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EURJPY trade ideas

EURJPY - Already Over-Bought!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈EURJPY has been overall bullish trading within the rising wedge pattern marked in blue. However, it is currently retesting the upper bound of the wedge. Moreover, the green zone is a major weekly high. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper blue trendline and weekly high. 📚 As per my trading style: As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by TheSignalyst
17
EURJPY Bulls in Trouble? Massive Rejection Signals📉 Full Multi-Factor Analysis – EUR/JPY 🔍 1. Price Action EUR/JPY strongly rejected the key supply zone between 164.80–165.50, aligned with a major static resistance. Last week's breakout was invalidated by a clear bull trap, followed by a bearish engulfing candle. Price broke below the ascending channel drawn since April and is now heading toward the 162.00 demand area. The weekly RSI shows a bearish divergence, confirming a slowdown in momentum. ➡️ Technical Bias: Bearish toward 161.50–162.00, with a possible extension to 160.00. 💼 2. COT Data – Commitment of Traders EUR Futures (CME) Strong increase in commercial longs (+16,095) and non-commercial shorts (+4,830). Suggests smart money is accumulating while retail/speculators are pressing shorts — potential accumulation, but no breakout yet. JPY Futures Significant rise in non-commercial shorts (+10,575), while long positions declined. The yen remains pressured, but extreme positioning could fuel a reversal if sentiment flips. ➡️ COT Takeaway: Euro remains in bullish consolidation. Yen is heavily oversold — ripe for mean reversion. Caution warranted. 📊 3. Retail Sentiment 80% of retail traders are short from an average price of 160.46, while price now sits at 164.86. The crowd is deep in drawdown — a typical condition for short-term consolidations or fakeouts before reversals. ➡️ Implication: Price may hover around 164+ to trap remaining retail shorts before unwinding. 📈 4. Seasonality June seasonality for EUR/JPY is historically neutral to bearish. Only the 5-year data shows strength, while 15Y and 20Y trends reveal consistent downside starting mid-June. ➡️ Seasonal Outlook: Adds further weight to a bearish correction scenario for the second half of the month. ✅ Actionable Summary 📌 Weekly Bias: Bearish 📉 Main Target: 162.00–161.50 📉 Extended Target: 160.00 📈 Invalidation: Weekly close above 165.60 🧠 Final Thoughts All major elements — price action, COT, sentiment, and seasonality — point toward a corrective move on EUR/JPY. Given the strong underlying trend and retail’s positioning, watch out for bull traps before deeper downside. Best setup: Sell the pullback or wait for clean breakdown below 163.00.
Short
by EdgeTradingJourney
10
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! ❤️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.
Long
by KlejdiCuni
10
Technical Analysis: JPY Price Action Near Resistance – Potential📊 Technical Analysis: JPY Price Action Near Resistance – Potential Reversal Ahead? ⚠️ --- 🔍 Overview: This chart illustrates the recent price action of a JPY-based asset (likely a JPY forex pair), currently testing a major resistance zone around the 165.286–165.500 area. The market is reacting sharply at this level, suggesting a possible rejection and correction downward. The setup is marked with well-defined support/resistance levels and potential retracement targets. --- 🟧 Key Zones: 🛑 Resistance Zone (165.286 – 165.500): Price is currently reacting at this overhead supply zone. This level has historically rejected bullish attempts, as seen in previous price action. 🟩 Support Zone (161.302 – 161.550): This demand zone has served as a strong base previously and is marked as the final potential retracement level (labeled "4") in the chart. --- 🔻 Retracement Levels: Labeled as 1 through 4 in purple lines: 1. Level 1 – 163.948 🟣: Initial minor support; might provide a short-term pause if price pulls back. 2. Level 2 – 162.803 🔄: Mid-level support; watch for consolidation or bounce. 3. Level 3 – 162.091 🧲: Stronger support and possible bounce level. 4. Level 4 – 161.550 🛡️: Key support aligning with historical demand zone. A break below this could signal trend reversal. --- 🔄 Price Projection: The curved arrow indicates a potential correction from the resistance zone down toward the support levels, especially targeting Zone 4. This move reflects a typical market reaction when price meets strong resistance after a steep rally. --- 📈 Strategic Implications: For Bulls 🐂: Wait for confirmation of support at any of the retracement levels (especially 3 or 4) before entering. For Bears 🐻: This is an optimal area to look for short entries, especially if bearish candlestick patterns confirm rejection from the resistance zone. --- ✅ Conclusion: Price is at a critical decision point near major resistance. A bearish reversal is likely if the resistance holds, with a corrective move toward 161.302–161.550 being the most probable target range. Traders should watch for confirmation signals before committing to positions. --- 📌 Tip: Keep an eye on candlestick patterns and volume at the resistance zone to validate the reversal hypothesis.
Short
by MrStellanSight
1
EURJPY Be ready to sell soon.Last time we looked at the EURJPY pair (February 26, see chart below), we gave a clear buy signal that wasted no time hitting straight our 162.250 Target: With the Lower Highs trend-line now broken, a new pattern has emerged and that's a (blue) Channel Up. The current Bullish Leg is headed straight to the 8-month Resistance Zone, so we will be turning bearish there, targeting the 1D MA200 (orange trend-line) at 162.250. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
EURJPY Followed ascending channel selling strong from resistanceOANDA:EURJPY Analysis – 4H Timeframe EURJPY has been respecting the ascending channel but is now showing strong bearish momentum after reacting from the key supply zone at 164.800. 🔻 Technical Targets: 1st Target: 164.000 2nd Target: 162.000 The setup suggests a potential short opportunity as price breaks structure and momentum shifts. Stay sharp! ⚡ ✅ Like | 💬 Comment | 🔔 Follow for more updates — By Livia 😜 #EURJPY #ForexTrading #TechnicalAnalysis #PriceAction #SupplyAndDemand #4HChart #TradingSetup
Short
by LIVIATRACK
1
EUR-JPY Pullback Ahead! Sell! Hello,Traders! EUR-JPY keeps growing Just as I predicted in my Previous analysis and the Pair is locally overbought So after the pair hits the Horizontal resistance above At 166.715 we will be Expecting a local pullback And a bearish correction Sell! 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.
Short
by TopTradingSignals
1
EURJPY Supply Tap! Bearish Reaction Coming?EURJPY (30-Min) | Supply Zone Hit + Bearish Reversal Setup This EURJPY move is brewing into a classic SMC bearish play — engineered liquidity run, supply zone reaction, and a projected melt to imbalance below. Let’s dissect the ninja logic 🧠📉 🔍 Breakdown of the Setup: 🟥 Supply / Order Block Zone Price enters a strong bearish OB zone between 165.100–165.397 Previous rejection wicks in this zone = smart money sell interest Price now testing that area again — potential for liquidity sweep + reversal 🟪 Multi-Zone Confluence Multiple overlapping zones stacked: OB, mitigation block, and liquidity sweep area Perfect spot for Smart Money to unload positions before sending price lower 📏 Risk-Reward Optimization Entry near 165.100–165.397 zone Stop Loss placed slightly above the last rejection wick (above 165.397) Take Profit projected around 163.378 based on measured impulse leg and imbalance fill 🧠 Liquidity Narrative The rally into supply is likely a buy-side liquidity hunt Smart Money often drives price into key zones before triggering reversals Price may wick above 165.171 to fake bulls before a strong sell-off 🧠 Chart Ninja Entry Plan: 🔻 Entry Zone 165.100 – 165.397 (Supply OB) 🛡 SL Above 165.450 (above wick / last structure high) 🎯 TP Target 163.378 (imbalanced fill target) ⚖️ RRR Approx. 1:4+ depending on entry precision 🥷 Chart Ninja Note: “The trap is always set where the crowd feels the safest — and that’s exactly where the ninja strikes.” 🥷📉 This setup could be a clean ride down if price reacts as expected. Confirmation entry = bearish engulfing on M15 or M30. 🔁 Bonus Observation: You can see lower timeframes building internal liquidity, meaning we might get a sharp, volatile drop once that top wick finishes sweeping. 📍Mark this zone and set an alert — entry can trigger fast! 🔥 What’s your confirmation style — engulfing candle or breaker structure?
Short
by ChartNinjas88
EURJPY Will Go Higher From Support! Buy! Please, check our technical outlook for EURJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 164.890. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 166.192 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY Up Trend breakdown ahead selling strong now EURJPY Bearish Breakdown Alert! 🔥 The bullish trend has been broken decisively with a strong bearish engulfing candle on the 1H timeframe — sellers are now in full control! 👊 💥 Entry Level: 165.600 🎯 Technical Targets: 1st Target: 164.700 (Key Demand Zone) 2nd Target: 164.000 (Next Demand Zone) 3rd Target: 163.100 (Bullish Order Block) 📊 Watch for momentum and possible reaction at each zone — manage risk accordingly! — 🔔 Like, follow, comment, and join us for more real-time trade setups and updates! By Livia 😜 — trade smart, stay sharp! 💼📈
Short
by LIVIATRACK
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 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.
Long
by ICmarkets