EURJPY Testing Key Support Zone – Potential Buy SetupOANDA:EURJPY is approaching a key demand zone, an area where buyers have historically stepped in. The current market structure suggests the possibility of a bullish bounce if the price confirms a rejection from this zone.
The target at 161.857 is based on the expectation of buyers gaining momentum. If bullish price action confirms the demand zone as valid support, this setup offers a high-probability scenario.
Keep an eye on bullish confirmation signals, such as strong wicks or bullish engulfing candles, to validate the setup.
What’s your take on this analysis? Do you think the demand zone will hold, or do you anticipate further downside? Share your perspective below!
Eurjpy!
Bullish rise off major pullback support?EUR/JPY has bounced off the pivot which acts as a pullback support and could rise to the 1st resistance.
Pivot: 159.86
1st Support: 158.69
1st Resistance: 161.22
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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.
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EURJPY My Opinion! BUY!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 160.85
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 161.92
My Stop Loss - 160.31
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
#EURJPY 1DAYEURJPY (1D Timeframe) Analysis
Market Structure:
The price is moving within an uptrend channel, consistently forming higher highs and higher lows. However, it is now approaching the upper boundary of the channel, where selling pressure may increase. A potential rejection from this resistance area could lead to a short-term bearish move within the channel.
Forecast:
A sell opportunity is anticipated if the price faces rejection from the upper boundary of the channel, signaling a potential pullback toward lower levels within the channel.
Key Levels to Watch:
- Entry Zone: Near the upper boundary of the channel after confirmation of bearish signals.
- Risk Management:
- Stop Loss: Placed above the channel resistance or the recent swing high.
- Take Profit: Target the midline or lower boundary of the channel for potential downside movement.
Market Sentiment:
Although the overall trend remains bullish, a temporary correction within the channel is possible. Confirmation of rejection at the resistance is essential before entering a sell position to align with market momentum.
eurjpy buy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Falling towards pullback support?EUR/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which has been identified as a pullback resistance.
Pivot: 160.30
1st Support: 159.29
1st Resistance: 161.79
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.
EUR/JPY - Smart Money Concept (SMC) Breakdown!# **📉 EUR/JPY - Smart Money Concept (SMC) Breakdown! 🔥**
🔎 Price at Key Decision Zone!
We are seeing a **triangle formation**, indicating a potential breakout soon. Based on SMC concepts, we have two possible scenarios:
🚀 **Case 1 (Red Path - Bullish Fakeout & Sell-off)**
- Price may **break above resistance** into the supply zone (169-172)
- This could be a **liquidity grab**, trapping buyers before a sharp rejection
- A **sell-off** follows, targeting **144-148**
📉 **Case 2 (Blue Path - Immediate Breakdown)**
- Price fails to break resistance and **rejects instantly**
- A strong breakout to the downside confirms a bearish move
- Targeting the **144-148 demand zone**
📌 **Key Levels to Watch:**
🔺 **Liquidity Grab Zone**: 169-172
🔻 **Bearish Breakdown Zone**: 160-164
🟢 **Potential Reversal Area**: 144-148
💡 **Question for Traders:**
- Will we see a **bullish trap before a crash** or a **direct breakdown**?
- Are you **selling from resistance** or waiting for confirmation?
🔥 **Comment below your views & trade setups!** 🚀
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This keeps it
EUR/JPY - Key Decision Zone!this Wave B completing, or are we in the early stages of Wave C?
📊 Price is testing a critical area—will sellers take control, or is another leg up still in play?
🚀 Key Questions:
1️⃣ Is this Wave AB or BC?
2️⃣ Will we see a major sell-off, or is it a buying opportunity?
3️⃣ What’s the ideal entry & confirmation?
📌 Levels to Watch:
🔻 Bearish Scenario: If price rejects, we could see a deeper correction toward the demand zone 📉
🔼 Bullish Scenario: If buyers hold, we might see a breakout before reversal 📈
👀 Drop your analysis in the comments! Are you buying or selling? 🔥
Let me know if you want any tweaks! 🚀
Bearish drop?EUR/JPY is reacting off the pivot and could drop to the 1st support that line s up with the 78.6% Fibonacci retracement.
Pivot: 162.29
1st Support: 160.58
1st Resistance: 163.69
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.
EURJPY | 1 HOUR | PULLBACK THEN BULLHi everyone, Please don't forget to press the like button to receive updates of this analysis. 🚀
SIGNAL ALERT
BUY EURJPY ( FX:EURJPY ) | 162,309 , 162,221
🟢TP1: 162,500
🟢TP2: 163,100
🟢TP3: 163,950
🔴SL: 160,908
Stop Loss RR ratio - 1,32
Thanks to everyone who supported my analysis with likes 🙏🏻
EURJPY - 1 hr ( Buy Trade Target Range 180 PIP ) The EUR/JPY currency pair, analyzed on a 1-hour chart with a large scale, presents a bullish outlook following a breakout at the key level of 162.000. This level is significant, as a breakout accompanied by high trading volume indicates strong buying interest and potential upward momentum. Traders should monitor this key level closely, as maintaining price action above 162.000 could signal further gains in the EUR/JPY pair.
☑️ Pair Name : EUR/JPY
Time Frame : 1hrs Chart / Close
Scale Type : Large Scale
Best Break Our / Key level's 1hr Tf
☑Bullish After Break Out key level + High Volume / 162.000 Point
EUR/JPY Tests Key Resistance: Breakout or Pullback?EUR/JPY Analysis
Key Resistance Zone:
The price is currently testing a key resistance zone near the 164 level, which has previously acted as a strong barrier. A successful breakout above this zone could signal further bullish momentum.
Rising Trendline Support:
The price has consistently found strong support from the ascending trendline, confirming the overall bullish structure of the market.
EURJPY: 1D MACD Bullish Cross confirming uptrend.EURJPY is neutral on its 1D technical outlook (RSI = 52.622, MACD = 0.070, ADX = 26.202) and with the formation of a Bullish Cross on the 1D MACD, this shows the enormous upside potential the price has inside the 5 month Bullish Megaphone. We expect a quick rise to the 1.382 Fibonacci extension (TP = 168.000).
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EURJPY Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for EURJPY below:
The instrument tests an important psychological level 162.62
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 161.30
Recommended Stop Loss - 163.32
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
DeGRAM | EURJPY fixed over the channelEURJPY is above the descending channel between the trend lines.
The price is moving from the dynamic support and has already consolidated above the descending channel.
The chart retains the harmonic pattern and is now testing the 62% retracement level.
We expect the growth to continue after consolidation above the resistance level.
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
EUR/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
EUR/JPY pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 161.025 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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EUR/JPY H4 | Approaching swing-high resistanceEUR/JPY is rising towards a swing-high resistance and could potentially reverse off this level to drop lower.
Sell entry is at 162.83 which is a swing-high resistance.
Stop loss is at 163.60 which is a level that sits above an overlap resistance.
Take profit is at 161.18 which is a swing-low support.
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