EURJPY - Breakdown Confirmation Toward Bearish ContinuationEURJPY has broken below the ascending trendline and is now trading under the key structure at **164.331**. The price appears to be forming a lower high before potentially continuing its downward move. As long as price stays below the **165.545** invalidation level, the bearish bias remains intact, with a projected target around **160.000**.
**Key Levels:**
- **Resistance (Invalid Level):** 165.545
- **Structure Break:** 164.331
- **Bearish Target:** ~160.000
**Outlook:**
Bearish continuation likely as long as price remains under resistance.
**Disclaimer:**
This is not financial advice. Trade at your own risk and always use proper risk management.
EURJPY trade ideas
EURJPY Wave Analysis – 14 May 2025
- EURJPY reversed from resistance area
- Likely to fall to support level 162.00
EURJPY currency pair recently reversed down from the resistance area between the pivotal resistance level 165.00 (which has been reversing the price from November), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from July.
The downward reversal from this resistance area stopped the c-wave of the previous short-term ABC correction 2 from February.
Given the strength of the resistance level 165.00, overbought daily Stochastic and clear daily downtrend, EURJPY currency pair can be expected to fall to the next support level 162.00.
EURJPY 1H – Bearish Divergence & Structure WatchEURJPY 1H – Bearish Divergence & Structure Watch
⚠️ Bearish Divergence Spotted | Structure Break Incoming? ⚠️
Spotted a clear bearish divergence between Wave 3 and Wave 5 on both price and the AO (Awesome Oscillator).
While price made a higher high, momentum failed to follow — a classic sign of weakening bullish pressure.
Now, price is sitting on a key structure zone at 164.65.
⛔ If this support breaks, expect a potential shift in trend.
Stay alert — once the structure is broken, sellers might step in hard. Be ready!
🔻 Eyes on the next move!
#EURJPY #PriceAction #Divergence #StructureBreak #TradingSetup #ForexAnalysis
EUR/JPY Short🎯 Trade Setup Plan
👇 Aggressive Entry (Riskier)
Sell Limit: 164.90
SL: 165.90
TP1: 160.00
TP2: 157.00
TP3 (optional): 155.00
Use this only if you want to catch the wick, but recognize the higher chance of being swept.
✅ Conservative Entry (Recommended)
Wait for a daily candle close under 162.00 after touching 164. That confirms rejection.
Entry: On next day’s minor retest (e.g., 162.50–163.00)
SL: 165.50 (above recent highs)
TP1: 160.00
TP2: 157.00
TP3: 155.00
Risk: 1–2% depending on confirmation strength
📌 Optional Breakout Plan (In case resistance breaks cleanly)
Buy Stop: 165.60
SL: 164.30
TP: 170.00 (weekly resistance)
Use only if a strong daily close above 165 confirms breakout.
EUR/JPY Faces the Upper Boundary of Its Lateral Range AgainOver the past five trading sessions, the EUR/JPY pair has climbed nearly 2% in favor of the euro, once again reaching a key resistance zone in the short term. For now, the bullish bias remains intact, driven by the weakened yen, which has lost demand in recent sessions. As a safe-haven currency, the yen has struggled to hold investor interest as trade tensions ease and market confidence rebounds.
Wide Lateral Range
Since 2024, EUR/JPY has maintained a broad lateral channel, bounded by resistance at 165.315 and support at 156.656. Recent buying momentum has brought the price back to the upper end of the range, and if bullish pressure continues, a breakout could occur—potentially giving way to a more sustained uptrend in the short term.
Technical Indicators:
ADX: The ADX line continues to hover below the neutral level of 20, signaling low volatility in recent movements. If the ADX fails to break above that level, a persistent state of neutrality may continue to dominate price action in the short term.
TRIX: The TRIX line remains above zero, but it shows a flattened curve, indicating the absence of a clear directional trend in the exponential moving averages. This opens the door for a neutral phase to develop at current resistance levels.
Key Levels to Watch:
165.315 – Major Resistance: Marks the upper boundary of the lateral range. Sustained bullish momentum above this level could lead to a stronger uptrend in the near term.
162.225 – Nearby Support: Aligns with the neutral zone of the past two weeks. May act as a barrier for short-term pullbacks.
160.655 – Critical Support: Corresponds to the midpoint of the current channel and aligns with the Ichimoku cloud area. A return to this level could undermine the current bullish structure and reinforce the broader sideways range.
Written by Julian Pineda, CFA – Market Analyst
EURJPY Sell - May 13, 2025📍Context:
Reaction from Daily Orderblock
Clear 15m BOS
Two Asia lows & a gap in our direction
Entry at 15m OB with 0.5% risk
If price gives a 1m BOS within the OB, I’ll add another 0.5% to go full risk.
Even though there’s a 5m OB above, I’m comfortable taking the trade if we show signs of rejection.
🎯 TP: Targeting Asia lows and continuation down with clean structure.
EURJPY DAILY ANALYSIS OANDA:EURJPY 1H : Bullish BOS + OB + IMB + GAP 15m : Bearish MSS + OB + IMB
EXPACTION : Currently, the price has hit the 15-minute zone and formed a 3-minute MSS, but since it is near the Asian ceiling, I will wait for the BOS. If the 15-minute zone is broken, the trend will be bullish. But if it respects the 15-minute zone, I can be sure that we can fall to the 1-hour zone.
I will post my LTF trading idea in the private section. Be sure to follow and like the post.