key liquidity pocket I’ve been tracking. Recent hourly candle gapped up, further suggesting buyers are starting to step in after soaking up sell-side pressure. Trade Thesis: Expecting a bullish reaction from demand and a retest of the previous highs. This correction appears technical rather than fundamental — no steamy downside momentum despite the initial slide. Risk-Reward Profile: Target: Retest of the highs R:R: 1:3.5 Stop: Below the double bottom structure This setup blends clean structure with a higher timeframe bullish bias — looking for a continuation leg if momentum holds.
Long
by Big6Financial
EUR/JPY for JPY Strength into BoJEUR/JPY has held resistance at a familiar spot on the chart, from the 163.00 level up to 163.38. This has been the same resistance that's held in the pair for the past seven weeks and for those looking for JPY-strength around tonight's BoJ rate decision, this can be an attractive venue. USD/JPY would have the complication of the 140.00 level which has been major support but for EUR/JPY, the broader context here remains digestion, with a descending triangle formation holding on the weekly chart. Key support for the formation is at 155.00 and logically the 160.00 level looms large for downside setups as that price held a pensive series of tests earlier in April. - js
by FOREXcom
Bearish Outlook on EurjpyA bearish outlook on EUR/JPY (Euro/Japanese Yen) typically stems from either Euro weakness, Yen strength, or a combination of both. Here are several current or general themes that could support a bearish bias: 1. Risk-Off Sentiment (Yen Strength) The Japanese Yen is a safe-haven currency, which tends to strengthen during global risk aversion (e.g., geopolitical tensions, stock market declines, or economic uncertainty). If equities fall or global sentiment sours, JPY demand can rise, pushing EUR/JPY lower. 2. ECB Dovishness (Euro Weakness) If the European Central Bank (ECB) signals or enacts rate cuts, this weakens the Euro. For instance, recent soft Eurozone inflation or poor economic data may prompt ECB easing, lowering EUR/JPY. 3. BOJ Policy Normalization (JPY Strength) If the Bank of Japan (BOJ) continues shifting away from ultra-loose monetary policy (e.g., exiting negative rates, allowing JGB yields to rise), this could strengthen the Yen. Any hawkish surprise from the BOJ is typically JPY-positive. 4. Technical Setup On the charts, if EUR/JPY is failing at resistance (e.g., near a long-term high or a fib retracement), or showing bearish divergence on RSI/MACD, it could signal a top. A break below key support zones (e.g., 160.00 or 158.00) might accelerate downside momentum. 5. Positioning and Sentiment If traders are heavily long EUR/JPY (crowded trade), a reversal or sharp correction is more likely if sentiment shifts.
Short
by Billionaire36
EUR/JPY Key Res TestEUR/JPY has been digesting for the better part of the past nine months. While both Euro and USD strength have been on full display in varying ways over that period of time, each currency has been a bit more balanced against the Japanese Yen. The range has been wide at more than 800 pips but there's also a descending triangle that's set up along the way, with lower-highs around the 163.38 Fibonacci level and horizontal support around the 155.00 handle. For those looking for Yen-strength, this may be a more attractive venue than USD/JPY at the moment, with USD/JPY holding below the key 145.00 psychological level. - js
by FOREXcom
EURJPY Short Term Buy Idea Update!!!Hi Traders, on March 27th I shared this idea "EURJPY - Expecting The Price To Bounce Higher Further" Expected bullish continuation higher until the two Fibonacci support zones hold. You can read the full post using the link above. Price moved as per the plan here!!! Price respected the second Fibonacci support zone and bounced 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! 🚀 -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VladimirRibakov
EURJPY 4H Chart: Breakout or Reversal? My Full Plan Inside! 📈 EURJPY 4H Chart - My Trading Plan In the EURJPY 4-hour chart, I observe that the trend is moving higher, clearly visible when connecting the recent highs and lows with a manual zigzag line. A critical zone is forming around the Double Top near 164.00 , which also acts as a strong supply area. This is the major challenge ahead: for the bullish trend to continue, price must break and hold above this 164.00 resistance. However, based on the current momentum, I believe the bulls have enough strength to push beyond this level. 🛡️ Role of Support Line I have drawn the support line to highlight a potential reversal zone. If the price fails to break and sustain above 164.00 and instead drops below the support area, it will signal that the double top resistance has held strong, and a deeper pullback could follow. 📊 RSI - Crucial Momentum Signal The RSI remains above the 50 line and has not dipped below the 30 oversold level since it last touched the 70 overbought zone on March 5th. This ongoing bullish momentum in RSI supports the idea of a continued uptrend. 🔢 Fibonacci Levels - Target Zones I have drawn the Fibonacci extension from the recent swing low to high. If the bullish continuation unfolds, my next key upside targets are: - 165.350 (1.618 Fib) — Expect 1 - 166.368 (2.0 Fib) — Expect 2 🧠 Plan B - What If I'm Wrong? If the price fails to break 164.00 convincingly and then breaks below the support line , I will prepare for a reversal trade. In that case, I plan to double or even increase my lot size to recover any prior losses. Although this is a higher-risk approach, I have confidence in my strategy. Let’s trade with discipline and manage risks properly. Let's begin! 🚀
Long
by ClearTradingMind
EURJPY Short 4/25/2025EUR/JPY Short – 4th Rejection from Key Supply Zone + Bearish Engulfing Into Range Looking for a short setup on EUR/JPY after a clean multi-timeframe rejection from the upper boundary of a well-respected zone. Daily Chart: Price has tested this trendline resistance zone four times this week — failing each time. Today’s rejection at 163.151 marks the 4th consecutive denial of higher ground. Structurally, this is shaping up as a textbook range trade. 4H Chart: The latest 4-hour candle printed a sharp doji right at the supply zone — a strong indecision signal that often precedes reversal. Friday flows are light, so it’s likely a final tap before the weekend. 1H Chart: Price respected the zone all London session. We now see several wick rejections, followed by a bearish engulfing candle on the most recent hourly close — confirming seller presence. News Context: No major upcoming data. Tokyo CPI dropped during Asia session and came in strong — that could lend strength to the yen and support downside momentum from here. Target: Looking for a move down to the bottom of the range near 161.142 Entry: Near 163.151 Stop: Above supply Target: 1:3.69 R:R Note: Could take time to play out — likely into next week if not into New York session follow-through. This is a clean supply rejection play with a well-defined range and no macro news in the way.
Short
by Big6Financial