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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 BULLISH OR BEARISH DETAILED ANALYSIS ??EURJPY is currently trading around 162.800 and showing clear bullish momentum after a clean bounce off a strong support zone. Price has been consolidating above a well-established demand area, and today's candle confirms renewed buyer interest. The reaction from this level highlights a potential shift back to the upside, with 169.000 marked as the next significant target. The rejection wicks and structure suggest accumulation, with the market gearing up for a bullish continuation. From a fundamental perspective, the euro is gaining strength on the back of better-than-expected economic data across the eurozone, while the Japanese yen continues to face broad pressure due to the Bank of Japan's dovish stance. The BOJ remains committed to ultra-loose monetary policy, which puts the yen at a disadvantage against stronger currencies like the euro, especially when inflation expectations in Europe remain sticky. Technically, EURJPY has respected this support zone multiple times, creating a solid base of demand. Each test has been met with higher lows, reinforcing the bullish bias. The price action is forming a classic support-retest continuation pattern, and if this structure holds, we could see a swift move toward 169.000. Volume and momentum indicators are also beginning to align in favor of the bulls. Looking forward, as long as price holds above the 162.200 area, the path of least resistance remains upward. Traders will be watching for continuation signals and breakouts of minor resistance zones to confirm the move. This setup offers a favorable risk-reward structure, and with market sentiment tilting toward euro strength, EURJPY has the potential to deliver solid gains in the coming sessions.
Long
by AndrewsMarket-Mastery
2
Could the price bounce from here?EUR/JPY is reacting offf the pivot and could bounce to the 1st resistance that lines up with the 50% Fibonacci retracement. Pivot: 162.59 1st Support: 161.78 1st Resistance: 163.62 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
EURJPY Technical Analysis! BUY! My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 162.05 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 162.84 Safe Stop Loss - 161.61 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
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
EUR/JPY LONG FROM SUPPORT Hello, Friends! EUR/JPY is making a bearish pullback on the 3H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 163.264 level. 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✅
Long
by EliteTradingSignals
1
EURJPY Technical & Order Flow Analysis (Potential Breakout)Our analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view, the price will rise to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please note that this is a prediction, and I have no reason to act on it, and neither should you. Please support our analysis with a boost or comment!
Long
by dkb14246
1
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 – 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 Rejecting Premium FVG | Smart Money Trap in Play!"EURJPY Analysis 🧠 | 15M Timeframe Price has tapped into the Premium Area, reacting off a high-probability Fair Value Gap (FVG) and Order Block confluence. Signs of rejection are starting to show, but momentum wasn't strong enough to push lower before hitting breakeven. Key Observations: Price aggressively tapped the Premium zone (around 79% retracement). Reaction from the embedded Fair Value Gap inside the premium zone. Possible minor liquidity sweep above recent highs (Strong High marked). Discounted zone below remains wide open as a potential future target. 🧠 Smart Money Concept Insight: Big players often drive price into a Premium Area, triggering breakout trades and trapping liquidity. After the liquidity is harvested, price tends to rebalance into the Discount Area. Today, price showed initial bearish reaction but lacked immediate continuation strength — resulting in breakeven protection hit. Current Trading Plan: Continue monitoring EURJPY for renewed bearish order flow signs. TP1 (if re-entry occurs): Mid Discount Area TP2: Weak Low liquidity sweep below SL (for any re-entries): Above Strong High Remember: 📚 Premium = Look for Sell Opportunities 📚 Discount = Look for Buy Opportunities Stay patient, protect your capital, and wait for price to confirm the next move. 📉 Focus on Smart Money footprints, not emotions.
Short
by ChartNinjas88
EURJPYEUR/JPY Rate Differential and Fundamental Outlook for May 2025 Interest Rate Differential ECB Main Refinancing Rate: 2.40% (after a 25 bps cut in April 2025). BoJ Policy Rate: 0.50% (held steady in May 2025). Rate Differential: 1.90 percentage points (EUR yield advantage). This gap supports EUR/JPY upside, but the ECB’s easing bias and BoJ’s cautious stance suggest potential narrowing later in 2025. Key May 2025 Fundamental Drivers Eurozone (EUR) GDP Growth: Eurozone GDP grew 0.4% QoQ in Q1 2025, with Germany expanding 0.2%. Resilient growth reduces urgency for aggressive ECB easing but does not halt the dovish trajectory. ECB Policy Outlook: Markets price in a 25 bps ECB rate cut in June, with further easing expected in 2025. ECB remains data-dependent amid trade tensions and moderating inflation (2.1% in Germany, 0.8% in France). Japan (JPY) BoJ Policy Stagnation: BoJ kept rates at 0.50% in May, citing risks from U.S. tariffs and downgrading 2025 GDP growth to 0.5%. Core CPI forecasts trimmed to 2.2% for 2025 and 1.7% for 2026, delaying hawkish shifts. Trade War Risks: U.S.-China trade de-escalation optimism reduces JPY’s safe-haven appeal, but Japan’s export reliance keeps growth vulnerable. Global Factors Risk Sentiment: Easing U.S.-China tensions favor risk-on flows, weakening JPY. Fed Policy: Delayed Fed cuts (4.50% rate) bolster USD, indirectly pressuring EUR/JPY via EUR/USD dynamics ECB Rate Cuts (Expected) Bearish for EUR (narrows rate gap) BoJ Dovish Hold Limits JPY strength, supports EUR/JPY upside Eurozone Growth Resilience Mild EUR support, delays aggressive ECB easing Trade Optimism Risk-on sentiment weakens JPY, bullish for EUR/JPY Japan’s Growth Downgrade JPY weakness on economic concerns Base Case: EUR/JPY likely trades with a moderate bullish bias in May, supported by The still-significant rate differential (1.90%). Risk-on flows amid trade de-escalation. BoJ’s growth and inflation downgrades limiting JPY strength. Downside Risks: Surprise ECB dovish rhetoric or faster-than-expected rate cuts. Escalation in U.S.-Japan/EU trade tensions reviving JPY safe-haven demand. Summary The 1.90% rate differential and improving risk sentiment favor EUR/JPY gains in May, but the ECB’s easing trajectory and Japan’s structural challenges create volatility. Traders should monitor: ECB June Policy Signals (potential 25 bps cut). Eurozone Inflation Data (May 30–31). BoJ Rhetoric on tariffs and growth. While near-term upside persists, the pair’s longer-term outlook remains bearish as ECB cuts erode the rate advantage.
Short
by Shavyfxhub