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EURJPY trade ideas

EUR/JPY Key Supply Zone Holding – Bearish Rejection in PlayChart Analysis & Trade Setup: The EUR/JPY 45-minute chart highlights a strong supply zone near 157.50 - 157.60, where price has repeatedly rejected, leading to multiple sell-offs. This zone remains a critical resistance area for further downside movement. Technical Breakdown: 📌 Key Supply Zone (157.50 - 157.60): Price has attempted to break above but faced strong rejection, confirming sellers' dominance. 📉 Bearish Price Action: Each rejection from the supply zone has resulted in a decline towards key support levels. 🔄 Liquidity Grab & Drop: A fake-out above 157.50 led to a sharp reversal, suggesting a distribution phase. Trade Plan: ✅ Entry: Consider a short position on a retest of 156.50 - 157.00, if price fails to reclaim higher levels. 🎯 Target 1: 156.00 (Recent support level). 🎯 Target 2: 155.70 - 155.50 (Stronger demand zone). 🛑 Stop Loss: Above 157.65, as a breakout above this level would invalidate the bearish setup.
Long
by NexusTradesZone
#027 Trust The Process EURJPY Sell 2009SGT 25022025Selling EURJPY. I have only a few things to say, 1st - I didn't go to work yesterday because I was so tired. I am always lethargic I think I am so weak. 2nd - I wanted to go work at 8pm, now is 8pm. But I think I need to drag to 9pm. I ned to make some money to pay for living expenses and stuff. Even if I manage to be a successful trader, I will continue working. Right now, I think I am sitting on -13R loss across 4 accounts, over 26 trades, open and closed. 2011SGT 25022025 Add : This EURJPY trade is based on 1 Minute Time Frame, and I took it originally for my Oanda mt4 accounts. Whenever possible and I have the energy and space to do those things, I will take trades as much as I could. I think, blowing my accounts is my secret super power. ...2016SGT 25022025
Short
by goh8888lester
EURJPY - The 0.618 Fibonacci zone acting as resistanceThe EURJPY pair is one of the most interesting assets to watch. Overall, the long-term trend has shifted from strongly bullish to neutral since the highs of July 2024. However, we can observe that each successive bullish rebound is reaching lower highs. With the ECB lowering interest rates and the recent rate hikes by the Bank of Japan, a rebalancing is gradually taking place. As a result, at best, we can expect a range-bound movement between 156.00 and 164.00 in the coming weeks, and at worst, a sustained decline in the exchange rate in favor of the yen. Holding yen long-term is not attractive from a swap perspective, but in the short term, attempting bearish rebounds is more interesting. Here, I initiated a short trade, betting on a continuation of the downtrend after the pair rebounded from the 0.618 Fibonacci retracement zone. Historically, this level is significant and acts as resistance when trends establish themselves.
Short
by Traderscope
EUR/JPY - Bullish Rejection from Key Support📈 Trade Idea: Long EUR/JPY Analysis: Price aggressively rejected the downside with a long wick, indicating strong buyer interest at a key support level. This suggests a liquidity grab, where price swept lows before pushing back up. A potential bullish reversal could be in play, targeting the next resistance zone. Trade Plan (Based on Chart Setup): 🔹 Entry: 156.991 (Rejection from support) 🔹 Stop Loss: 156.846 (Below recent low, invalidates bullish bias) 🔹 Take Profit: 157.281 (Fixed at 2R) Risk/Reward: ✅ Stop Loss: ~15 pips ✅ Take Profit: ~30 pips ✅ Risk-Reward Ratio: 1:2 Why this trade? ✔️ Liquidity grab below previous lows ✔️ Strong bullish rejection at key demand zone ✔️ Potential reversal targeting previous resistance 📌 Looking for price to maintain above 156.50 to sustain bullish momentum.
Long
by riojulianprt62512
EURJPY → Consolidation before further declineEURJPY is forming a downtrend. The price is bouncing off the channel resistance and has approached strong support, the breakout of which may trigger further decline Global EURJPY is in a neutral trend, but locally, due to economic nuances, the euro is weakening against the Japanese yen There are two key zones on the chart - resistance at 159.112 against which a false breakdown can be formed before the price continues its decline. And support at 158.45 - support of the pre-breakdown consolidation and at the same time a strong level, the break of which will open the way to 156.29. Resistance levels: 159.11, 160.16, 160.9 Support levels: 156.29 Technically, the situation is weak and hints that in the short term the bears could overcome the key support, which could trigger a bearish momentum Regards R. Linda!
Short
by RLinda
13
Bearish drop?EUR/JPY has broken out of the pivot and could drop to the 1st support which acts as a pullback support. Pivot: 157.19 1st Support: 155.60 1st Resistance: 158.37 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.
Short
by ICmarkets
Bearish drop off pullback resistance?EUR/JPY is rising towards the pivot which is a pullback resistance and could drop to the 61.8% Fibonacci support. Pivot: 159.52 1st Support: 157.81 1st Resistance: 160.99 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.
Short
by ICmarkets