EURJPYthe Current EUR/JPY Price price action and directional bias today , EUR/JPY is trading at 169.038 consolidating within a temporary sideways range between 168.60 (support) and 169.659 (resistance). The pair is testing key technical levels amid mixed fundamental drivers.
Eurozone and Japan 10-Year Bond Yields
Eurozone 10Y Bond Yield (EU10Y) 2.561% , reflecting moderate stability despite ECB rate cuts.
Japan 10Y Bond Yield (JB10Y): 1.424% , down slightly from 1.44% from the daily high .
Central Bank Policy Rate ECB) is 2.00% (Deposit Facility) Cut by 25 bps on June 5, 2025, citing inflation at target (2%) and growth projections of 0.9% for 2025.
while BOJ 0.50% (Short-Term) was Held steady on last policy meeting by top boj leadership brass.BOJ signaled slower bond-purchase reductions in 2026 amid fiscal concerns and market volatility.
Interest Rate Differential and Carry Trade Dynamics
Rate Differential: +1.50% (ECB’s 2.00% vs. BOJ’s 0.50%), favoring EUR-funded carry trades.
Bond Yield Spread: +1.13% (EU10Y 2.56%% vs. JB10Y 1.43%), enhancing EUR/JPY’s appeal for yield-seeking investors.
Carry Trade Implications:
The positive rate differential supports bullish EUR/JPY momentum, as investors borrow low-yielding JPY to invest in higher-yielding EUR assets.
However, JPY strength has emerged recently due to BOJ hawkish expectation, Japan’s core inflation hit a >2-year high in May, fueling bets on future rate hikes.
Geopolitical easing: The Israel-Iran ceasefire reduced safe-haven JPY demand, partially offsetting carry trade pressure.
Technical Outlook for EUR/JPY
Bullish Bias: The pair awaits a breakout above 169.659 to target 170.00 bullish ascending trendline breakout
Key Risks:
Failure to breach 169.659 could trigger a correction toward 167 and below especially if BOJ maintains hawkish rhetoric's
A drop below 167.may activate bearish momentum, though the broader uptrend remains intact.
Technical Breakout: A close above 169.659 could accelerate gains toward 170.00.
Central Bank Divergence: The ECB-BOJ rate spread (+1.50%) and bond yield spread (+1.13%) underpin EUR strength, though JPY resilience from inflation/hawkish BOJ risks may cap upside.
Risk Sentiment: Further geopolitical calm could weaken JPY’s safe-haven role, amplifying carry trade inflows into EUR/JPY.
#eurjpy
Forex market
EUR-CAD Local Long! Buy!
Hello,Traders!
EUR-CAD is trading in an
Uptrend and the pair is
About to retest a horizontal
Support of 1.5933 and as
We are locally bullish biased
We will be expecting a
Local bullish rebound
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Potential bullish rise?AUD/USD is reacting off the resistance level which is a pullback resistance and could rise from this level to our take profit.
Entry: 0.6537
Why we like it:
There is a pullback resistance level.
Stop loss: 0.6490
Why we like it:
There is an overlap support level.
Take profit: 0.6624
Why we like it:
There is a resistance level that aligns with the 138.2% Fibonacci extension and the 100% Fibonacci projection.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
AoO Series No.2 - follow upThe development on the 4H time frame suggests that price would like to retrace to the D FVA before continuing higher. However, we do not want to get involved in shorts yet. We just observe the retracement.
A good reaction from the FVA could give us a nice entry to continue higher.
EUR/USD | Bullish SMC SETUP EUR/USD | 15min | Bullish SMC Setup 🚀💶
Price swept Asian session lows into a higher timeframe demand zone, followed by a strong bullish BOS (Break of Structure). We’re now anticipating a pullback into the FVG (Fair Value Gap) + LQC (liquidated candle) and demand zone for potential continuation to the upside.
The entry idea is based on:
🔹 Liquidity Grab (sell-side sweep)
🔹 BOS confirmation
🔹 FVG + Demand confluence
🔹 Expecting bullish continuation toward previous high and premium zone.
Waiting for price to tap the zone before riding the wave up! 📈
You can wait for confirmation on 5min TF after tap into POI
Let’s see if it delivers.
#SMC #EURUSD #Liquidity #SmartMoney #FXTradingClub #OrderFlow #Sam_trades_smc
Bearish drop off pullback resistance?USD/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 144.61
Why we like it:
There is a pullback resistance level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 146.11
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 142.70
Why we like it:
There is a pullback support level that aligns with the 100% Fibonacci projection.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish reversal?USD/CAD is falling towards a support level, which acts as a pullback support just above the 78.6% Fibonacci projection. A bounce from this level could indicate the formation of a double bottom pattern, potentially leading to a price rise toward our take profit target.
Entry: 1.3555
Why we like it:
There is a pullback support levle.
Stop loss: 1.3465
Why we like it:
There is a support level that lines up with the 127.2% Fibonacci extension and the 100% Fibonacci projection.
Take profit: 1.3677
Why we like it:
There is a pullback resistance.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
CAD-CHF Bullish Rebound Ahead! Buy!
Hello,Traders!
CAD-CHF fell down sharply
And the pair was oversold
So we are not surprised to
See a bullish rebound from
The strong horizontal support
Around 0.5830 level and we
Think that we are likely
To see a further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPUSD GBPUSD has completed its bullish leg, reaching our previously identified target zone.
Current price action indicates potential exhaustion, and we are now actively monitoring for a short setup, targeting the 1.37200 level, which aligns with a minor inefficiency and previous structural support turned resistance.
This move is supported by overextended intraday momentum on the 15-minute chart, along with bearish divergence forming against key price levels — suggesting a potential retracement phase.
Risk Management Strategy:
Entry: Upon confirmation of a bearish setup (e.g., rejection from a lower high or failure to break recent highs with strength).
Stop-Loss: Placed above the most recent swing high or invalidation level, ensuring protection against false breakouts.
Target: 1.37200, offering a favorable risk-to-reward ratio of at least 1:2.
We’ll continue to monitor price behavior closely and adjust if momentum shifts or invalidation levels are breached.
Market next move Disruption of the Bullish USD/JPY Analysis
1. Weak Bullish Momentum
The current bullish attempt is showing small-bodied candles with low follow-through.
Disruption: This suggests a lack of conviction from buyers. If there’s no strong bounce soon, it could indicate distribution rather than accumulation.
2. Volume Imbalance
Notice the recent spike in bearish volume (red bars), especially during the last price drop.
Disruption: Volume is supporting the downtrend, not the rebound. This suggests sellers are still in control.
3. Lower High Structure
The price recently failed to form a higher high and continues forming lower highs and lower lows.
Disruption: This pattern is a classic sign of a continuing bearish trend, contradicting the bullish target.
4. Fundamental Headwinds
The U.S. economic icon (flag) suggests an upcoming high-impact event — likely NFP, GDP, or rate decision.
Disruption: If U.S. data is weak or if there's talk of the Fed pausing rate hikes, USD could weaken, pushing USD/JPY further below 144.000.
Yen rises sharply, Tokyo Core CPI nextThe Japanese yen has posted strong gains on Thursday. In the North American session, USD/JPY is trading at 144.14, down 0.55% on the day. Earlier, USD/JPY fell as low as 143.75, its lowest level since June 13.
Tokyo Core CPI, a leading indicator of nationwide inflation trends, will be released early Thursday. Tokyo Core CPI hit 3.6% in May, its highest level in over two years. The market estimate for June stands at 3.3%.
The Bank of Japan has signaled that more rate hikes are on the way, provided that inflation continues to move towards the BoJ's level of a sustainable 2%. However, trade talks between the US and Japan have hit a snag, with Japan saying it can't accept US tariffs of 25% on automobiles. The clock is ticking, as US reciprocal tariffs will take effect on July 9 without a deal.
The markets are eyeing a possible rate hike in July, which would be the first rate hike since January. The BoJ meets next on July 31, and if the two sides can reach a trade deal before then, it could cement a rate hike at that meeting. Even if the BoJ maintains rates at the upcoming meeting, investors will be keen to see the new inflation and growth forecasts.
The BOJ's summary of opinions from the June meeting, released Wednesday, didn't provide much insight into the BoJ's rate path. Board members were divided over whether to raise rates in a period of economic uncertainty over the impact of US tariffs on Japan's economy.
There is support at 144.59 and 143.93
145.27 and 145.93 are the next resistance lines
Market next target 🔁 Disruption of the Current Bullish Analysis
1. Resistance Rejection Likelihood
The chart suggests a breakout above resistance will turn the red box into support.
Disruption: The price is currently at a key resistance zone, and multiple rejections in this area previously suggest selling pressure.
We could see a double top formation or a false breakout trapping bulls.
Look for wicks or long upper shadows indicating weakness.
2. Volume Divergence
Recent bullish candles show declining or inconsistent volume.
Disruption: A strong bullish breakout requires rising volume. If volume doesn't confirm price action, this move may lack conviction and reverse sharply.
3. Overbought Conditions
After a strong uptrend, RSI or Stochastic indicators (not shown, but implied) could be entering overbought territory.
Disruption: This suggests limited upside and a potential for mean reversion or correction.
4. Bearish Candlestick Pattern Watch
Watch closely for a bearish engulfing, shooting star, or evening star at this resistance zone.
Disruption: Any bearish reversal pattern here would strongly contradict the bullish breakout thesis.
Market next move
🔁 Disruption of the Current Analysis
1. False Breakout Scenario
The chart assumes a bullish move breaking resistance before a bearish reversal.
Disruption: This could be a false breakout, where the price appears to break above resistance but lacks strong volume and momentum. Traders get trapped long, and the price quickly reverses below resistance, invalidating the bullish leg entirely.
2. Stronger Uptrend Continuation
Despite calling for a bearish target, the overall trend appears strong with higher highs and higher lows.
Disruption: Instead of a retracement, EUR/USD could break through the resistance zone convincingly, possibly reaching 1.1750–1.1800, supported by:
Increasing volume
Bullish candles closing above resistance
No signs of bearish divergence on RSI/MACD (if added)
3. Fundamental Factors
The chart ignores macro data.
Disruption: If upcoming EU economic data is stronger than expected, or if US data disappoints, the euro could strengthen further.
Upcoming events with the euro and US flags suggest possible volatility.
4. Volume Contradiction
Recent bullish candles are supported by strong volume, suggesting accumulation.
Disruption: If smart money is accumulating positions, this would support further bullish continuation, not reversal.
EUR/USD RALLY CREATES NEW BUY ZONE!Hey traders so continuing to watch the Euro.
Don't you just love it when a trade plan comes together and everything goes as you expect?
Don't get too excited normally we only get our forecasts right around 50% of the time!
However this one is working out well so far so now where to from here?
The Trend is your Friend until it bends or breaks.
Same plan wait for the pullback or profit taking from this rally when it drops buy again at the trendline. Im not going to say it's always this easy but you don't need indicators to draw a straight line and connect 3 bars.
Trading can be simple or complicated the easier we keep it the better imo.😁
Place stop below trendline or support as US Dollar Continues to weaken this trend should continue to move in our favor.
If Bearish I normally don't recommend counter trend trading because it can be difficult. So unless I see the US Dollar Index Bottom I don't think the trend will have any major changes.
Another thing if you are still long you can enter more positions on this next pullback. That way you can build a larger position in a trending market.
It's like playing the waiting game be patient and eventually she will come to you!
Always use Risk Management!
(Just in we are wrong in our analysis most experts recommend never to risk more than 2% of your account equity on any given trade.)
Good Luck & Hope This Helps Your Trading 😃
Clifford