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EURJPY trade ideas

EURJPY🔍 Chart Analysis (EUR/JPY – 1H Timeframe): A Double Bottom pattern has formed around the 162.10 - 162.20 zone, indicating selling pressure is weakening and a potential bullish reversal. There's a clear key resistance level at 163.00, which has already been tested once but not yet broken. The most recent low is a Higher Low, suggesting buyers are gaining strength and a bullish trend may be starting. Suggested Trade Setup: Direction: Bullish (Buy) Entry: Around the current price (162.70 – 162.75) Stop Loss: Below the second bottom – around 162.05 Take Profit 1 (TP1): 163.00 (key resistance) Take Profit 2 (TP2): 163.60 (previous swing high) Trade Rationale: Price rebounded from a strong support level (162.10) Formation of a Higher Low – bullish signal If buying pressure continues, price may break above 163.00
Long
by pouriya_kd
EUR/JPY 1H: Bullish Falling Wedge Breakout + Target 🧠 Overview of the Setup The EUR/JPY currency pair has recently completed a Falling Wedge pattern, a classic and powerful bullish reversal formation. This chart structure typically signals the end of a downtrend and the potential beginning of a strong upward impulse. In this setup, multiple confluences point toward a bullish move, including pattern breakout, structure shift, retest of a dynamic support level, and alignment with major supply/resistance zones. 🔍 Pattern Analysis: Falling Wedge Definition: A falling wedge is a technical pattern formed by two downward-sloping trendlines — one representing resistance and the other support — that converge. It signals a slowdown in bearish momentum, often preceding a bullish reversal. Chart Observation: The wedge is well-defined, spanning several trading sessions. As price action tightened toward the apex, bearish momentum began to weaken. Breakout Trigger: Price broke convincingly above the upper wedge boundary, suggesting the start of a bullish reversal. ✅ Implication: The breakout confirms that buyers have taken control, especially as this move is supported by a structural Change of Character (CHOCH). 📈 Price Action Structure & Key Zones 1. Minor Resistance (Broken) After the breakout, price encountered a minor resistance zone just above the wedge. This area is now likely to flip into support (a classic breakout retest). 2. Major CHOCH (Change of Character) A CHOCH indicates a break in market structure — from lower highs and lower lows to higher highs and higher lows. The break above this level confirms a shift from bearish to bullish sentiment. 3. Curved Support (Black Min Curve) A rising curved trendline has formed below current price, acting as a parabolic support structure. This suggests not just a trend reversal, but increasing bullish momentum, as buyers step in at higher levels with each correction. 4. Major Resistance Zone (Target Area) Price Target: ~164.50 – 165.50 This zone has historically acted as strong supply and is marked for potential take-profit or observation for reversal signals. The target is derived from both horizontal resistance and the projected height of the wedge pattern. 🎯 Trading Strategy Component Details Entry Zone 162.50 – 162.60 (retest of minor resistance + curve support) Stop Loss Below 162.00 (beneath wedge and curve) Take Profit 164.50 – 165.50 (major resistance) Risk/Reward Approx. 1:2.5 to 1:3 🔸 Conservative Entry: Wait for bullish confirmation (bullish engulfing candle or pin bar) on the support retest. 🔸 Aggressive Entry: Market buy after confirmation of curve bounce or on lower timeframe bullish signals. 📊 Volume & Momentum Consideration Although volume isn’t shown on this chart, volume confirmation on the breakout would significantly strengthen the bullish bias. Look for: Increasing buy volume on breakout Lower sell volume on pullbacks Bullish divergence (if using RSI or MACD) ⚠️ Risk Management & Event Awareness Be cautious of unexpected JPY-related economic releases (e.g., BOJ announcements, inflation data) that may cause volatility. If the curved support is broken decisively, this could invalidate the setup, suggesting further consolidation or downside risk. 🧠 Psychological Perspective The Falling Wedge reflects a market where sellers are gradually losing control — pushing price lower, but with less conviction. As the wedge tightens, bulls prepare to step in. The breakout confirms that sentiment has shifted, and many traders use such setups as entry points for swing or momentum trades. The curved support line suggests a transition from accumulation to markup phase, which typically leads to faster price expansion as confidence in the uptrend grows. ✅ Summary ✅ Pattern: Falling Wedge (Bullish) ✅ Breakout: Confirmed with CHOCH ✅ Support: Curve trendline acting as dynamic support ✅ Target: 164.50 – 165.50 major resistance ✅ Bias: Bullish (until curve support is broken) 📣 Final Thoughts This is a high-probability bullish continuation setup backed by price structure, pattern breakout, and support alignment. The risk is well-defined, and reward potential is strong — making this a favorable setup for swing traders or short-term position traders. 💬 Let me know what you think in the comments — are you going long EUR/JPY? 👍 Like and Follow for more setups and breakdowns.
Long
by GoldMasterTrades
EUR/JPY "Yuppy" Heist: Sniping Swiss Profits with Thief Trading!🌍 Hello Global Traders! 🌟 Money Makers, Risk Takers, and Market Shakers! 🤑💸✈️ Dive into our EUR/JPY "Yuppy" Forex heist, crafted with the signature 🔥Thief Trading Style🔥, blending sharp technicals and deep fundamentals. Follow the strategy outlined in the TradingView chart, focusing on a long entry targeting the high-risk MA Zone. Expect a wild ride with overbought conditions, consolidation, and potential trend reversals where bearish players lurk. 🏆💰 Celebrate your wins, traders—you’ve earned it! 💪🎉 Entry 📈: The vault’s open! Grab bullish opportunities at any price, but for precision, set buy limit orders on a 15 or 30-minute timeframe near swing lows or highs for pullback entries. Stop Loss 🛑: 📍 Place your Thief SL at the recent swing low on the 4H timeframe (163.00) for scalping or day trades. 📍 Adjust SL based on your risk tolerance, lot size, and number of open orders. Target 🎯: Aim for 167.00 💵 EUR/JPY "Yuppy" is riding a bullish wave, fueled by key market drivers. ☝ Unlock the full picture—dive into Fundamentals, Macro Insights, COT Reports, Quantitative Analysis, Sentiment Outlook, Intermarket Trends, and Future Targets. Check 👉🌎🔗. ⚠️ Trading Alert: News & Position Management 📰🚨 News can shake the market hard. Protect your trades by: Avoiding new entries during news releases. Using trailing stops to lock in profits and shield running positions. 📌 Markets move fast—stay sharp, keep learning, and adapt your strategy as conditions evolve. 💖 Power up our heist! 🚀 Tap the Boost Button to amplify our Thief Trading Style and make stealing profits a breeze. Join our crew, grow stronger, and conquer the markets daily with ease. 🏆🤝❤️ Catch you at the next heist, traders—stay ready! 🤑🐱‍👤🤩
Long
by Thief_Trader
EURJPY suggests a potential bearish moveEURJPY suggests a potential bearish move. The price has been moving within an ascending channel A downward-sloping trend line indicates a possible break below the channel. If the price continues to drop, it may reach 163.300 ,162.500 and 162, which are marked as support levels. The BOJ is probably doing intervention again in the forex market given that the they want to reach a deal soon with the US On the other hand EURO has other problems. The inflation cooling down is suggesting further rate cuts and this can weigh on EURO pairs in the short term. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your 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.
Short
by KlejdiCuni
3
DAILY HOT PICK EURJPY LONG FORECAST Q2 W21 D20 Y25DAILY HOT PICK FX:EURJPY EURJPY LONG FORECAST Q2 W21 D20 Y25 GOOD MORNIG EJ, Due to higher time frame nothing-ness, the pair has been somewhat neglected BUT, We are starting so see some charting action within the lower time frame that excited pattern recognition. Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅HTF 50 EMA ✅Intraday 15' order block ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Long
by JCFRGNT
EURJPYEUR/JPY Interest Rate Differential and Yield Curve Analysis (May–June 2025) Interest Rate Differential European Central Bank (ECB): Deposit rate: 2.25% (cut by 25 bps in April 2025). Outlook: Markets expect two more cuts in 2025, potentially lowering rates to 1.75% by year-end due to subdued inflation (2.3% YoY) and tariff risks. Bank of Japan (BoJ): Policy rate: 0.50% (unchanged in May 2025, highest since 2008). Outlook: Dovish stance persists despite trimming 2025 GDP growth to 0.5%; further hikes unlikely until 2026 amid U.S. tariff pressures. Differential: ~1.75% in favor of EUR, though ECB easing may narrow this gap. Yield Curve Dynamics Eurozone 10-Year Bond Yield: 3.14% (May 15, 2025), above the long-term average of 2.47% but down from recent peaks. Japan 10-Year Bond Yield: 1.52% (May 20, 2025), reflecting BoJ’s ultra-loose policy and weak growth. Yield Spread: 1.62% (Eurozone vs. Japan), down from earlier highs as ECB cuts loom. Key Drivers ECB Policy and Growth: Eurozone Q1 GDP grew 0.3% QoQ, outperforming expectations, but U.S. tariffs (20% on EU exports starting July) threaten future growth. ECB’s dovish pivot contrasts with BoJ’s passive stance, narrowing the rate differential. BoJ’s Quantitative Tightening: Reduced bond purchases (cut to ¥425 billion in May) signal tentative policy tightening, temporarily supporting JPY. Japan’s Q1 GDP contracted -0.7% annualized, driven by weak exports and stagnant consumption. Bond Yield Shrinkage: The 2-year yield spread between German Bunds and Japanese Government Bonds (JGBs) has narrowed, reducing EUR’s appeal. Technical analysis suggests a potential bearish reversal for EUR/JPY, with a break below 155.45 triggering a multi-month downtrend. Directional Bias Near-Term: Neutral-to-Bearish ECB rate cuts and yield spread shrinkage offset EUR’s yield advantage. JPY gains limited by BoJ’s delayed hikes and weak growth, but reduced QE provides temporary support. Medium-Term: Bearish Risks Escalating U.S.-EU/Japan trade tensions may amplify safe-haven JPY demand. Summary Table Factor EUR Impact JPY Impact EUR/JPY Bias ECB Rate Cuts Weakens EUR – Bearish BoJ Dovish Hold – Weakens JPY Bullish Eurozone Growth (0.3%) Mild support – Neutral Japan’s GDP Contraction – Pressures JPY Bullish Yield Spread Shrinkage Reduces EUR appeal Boosts JPY attractiveness Bearish Conclusion: EUR/JPY faces increasing bearish pressure from narrowing rate differentials, yield curve dynamics, and technical breakdown risks. While the ECB’s higher rates and Eurozone growth resilience provide near-term support, medium-term headwinds from ECB easing and JPY strength dominate the outlook. Traders should monitor ECB communications (June 19) and BoJ policy signals for shifts in momentum. #ECB#EURJPY #FOREX
Long
by Shavyfxhub
SMC Trap = Clean CHoCH + OB Long, Targeting Liquidity Sweep!We’re tracking a textbook Smart Money Concept (SMC) long setup on EURJPY, 30M timeframe, with clear structure shift and clean OB entry. Here's the full breakdown for traders: 🔄 Market Structure Shift: Major bearish trend visible from previous candles. Sharp rejection followed by a Change of Character (CHoCH) indicating possible bullish reversal. 🧱 Order Block Zone: Price swept liquidity to the downside and tapped into a marked Bullish Order Block at 162.195–162.266. Entry triggered within this OB zone, with tight risk placement below Strong Low. 🔁 Entry Setup: Entry: Inside OB at 162.266 Stop Loss: Just below the OB at 162.195 (Strong Low protected) TP1: 70.50% retracement near 162.650 TP2: Full Buy Side Liquidity sweep @ 162.768 (Weak High Targeted) 🧮 RRR (Risk-to-Reward): Approximate RRR: 1:6+ — High probability trade if market structure follows through. 🧲 Key Levels Highlighted: 🔹 CHoCH confirms shift to bullish 🔹 OB Zone: High confluence with liquidity grab + candle imbalance 🔹 Buy Side Liquidity: Obvious target for institutions 🔹 Weak High: Ready to be taken out 📈 What To Watch For: Bullish continuation towards 162.768 Strong impulsive move breaking above minor resistance Potential re-entries on lower TF OBs (5M–15M) 🧠 Pro Tip for Traders: Don’t chase—wait for CHoCH + OB confirmation combo. This type of setup works best when confluence aligns: OB + CHoCH + liquidity sweep = 🔥
Long
by ChartNinjas88
2
Chanel(EUR/JPY 1H Chart): 1. Previous Uptrend (Left Side): The price was previously moving within a well-defined ascending channel (marked by white parallel lines). Eventually, the price broke below the ascending channel, signaling a potential trend reversal. 2. Downtrend Phase (Middle Section): After breaking out of the bullish channel, the price entered a descending channel. A short position was executed here, with a visible stop-loss (red zone) and take-profit (green zone). This short trade was successful — the price reached the take-profit level. 📌 Current Market Setup (Right Side): 3. Breakout from the Downward Channel: The price has broken out of the descending channel to the upside. This breakout may indicate the start of a new bullish wave. 4. Anticipated Pullback: A pullback is expected toward a nearby demand zone (highlighted with a yellow rectangle). After the pullback, a continuation to the upside is projected — reflected by a long position with a large risk-to-reward ratio (roughly 1:3 or higher). 📈 Pattern and Scenario: A trend reversal pattern is forming following the breakout from the descending structure. The projected structure follows the pattern: Impulse – Pullback – Impulse. This is a classic bullish continuation setup. 🧠 Conclusion: Pattern: Reversal and bullish continuation. Bias: Bullish, especially after confirmation of the demand zone. Strategy: Wait for a retest of the demand zone for a safer long entry. An aggressive entry could be made on breakout confirmation.
by shakhodat23
EURJPYThe idea last week was to look for buying opportunities in this zone, but as we moved into Friday, the market lost its spring and failed to mount a decisive rebound. What I’m now watching for is a modest upside confirmation during early Asian hours—particularly if Japan’s April services PMI, which came in at 52.8, remains in expansion territory—so that we can position ourselves ahead of the European pre‑open. Given that China’s Caixin services PMI held at 53.2 and Q1 GDP growth in Japan printed 1.1% annualized, there’s a supportive backdrop for risk assets. That said, it would be prudent to trail stop‑loss orders to lock in gains, because although the consensus remains for a broadly bullish week following the softer-than-expected U.S. retail sales print of +0.2% in April, we could well see a mid‑week pullback as traders take profits.
Long
by SGsauragestion
1
EURJPY - Wave 5 Final Push? Time to Watch for Reversal🌀 EURJPY - Wave 5 Final Push? Time to Watch for Reversal 🚨 (Elliott Wave + AO Divergence + Fib Confluence) 📆 Date: May 19, 2025 📊 Pair: EUR/JPY ⏱️ Timeframe: 1H 🔍 Tools: Elliott Wave, Fibonacci Extension, Awesome Oscillator (AO) 🧠 Technical Breakdown We are currently tracking a textbook Elliott Wave impulsive decline, with price forming a clean 5-wave structure to the downside. The pair now seems to be completing Wave (5) — and several strong signals suggest that a bullish reversal might be imminent. 🔢 Elliott Wave Count ✅ Wave (1) to (4) are already completed. 🔻 Wave (5) has broken below the 2.618 fib extension — which confirms an extended fifth wave. 📉 Current downside target zone lies between the 4.236 – 4.786 extensions: 4.236: ~161.796 4.786: ~161.275 This blue box zone (161.80 – 161.27) is now a high-probability completion area for Wave (5). 📈 Awesome Oscillator (AO) – Bullish Divergence Detected AO shows a clear bullish divergence between Waves (3) and (5). Momentum is fading on the bearish side while price makes a new low — classic signal of potential trend reversal. 🎯 Trade Plan: Wait for Confirmation We’re not jumping in yet — but we’re close. ✅ What to Watch For: Let price reach the 4.236–4.786 fib zone (at minimum 161.796). Wait for a Break of Structure (BoS) — a clear break above a recent lower high (likely Wave 4). On the retest or pullback, look for long entry setups such as: Bullish engulfing candles Pin bar rejection MACD/AO flip Trendline breakout retest 🎯 Targets TP1: 162.80 – 163.50 (previous Wave 4 zone) TP2: 50% – 61.8% retracement of Wave (5) TP3: 164.40 – 165.20 (supply zone and structure confluence) 🛑 Stop Loss Idea Place SL below the 4.786 extension (~161.27) or beneath the new low formed, depending on your entry type (aggressive vs conservative). ⚡ Summary This setup brings multiple confluences together: ✅ Elliott Wave (5-wave completion) ✅ Fibonacci extension target zone ✅ AO bullish divergence ✅ Waiting for structure break for smart entry 💬 Let’s Talk Are you watching this setup too? Drop a 👍 or your analysis below — let’s grow together! ✅ Follow me for more clean setups using Elliott Wave, Divergence, and Price Action. 🔔 Hit the alert — EURJPY is cooking something! #EURJPY #ElliottWave #Forex #AO #BullishDivergence #FibExtension #PriceAction #WaveAnalysis #TradingSetup #ForexSignals
Long
by AwesomeOscDad