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EURJPY trade ideas

EURJPY → False breakout of strong resistance at 164.FX:EURJPY rallies on news and reaches an important milestone. The liquidity pool formed above 164.00 may prevent the price from rising. There is a high chance of a false breakout. Against the backdrop of the dollar's growth caused by PMI news, the currency pair is forming a retest of the key resistance level of 164.188 as part of a consolidation distribution and, with no possibility of continuing its growth, is making a false breakout. Consolidation in the sell zone (below 164.188) will trigger a reversal and a fall. Overall, the situation is neutral, with the market in a sideways range, and a false breakout could lead to a correction or reversal of the local trend. Resistance levels: 164.188 Support levels: 163.17, 162.57 The formation of a reversal pattern relative to resistance and price consolidation below the level could give a good signal for a reversal. Best regards, R. Linda!
Short
by RLinda
4
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
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
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
EUR/JPY BEARS ARE STRONG HERE|SHORT Hello, Friends! We are going short on the EUR/JPY with the target of 159.106 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1