EURJPY Wave Analysis – 3 July 2025- EURJPY broke resistance level of 169.55
- Likely to rise to resistance level 72.00
EURJPY currency pair recently broke above the key resistance level 169.55 (which reversed the price multiple times at the end of June, as can be seen from the daily EURJPY chart below).
The breakout of the resistance level 169.55 accelerated the active short-term impulse wave 3 of the intermediate impulse wave (C) from February.
Given the clear daily uptrend, EURJPY currency pair can be expected to rise further to the next resistance level 172.00, target price for the completion of the active impulse wave (C) lying at the intersection of the 2 up channels from June and March.
EURJPY trade ideas
EURJPYLAST month i called eurjpy long ,and we still holding that buy based on the following context.
EU10Y= 2.602%
EUR INTEREST RATE after governing council decision 25basis point on deposit facility 2% main refinancing operation 2.15% and marginal lending facility 2.40%
JP10Y=1.438%
JPY INTEREST RATE =0.5%
BOND YIELD DIFFERENTAL= EUR-JPY= 1.164 % FAVOUR EUR CARRY TRADE.
INTEREST RATE DIFFERENTIAL= EUR-JPY=1.5 % FAVOUR EUR CARRY TRADE
CARRY TRADERS BORROWED FROM BOJ AND INVESTED IN ECB BOND MARKET.
STRUCTURE OF MARKET=the daily break of supply roof turn to demand floor and EURJPY WENT MOON
SELL EURJPY for bullish trend reversal STOP LOSS: 170.17SELL EURJPY for bullish trend reversal
STOP LOSS: 170.17
Regular Bearish Divergence
In case of Regular Bearish Divergence:
* The Indicator shows Lower Highs
* Actual Market Price shows Higher Highs
We can see a strong divergence on the MACD already and There is a strong trend reversal on the 4 hour time frame chart.....
The daily time frame is showing strength of trend reversal from this level resistance so we
are looking for the trend reversal and correction push from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with….....trading with the trend, patient and good risk management is the key to success here
EURJPY LONG IDEAI have been waiting for this EURJPY long setup to form for the past 2 trading sessions.
This morning I saw this beautiful bullish swing low formed and that is my entry signal for to take a long trade on EURJPY.
REASONS:
EURJPY is super bullish right now.
The Daily and 4Hour time frame trend is extremely bullish. So, am only looking to take a long buy to follow the trend direction.
EURJPY - bullish Story: Market is in bullish trend with series of HH and HLs. There is no divergence on the chart therefore we expect market to continue bullish trend. as the market is continuing bullish, we look for any continuation pattern. Yes, we have found one, which is bullish flag pattern.
there is no reversal or harmonic pattern.
Anticipate : it is anticipated that market will breakout the Flag neck line and we anticipate the market to reach its projection of flag-pole.
Plan is to enter in the market on break out of neckline and continue riding till the projection of flag-pole with our SL placed just below the Marked HLs and we set our TP1 and TP2 with R:R of 1:1 and 1:2 respectively.
EUR-JPY Strong Uptrend! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend along the rising
Support and we are already
Seeing a local rebound
Which reinforces our bullish
Bias and we will be expecting
A further bullish move up
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURJPY Sell- Go for sell
- Refine entry with smaller SL for better RR, if you know how
- keep looking for sell even if price goes one more up
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EUR/JPY Potential Bullish ContinuationEUR/JPY Potential Bullish Continuation 📈🔍
📊 Technical Overview:
The EUR/JPY chart presents a bullish channel structure, indicating an overall upward trend. Price action respected the channel boundaries with multiple confirmations before the latest bearish correction.
🔹 Structure Highlights:
🔵 Ascending Channel: Price moved steadily within an upward-sloping channel.
🟠 Support Rebound: A strong bullish candle formed on June 20th after touching the lower boundary — a clear support confirmation.
🔴 Recent Rejection: On July 1st, price tested the upper channel resistance and faced rejection, forming a bearish engulfing candle.
🟫 Support Zone Marked: Around the 167.800 level, this zone has been tested multiple times, indicating a possible demand area.
🔁 Current Scenario:
The pair has broken down from the internal trendline (light brown line) and is heading toward the support zone. A bullish bounce from this area may lead to a rally toward the Target Point at ~172.000 🎯.
📌 Key Levels:
Support Zone: 167.600 – 168.000
Resistance Zone: 170.500 – 172.000
Current Price: 168.994
📈 Outlook:
If support holds and bullish momentum returns, there's potential for a move toward the target area at the top of the channel. However, a break below the support zone could invalidate the bullish scenario and suggest a deeper correction.
🧠 Conclusion:
Wait for bullish confirmation near support before considering long positions. A clean break and retest of the support zone could signal a continuation of the upward trend.
EURJPY - Looking To Sell Pullbacks In The Short TermM15 - Strong bearish move.
Lower lows on the moving averages of the MACD.
No opposite signs.
Currently it looks like a pullback is happening.
Expecting bearish continuation until the two Fibonacci resistance zones hold.
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EURJPY SHORT DAILY FORECAST Q3 D1 W27 Y25EURJPY SHORT DAILY FORECAST Q3 D1 W27 Y25
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📝
✅Daily Order block identified
✅4H Order Block identified
✅1H Order Block identified
🔑 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
EURJPY Bearish momentum 4hr and daily chart analaysis EUR/JPY is currently entering a bearish phase, trading around a critical transition zone between 171.00 and 169.787. This area marks a key inflection point, and a clear break below could confirm the shift in momentum to the downside. If the bearish momentum continues to build, the pair could potentially decline further, targeting the support levels around 158.253 to 156.843.
EURJPY Readies Triangle Breakout w/ Elliot WaveOANDA:EURJPY has formed a Triangle Pattern with a Rising Support and Resistance Zone @ 169.5 - 169.7 area.
After the False Breakout last week on Friday, we see Price falls back within the Pattern and finds strong Resistance from the zone.
Now based from the High - to Low - to Lower High where price made a 50% - 61.8% Retracement, we can plot the Trend Based-Fib Tool that suggests with the change of trend ( Price printing a Lower High ) we can expect Lower Prices to come and potentially a Bearish Breakout to the pattern!
First we will want to see where the next Lower Low will be ( currently @ 168.934 ) then wait for a Retracement to a favorable Fibonacci Level based from the Lower High to Lower Low.
Fundamentally, the EUR will have CPI Flash Estimates on Tuesday, and multiple Services PMI on Thursday with ECB President Lagarde speaking Tuesday and Wednesday. This could add volatility!!
Stay Tuned!
EJ WAITING GAME Price is settling at an all time high. Waiting to see what price action has n store for the next couple of days.
We are in a bullish market at this time.
A simple trade idea at this time is looking for a pullback to the monthly support before testing all time high resistance marked above in red.
EUR/JPY 1H Analysis – Ascending Channel With Critical ResistanceThe EUR/JPY pair has been trending steadily inside a well-defined ascending channel, indicating bullish control over the past few weeks. However, price is now approaching a major horizontal resistance zone, aligning with the upper boundary of the channel — a critical area for potential breakout or reversal.
🔍 Chart Structure Breakdown:
🔹 1. Ascending Channel (Trend Continuation Structure)
The pair is respecting both the upper and lower trendlines precisely, forming a bullish parallel channel.
EMAs are aligned bullishly and acting as dynamic support.
Price continues forming higher highs and higher lows, a classic uptrend behavior.
🔹 2. Horizontal Resistance Zone (Purple Box)
The price is currently retesting a key horizontal resistance zone where sellers previously stepped in.
This zone aligns closely with the upper channel boundary, increasing confluence.
We could be witnessing a potential double top or a breakout build-up.
🔹 3. Volume Spike & Buyer Strength
Recent candles show increased volume — a possible signal that institutions are preparing for a larger move.
If volume increases further on breakout, it would confirm continuation.
🧭 Scenarios to Watch:
🟢 Bullish Scenario:
A strong breakout above the purple zone with a full-body candle close could signal:
A breakout from the ascending channel.
Fresh bullish momentum possibly targeting the 170.800–171.500 zone.
Ideal entry: On bullish retest of the breakout zone.
SL below breakout candle; TP at upper Fibonacci extensions.
🔴 Bearish Scenario (Double Top Rejection):
If price rejects the resistance zone again, forming a lower high or engulfing candle:
Expect a short-term pullback toward the midline or lower channel, around 168.500–168.000.
Bearish divergence with RSI or volume may confirm weakness.
This would create a Double Top inside the channel, often leading to a deeper correction.
📌 Conclusion:
EURJPY is at a make-or-break zone. The bullish structure remains intact, but the price must break and hold above the resistance to confirm strength. Until then, this could be a short-term exhaustion point.
🔄 Stay flexible. Watch volume, candle closes, and EMA behavior for confluence on your trade setup.
This analysis and chart work are entirely original and created from my own observations and strategy. Any resemblance to other posts is purely coincidental.
⚠️ Disclaimer:
This analysis is for educational and informational purposes only and does not constitute financial advice or a buy/sell recommendation. All views expressed are my own, based on personal technical interpretation.