Trading Signals for EUR/JPY buy above 163.38 or sell blow 163.38Early in the American session, the EUR/JPY pair is trading around 163.200, below the downtrend channel formed on may 13 and showing signs of exhaustion.
The euro could resume its bearish cycle in the coming hours. However, there is strong resistance around 163.836 and around 164.259. Both levels could act as a barrier to the euro. and after a technical rebound, it could resume its bearish cycle.
If the euro falls below 162.815, we could expect it to continue falling, with targets at the 200 EMA around 162.261, and it could even reach the bottom of the downtrend channel around 161.089.
The indicator is showing a negative signal, so any technical rebound will be seen as a signal to sell. The indicator also suggests that EUR/JPY could reach the psychological level of 158.280 in the short term.
EURJPY trade ideas
EURJPY Range Breakdown Alert | Watch 146.348 If Support Breaks!EURJPY is currently trading inside a well-defined sideways consolidation between 164.430 resistance and 155.073 support.
The pair is struggling to break above the resistance zone, and repeated rejections are pointing to a potential bearish move ahead.
📉 If we see a clean breakdown below 155.073 with volume confirmation, the next major support sits at 146.348.
⚠️ Always wait for confirmation before entering. Not financial advice – just a chart-based technical view.
EURJPY: First red day, new monthly cycle!Hello everyone and welcome back to my channel! As always, my analysis are not a financial suggestion, neither a way to predict the market direction.
Predicting and guessing is quite 50/50, my job is hunting the best trade setup for the day, and my analysis are only a tool to identify a great risk reward and to align the setup with the overall thesis.
EURJPY, ended the month of May with an interesting signal, and I'm looking to potentially complete a two week Pump and dump, if it will setup correctly during the upcoming days.
Let's see it in depth, zooming into the previous week!
Monday, opening range of the week, the weekly boundaries are in place, long triggered in the market, starting the day with a pump before Asia session.
Tuesday, initial balance, the market pumped stronger higher, expanding the range, setting the currently weekly high low.
Long traders have been triggered for the second time, and the market closed in breakout. (Other time frames may be driving this move!)
Wednesday, midpoint range of the week, nothing really happened, the market stayed inside, up high into the weekly high, closing the day as an "inside" signal, which typically can be an interesting signal for explosive move.
Thursday, the weekly high has been broken for the third time, long traders are triggered one more time, and eventually (we don't know it certainly), volume can be trapped up high, and the market could shift soon. The breakout of the weekly high, looks like failed and we might start watching for a great reversal.
Friday, last trading day of the week and the month of May, placed a lower low (breaking in structure) and pumped back up inside the daily range, near the Thursday closing price, closing the week as a first red day.
FIRST RED DAY, typical is a reversal signal when it setup properly, but as per my experience and backtest, I don't have many templates where the market fall on Monday. It might happen because it is the first day of the new month and we can see interesting moves, but currently I do not see the setup for today, unless major red news on schedule at 10am NYT might be particularly volatile.
What am I looking for?
In order to validate this signal, I want to partecipate in a pump and dump scenario, setting up during the 3 session Asia, London and NY, not necessarily today, but until the signal will be valid.
Can this market go higher?
Absolutely yes, I repeat, I'm not Nostradamus ahah I do not use technical analysis to forecast, but only to research for the risk reward eventually I will position myself in the market.
I will update this post until FRD signal will be valid!
Gianni
EURJPY: Well supported Channel Up aiming for 166.700.EURJPY is bullish on its 1D technical outlook (RSI = 58.535, MACD = 0.340, ADX = 24.438) and is staging right now a rebound on the 1D MA50. This comes only days after the 1D MA200 HL rebound tight at the bottom of the Channel Up. This is a great opportunity to buy and aim for the R1 level (TP = 166.700).
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EURJPY Ascending channel and bullish fvg 🚨 EURJPY Trade Setup 🚨
4H Timeframe Analysis by Livia 😜
💹 Pair: EURJPY
📈 Structure: Ascending Channel respected ✅
📊 Breakout: Confirmed above Bullish FVG – retest successful 🔥
📍 Entry Zone: 163.200 (Minor Support Holding)
🚀 Bias: Strong Bullish Momentum in play
🎯 Technical Target:
1️⃣ 165.000 – Next Key Resistance Level
🔒 Risk Managed – Watching PA for continuation or pullback setups.
#EURJPY #ForexSignals #PriceAction #BreakoutTrade #FVG #SmartMoney #TechnicalAnalysis #4HChart #LiviaTrades
EURJPY : Bullish Breakout Indicates a Bigger MovementEURJPY: Bullish Breakout Indicates a Bigger Movement
Yesterday, during the ECB rate decision, EURJPY broke out from a large bullish pattern.
Actually, the price is testing the broken resistance, now turned into support.
The price is already testing 164.20 and probably during the coming week EURJPY may start a bigger bullish movement with targets 164.15 and 165.60
You may find more details in the chart!
Thank you and Good Luck!
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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: Move Up Ahead! 🇪🇺🇯🇵
EURJPY is going to rise more after breaking
a resistance line of a tiny horizontal consolidation range
that was formed on a retest of a recently broken daily structure.
Goal - 164.8
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EUR_JPY VERY RISKY LONG|
✅EUR_JPY is set to retest a
Local support level below at 162.900
After trading in a local downtrend for some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 163.112
LONG🚀
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As ECB Ready's "Final Cut", EJ "Begins Reversal"OANDA:EURJPY has began to potentially form a very strong Triple Reversal Pattern, The Head and Shoulders @ the Resistance Level lasted visited May 14th.
I say "potentially" because the "Right Shoulder" or recent Lower High has been created but we still wait for the final decline to the "Neckline" or Support Area formed by the Lows separating the "Head" from the "Shoulders" or Higher High from the Lower Highs in the pattern!
Signs of Potential Head & Shoulders:
1) Left Shoulder is an Oversold High
2) A Higher High is created at a level of Resistance
3) The Head not only has the Most Volume concentrated in the Pattern, but is also the start of the RSI Divergence from Price
4) Right Shoulder is formed and unable to surpass the Left Shoulder
..Bringing us to a very important tell..
5) Volume Decreases and logs a 3rd Divergent High in the RSI @ the creation of the Right Shoulder
Now we must WAIT for CONFIRMATION of the Pattern!
This will come when Price:
1) Declines to the Neckline
&
2) Makes Successful Breakout
Once the Head & Shoulders is Confirmed and Breakout is Validated:
- This could deliver great Short opportunities as a Head and Shoulders Breakout and Retest at the Neckline being the Last Line of Defense for the Bulls if Bears can push Price through and pick up Volume!
Fundamentally, BOJ Governor Kazuo Ueda will be speaking on Tuesday, June 3rd where we could see volatility come in for JPY.
The ECB is expected to cut rates by 25 bps from 2.4% to 2.15% on Thursday, June 5th and this could be the Last Cut we see the ECB plan to make until they see downside growth risks make more cuts likely.
EURJPY: Waiting For ConfirmationEURJPY is currently in a bullish trend. Following a new higher high and close on the 4-hour chart, the pair started to consolidate within a horizontal range.
I'm looking for a bullish breakout above the resistance level, with a close above 164.26 on the 4-hour candle signaling buyer strength.
This would confirm a continuation of the bullish trend, with the next resistance target at 165.00.
Could the price bounce from here?EUR/JPY has reacted off the pivot that lines up with the 38.2% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 162.99
1st Support: 162.19
1st Resistance: 164.17
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EURJPY 4H Short Setup📘 Educational Caption for Your Trading Chat
🟥 EURJPY 4H Short Setup (Smart Money Strategy)
I’ve entered a short on EURJPY from 163.884, following a solid Smart Money narrative — price respected a previous Order Block (O-B) and showed strong rejection after mitigating a supply zone.
📉 Entry: 163.884
🎯 Target: 162.657
🛡️ Stop Loss: 164.302
⚖️ Risk-Reward: ~1:3 — a clean and high-probability setup
The setup is based on a bearish Break of Structure (BOS) and a retracement into a premium zone. We’re now seeing reaction and rejection from the inefficiency (FVG), indicating a potential move back to demand.
🔔 Note: Entries like this require patience. Always let the trade play out — no rush.
⚠️ Disclaimer: This trade idea is shared for educational purposes only. Make sure to conduct your own analysis and manage your risk accordingly.
EURJPY: Top-Down Analysis & Trading PlanEURJPY has surpassed and closed above a significant daily resistance level, which has now become support.
We are observing a retest of this broken structure.
To enter a long position, look for confirmation through a breakout of the horizontal range on the hourly chart.
A close of an hourly candle above its resistance will signal buyer strength.
A bullish continuation is expected towards the 164.63 level.
EURJPY Technical Analysis! SELL!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 163.50
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 162.79
My Stop Loss - 163.85
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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
EURJPY: Japan's (MoF) may reduce its issuance of long-term bondsEURJPY: The Japanese yen falls as Japan's Ministry of Finance (MoF) may reduce its issuance of long-term bonds.
Today, the Japanese yen is the worst-performing currency across the board.
The decline is linked to speculation that Japan’s Ministry of Finance (MoF) may reduce long-term bond issuance due to weak demand and rising yields.
This speculation stems from a rare questionnaire the MoF sent to market participants, asking for their views on issuance and overall market conditions. The move was seen as unusual, fueling concerns about potential changes in Japan’s bond strategy.
Technical Analysis
EUR/JPY has broken out of a complex inverse head and shoulders pattern, with the above news acting as a catalyst for its bullish momentum.
While the price may take a short pause, further upside remains likely, with targets at 164.30 and 165.00.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURJPY Weekly Analysis – Major Structural Breakout & Target🧱 1. Consolidation Zone: The Dual Directional Area
From around August 2024 to May 2025, EURJPY traded inside a well-defined consolidation range, marked between approximately 155.00 to 165.00. This phase can be categorized as a Dual Directional Zone, meaning both buyers and sellers had tactical entries, but the market was in accumulation/distribution mode.
This phase often traps breakout traders and builds liquidity on both sides.
Price repeatedly swept highs and lows inside this zone but lacked any commitment, signaling that larger players were building positions.
The flat structure over months hinted that a major move was imminent.
⚠️ 2. Major CHoCH (Change of Character)
The first clue of shifting momentum was the CHoCH, which signaled a change in direction and flow of control.
The lower highs and lower lows began to shift into higher lows, showing buying strength beneath the surface.
This change didn’t immediately lead to breakout, but it marked the early intention of bullish dominance.
🚀 3. Major BOS (Break of Structure): Confirming the Bullish Bias
The clean break above the range high was the confirmation of a major bullish BOS.
This wasn’t just a minor pop — it was an aggressive breakout, validating that institutional liquidity had been accumulated and was now being deployed.
The price ran swiftly toward the Bullish Target Zone (~177.50–180.00) with very little pullback, suggesting urgency from buyers or short-covering from trapped sellers.
🎯 4. Bullish Target Reached – What's Next?
Price has hit the projected Bullish Target Area — a region of prior imbalance and psychological round numbers.
Traders who caught the breakout now face a critical decision point: Will price continue higher into price discovery mode, or is this the exhaustion phase?
If price holds above the BOS level (~165.00), there’s still room for continuation. But signs of rejection or slowing momentum here could lead to a correction.
🔻 5. Bearish Alternative: Trap and Reversal Scenario
The bearish path is not out of play — in fact, this move upward could potentially be a liquidity sweep.
If price fails to stay above the BOS and rapidly closes back into the consolidation range, it would suggest a bull trap.
This would confirm a deviation, which often leads to violent reversals.
The projected Bearish Target Zone (~145.00–147.50) aligns with prior unmitigated zones and imbalance that may attract price if sentiment flips.
🧭 6. Trading Strategy & Risk Planning
For Bulls: Watch for consolidation above 165.00. Breakout + Retest entries toward 180.00 or beyond offer high R/R.
For Bears : Look for exhaustion or fakeout patterns (like a Quasimodo or supply engulfing) near current highs. A breakdown and close below 165.00 signals short entries targeting 150s and potentially 147s.
💬 Final Thoughts:
This chart is a prime example of how patience during a range and reaction after breakout pays off. Smart traders don’t chase — they prepare.
A bullish continuation may still be in play.
However, if this move was only a liquidity purge, the reversal could be deep and fast.
Stay alert, mark your key levels, and trade what you see — not what you feel.
ECB Rate Cut - EUR/JPY Trading ImpactThe European Central Bank (ECB) is expected to cut rates by 25 bps today, lowering the deposit rate to 2.00%. While this move is largely priced in, what matters for markets—especially EUR/JPY—is the forward guidance.
Relevance to EUR/JPY:
Rate Cut = EUR Bearish: Lower rates reduce euro appeal, especially vs. the yen, which is still heavily influenced by the Bank of Japan’s ultra-loose policy. A clear ECB dovish tone may weigh on EUR/JPY.
ECB Caution May Limit EUR Downside: If the ECB signals it's nearing the end of cuts or expresses concern over sticky inflation, it could support EUR. This would limit downside in EUR/JPY or even trigger a rebound.
BOJ Policy Still Ultra-Loose: Japan’s rates remain near zero, and unless the BOJ surprises with a hawkish shift (unlikely short term), EUR/JPY is more likely to react to ECB tone than BOJ policy.
Risk Sentiment Matters: EUR/JPY often tracks risk appetite. If markets interpret the ECB cut as growth-supportive, and global equities rise, EUR/JPY could hold firm or climb despite the rate cut.
Trading Implications
Dovish ECB = EUR/JPY downside, especially if markets price in more cuts.
"One-and-done" message = EUR/JPY support or slight upside.
Watch for BOJ comments or risk sentiment shifts to fine-tune positioning.