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EURJPY trade ideas

EUR/JPY Technical AnalysisTrendline Breakout: EUR/JPY has broken a long-standing descending trendline, which previously acted as dynamic resistance, pushing the price lower. The breakout indicates a potential trend reversal from bearish to bullish. Retesting Support Zone: After the breakout, the price has retraced back to a key support zone around 156.000, highlighted in purple. This area has previously acted as a strong demand zone, where buyers have stepped in multiple times. Retesting this zone is a natural price action movement before confirming further upside momentum. Bullish Projection: If the support at 156.000 holds, EUR/JPY is expected to resume its bullish movement towards key resistance levels at 158.000 and ultimately 160.000. These levels align with previous price reaction zones, making them crucial take-profit areas for buyers.
Long
by Pipsview_Analysis
Mid Term Short on EURJPYIn the short term, I predict a bounce back to the trendline as we sweep some liquidity around this current location. If/When we break the 155 support, we will hit a minimum of 140 and even lower. This is an idea. If you agree with the fundamentals of the chart you can follow my trade. Short-term target with price reversal from 1.55 Target 1 - 159 Target 2 - 161.500 (I will look for a reversal and short from this location) Price target with price breaking below 1.55 support zone Short Term Target - 140 Mid Term Target - 135
Short
by SuperiorJG
EURJPY 4h Falling Wedge EUR/JPY – 4H Chart Analysis (March 6, 2025) 1. Market Structure & Trend Analysis Falling Wedge Breakout: Price was previously in a descending channel, forming a falling wedge pattern, which is a bullish reversal signal. Strong Breakout & Momentum: The breakout led to a sharp rally, confirming bullish intent. Retest of 159.87: Price is currently retesting the 159.87 support zone, which was a previous resistance level. 2. RSI & Momentum Analysis RSI at 63.92: Indicates strong bullish momentum but not overbought yet. Healthy Pullback: The RSI shows a minor retracement, suggesting that price may be stabilizing before another push higher. 3. Key Levels to Watch Support: 159.87 (Current retest level; previous resistance turned support) 156.38 (Major support below if price breaks down) Resistance: 160.50 - 161.00 (Current local resistance zone) 162.00+ (Next major resistance if the uptrend continues) 4. Potential Trade Scenarios 📈 Bullish Scenario (Higher Probability) If 159.87 holds as support, price could continue the uptrend towards 161.00+. Long Setup: Entry: 159.80 - 160.00 (on confirmation of support hold) Stop-loss: Below 159.50 Target: 161.00, then 162.00 📉 Bearish Scenario (Lower Probability) If price fails to hold above 159.87, we could see a deeper retracement toward 156.38. Short Setup: Entry: Below 159.50 Stop-loss: Above 160.00 Target: 157.50, then 156.50 5. Conclusion & Strategy Bias: Bullish, but waiting for confirmation of support at 159.87. Trade idea: A retest of 159.87 holding as support could provide a strong buy opportunity for continuation to 161.00 - 162.00. Risk management: If price breaks below 159.50, consider avoiding longs and waiting for a deeper retracement.
Long
by Forexbeats
EURJPY INTRADAY Breakout retest ahead of ECB decision? Bullish Scenario: The EURJPY currency pair appears bullish, supported by the recent bullish breakout of the longer-term trend. The recent intraday price action indicates a bullish breakout above a period of sideways consolidation. The key level to watch is 158.50, which marks the breakout zone and aligns with the previous falling resistance trendline , now newly formed support zone. A corrective pullback that finds support at 158.50, followed by a bullish rebound, could trigger further upside movement towards 160.00, with extended targets at 161.33 and 162.00 over a longer timeframe. Bearish Scenario: A confirmed breakdown below the 158.50 level, particularly with a daily close beneath this support, would negate the bullish outlook. This would expose the index to a deeper retracement, with immediate support at 157.35, followed by 156.00 indicating a potential shift towards a corrective phase. Conclusion: The broader trend remains bullish, but 158.50 is a pivotal level. Holding above this zone reinforces upside potential, while a decisive break below it could lead to increased selling pressure. Traders should monitor price action around this key level to confirm the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
DeGRAM | EURJPY growth in the channelEURJPY is in a descending channel between trend lines. The price is moving from the lower boundary of the channel and support level, and the 38.2% retracement level is the nearest obstacle to growth. The chart retains a descending structure, but it has already formed a harmonic pattern. On the 4H Timeframe, the indicators are pointing to a bullish convergence. We expect growth in the channel after consolidation above the 38.2% retracement level. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Long
by DeGRAM
6
EUR/JPY is currently in a bearish trendEUR/JPY is currently in a bearish trend, with strong selling pressure driving the pair lower. On the daily and 4-hour charts, the price is trading below key resistance levels and moving averages, signaling further downside potential. The pair recently broke below a key support zone around 161.50, turning it into resistance. The RSI is trending below 50, confirming bearish momentum, while the MACD is below the signal line, supporting further declines. A descending trendline is also capping upside moves. The next weekly support level is around 159.80, which aligns with a previous demand zone. If the price fails to reclaim 161.50 and rejects lower, it could provide a strong shorting opportunity. A confirmed break below 159.80 would open the door for further declines toward 158.50. Tariff Trade Between the EU and the USA Tariffs between the European Union (EU) and the United States have historically been a source of economic tension. These trade duties impact industries such as automobiles, steel, agriculture, and technology. EU Tariffs on US Goods: The EU imposes tariffs on American products like whiskey, motorcycles, and agricultural goods in response to US trade policies. US Tariffs on EU Goods: The US has targeted European steel, aluminum, and luxury goods, arguing unfair subsidies and trade imbalances. Retaliation & Trade Wars: Disputes, such as those involving Airbus vs. Boeing subsidies, have led to retaliatory tariffs, affecting global trade. Recent Developments: The Biden administration and EU officials have worked on reducing tariffs, but tensions remain, especially in green energy subsidies and technology sectors. If new tariffs arise, they could impact EUR/JPY indirectly through risk sentiment, potentially strengthening the Japanese Yen (JPY) as a safe-haven asset and increasing EUR downside pressure. Traders should look for price action signals like bearish engulfing candles or trendline rejections to confirm entry. Stops should be placed above the recent highs for risk management.
Short
by TONYMONTANA87
1
EURJPY Approaching Major Support – Will Buyers Step In?OANDA:EURJPY is approaching a significant support zone, highlighted by previous price reactions and strong buying interest. This area has historically acted as a key demand zone, increasing the likelihood of a bounce if buyers step in. The current market structure suggests that if the price confirms support within this zone, we could see a bullish reversal. A successful rebound could push the pair toward the 160.000 level, a logical target based on past price behavior and structural confluence. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
6
EURJPY - Bullish Continuation Toward 160.850OANDA:EURJPY is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off support suggests buyers are maintaining control, supporting a potential continuation of the uptrend. As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact. A potential upside target is 160.850, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum. However, a breakdown below the support zone would invalidate the bullish scenario and may open the door for a deeper pullback. Remember, always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
1
EURJPY Technical Analysis! SELL! My dear subscribers, EURJPY looks like it will make a good move, and here are the details: The market is trading on 159.58 pivot level. Bias - Bearish My Stop Loss - 160.34 Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 158.15 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EUR/JPY - First steps into correction, getting back on track!Hi guys we are looking over at EUR/JPY , we had a huge swing to the lower end and a very very strong support area. We can see the RSI has crumbled but ended up formulating an Ascending Channel which we will follow into revaulation towards the 159 area. Entry: 156.550 Target 1: 157.380 Target 2: 158.150 Target 3: 159.100 SL: 155.100 RR is sitting at 1:4! Tell me below in the comments what is your opinion on this trade? Will the Hawkish BoJ interfere and push this further down?
Long
by DG55Capital
EURJPY IS GETTING STRONGE OR WEAK ? DETAILED ANALYSISEURJPY has successfully broken out of the falling wedge pattern, hitting the projected target of 160.000 and delivering significant profits. This breakout confirmed a strong bullish reversal, allowing traders to capitalize on a deep profit opportunity. The falling wedge is a classic bullish pattern, and its breakout was accompanied by increasing momentum, pushing the pair higher in a sustained rally. With price action playing out as expected, traders who entered early have already locked in substantial gains. From a technical perspective, EURJPY’s bullish structure remains intact, with strong support now forming around the 158.000–159.000 range. If the price consolidates above this level, we could see further upside potential beyond 160.000. However, traders should watch for any retracements or potential resistance at key psychological levels. If bullish momentum continues, the next targets could extend toward 162.000 or higher, depending on market conditions. Fundamentally, EURJPY’s movement is heavily influenced by central bank policies. The European Central Bank’s (ECB) stance on interest rates, coupled with the Bank of Japan’s (BoJ) continued monetary easing, has contributed to yen weakness and euro strength. Additionally, risk sentiment in the market plays a crucial role—any shift toward a more risk-on environment will likely support further bullish moves in EURJPY. As the pair remains in an uptrend, traders should monitor key economic events and price action signals to maximize their profit potential.
Long
by AndrewsMarket-Mastery
4
EURJPY counter trend breakout at 158.50 level. Bullish Scenario: The EURJPY currency pair appears bullish, supported by the recent bullish breakout of the longer-term trend. The recent intraday price action indicates a bullish breakout above a period of sideways consolidation. The key level to watch is 158.50, which marks the breakout zone and aligns with the previous falling resistance trendline , now newly formed support zone. A corrective pullback that finds support at 158.50, followed by a bullish rebound, could trigger further upside movement towards 160.00, with extended targets at 161.15 and 161.54 over a longer timeframe. Bearish Scenario: A confirmed breakdown below the 158.50 level, particularly with a daily close beneath this support, would negate the bullish outlook. This would expose the index to a deeper retracement, with immediate support at 157.45, followed by 156.00 and 154.90, indicating a potential shift towards a corrective phase. Conclusion: The broader trend remains bullish, but 158.50 is a pivotal level. Holding above this zone reinforces upside potential, while a decisive break below it could lead to increased selling pressure. Traders should monitor price action around this key level to confirm the next directional move. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EURJPY Is Going Up! Buy! Please, check our technical outlook for EURJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 160.068. Considering the today's price action, probabilities will be high to see a movement to 163.150. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
Lingrid | EURJPY bullish Opportunity from DEMAND ZoneThe price perfectly fulfilled my previous idea. It reached the target zone. FX:EURJPY market made a false breakout of the support zone around the 156,000 level. On the daily timeframe, we can see that the price reached a demand zone it has bounced off multiple times. Recently, the price broke through the previous high in market structure, then pulled back to retest the support level and the upward trendline. I expect the price to retest the upper boundary of the channel and potentially move above it. My goal is resistance zone around 158,000 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1