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Japanese Yen/Euro

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JPYEUR trade ideas

EURJPY Approaching Key Resistance — Potential Sell SetupOANDA:EURJPY is approaching a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume. If the resistance level holds, I anticipate a downward move toward 161.20, which represents a logical target based on previous price behavior and market structure. However, if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, opening the door for further upside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Short
by TrendDiva
32
EURJPY - Double Bottom Breakout & RetestIn today's video we're looking at a secondary opportunity to enter a double bottom. A double bottom is a classic price action pattern where tests & holds a level twice before reversing in the opposite direction calling for the end of the trend. In this opportunity, price has confirmed the double bottom by breaking and closing above the peak & now we're looking at a secondary opportunity to get involved by breakout and/or pullback. If you have any questions or comments please leave them below and I wish you guys an excellent week of trading. Akil
Long
by Akil_Stokes
4
EURJPY NEXT MOVE, DEEP FUNDAMENTALS ANALYSIS EUR/JPY is currently trading around 162.300, having recently completed a breakout and subsequent retest, indicating a potential bullish continuation toward the target price of 168.300. This anticipated move suggests a gain of over 300 pips, aligning with the pair's prevailing uptrend. Fundamentally, the Eurozone's economic indicators have shown resilience, with stable growth and inflation metrics supporting the euro. In contrast, the Bank of Japan's commitment to ultra-loose monetary policies has led to a depreciation of the yen, widening the interest rate differential between the two currencies and favoring a stronger euro Technical analysis reinforces this bullish outlook. The pair edged higher to 164.16 last week before a slight retreat, suggesting consolidation ahead of a possible upward surge. As long as the 160.02 support level holds, further rally remains in favor, with potential targets at 164.89 and 166.67. A sustained break above these levels could pave the way toward the 168.300 target Traders should monitor key resistance levels closely, as a confirmed breakout could present a lucrative opportunity to capitalize on the anticipated 300-pip movement. Implementing robust risk management strategies, such as setting appropriate stop-loss orders, is essential to mitigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in navigating this trading opportunity effectively.
Long
by AndrewsMarket-Mastery
2
EUR/JPY: The Calm Before the Yen Storm The sharp drop in FOREXCOM:EURJPY OANDA:EURJPY FX:EURJPY CAPITALCOM:EURJPY from July to August 2024 appears to be a classic impulse wave A. Since then, the pair has entered a consolidation phase — most likely forming a triangle as part of a corrective wave B. 🔍 Key observations: Volume is evenly distributed, with the POC sitting near the current price levels. Volatility continues to compress, increasing the likelihood of a breakout once the triangle structure completes. The 0.5–0.618 Fibonacci retracement zone of wave A (around 161.50–164.00) is the most probable area for wave B to top out. 📉 Once this consolidation is complete, the pair is expected to move into wave C, potentially targeting 147.00–154.00. ⚠️ This scenario remains the base case as long as the price action holds within the corrective structure. Watch for a rejection near the upper boundary — a short setup may be on the horizon.
Short
by shakatrade1_618
Strong Confluence Zone – Is EURJPY Ready to Fly?EURJPY is currently respecting a strong ascending trendline that has acted as dynamic support for several years. Price recently rebounded from both the horizontal support zone and the rising trendline, indicating strong buying interest at this confluence area. Now, the pair is attempting to break above a key resistance zone marked by a descending trendline. A successful breakout above this area could signal a potential continuation of the long-term bullish trend. The RSI is also showing a bullish divergence, which adds confluence to the bullish bias. However, rejection from resistance could trigger a retest of the support zones. Found this helpful? Like & follow us for more high-quality market insights.
Long
by unichartz
EURJPY remains mixed and volatile.EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. Preferred trade is to sell into rallies. A lower correction is expected. Bespoke resistance is located at 162.35. We look to Sell at 162.35 (stop at 162.75) Our profit targets will be 160.75 and 160.50 Resistance: 162.00 / 162.70 / 163.20 Support: 160.75 / 160.20 / 159.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
4-hr EUR/JPY: Targeting a 230 pips dropSince early March, EUR/JPY has surged nearly 1,000 pips, providing us with several excellent trading opportunities. However, as the rally matures, many early buyers are beginning to take profits, leading to a noticeable slowdown in the uptrend. On Friday, the pair formed a Death Cross, a well-known bearish signal, prompting us to enter a direct sell trade at 161.30 in anticipation of a broader correction. Our bearish outlook is reinforced by a double top pattern at 163.00, which represents a lower high compared to the previous swing high at 164.00. This formation suggests a weakening bullish momentum, increasing the likelihood of a trend reversal. If our analysis is correct, we aim to take profit near 159.00, aligning with the crucial 61.8% Fibonacci retracement level—often a strong support zone. To mitigate potential losses while allowing sufficient market fluctuation, we are implementing a stop-loss with a 1.2% distance. This strategic risk management approach ensures our trade remains protected while maintaining the flexibility needed for price movement. As we monitor the market’s response to these technical signals, we anticipate a profitable opportunity in the coming sessions.
Short
by Trendsharks
EUR/JPY Analysis Using Elliott WaveCurrent Market Structure & Elliott Wave Count Wave 3 Completed near 163.800 (Key Resistance) Wave 4 Correction in Progress targeting 161.200 - 160.800 Potential Wave 5 Expansion toward 164.400+ Bullish Scenario (Wave 4 Completion & Wave 5 Start) 📌 Long Entry: Buy at: 161.200 - 160.800 Stop Loss (SL): 160.500 Take Profit (TP1): 162.200 Take Profit (TP2): 163.800 Take Profit (TP3): 164.400 🎯 Probability: 75% (If price finds support above 161.200) Bearish Scenario (Wave 4 Deeper Correction or Reversal) 📌 Short Entry: Sell at: 163.800 - 164.400 (Wave 3 High Rejection) Stop Loss (SL): 164.700 Take Profit (TP1): 162.800 Take Profit (TP2): 161.600 Take Profit (TP3): 160.800 🎯 Probability: 70% (If price rejects 163.800 resistance) Final Thoughts & Risk Management ✅ Bias: Bullish above 161.200, Bearish below 160.800 ✅ Risk/Reward Ratio: 1:3 for Both Scenarios ✅ Volatility Factor: Watch JPY Strength & Euro News Impact
Long
by MAKFX21