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EURJPY trade ideas

EUR/JPY Channel Formation (6.08.2025) The EUR/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the downside in the coming hours. Possible Short Trade: Entry: Consider Entering A Short Position around Trendline Of The Pattern. Target Levels: 1st Support – 169.74 2nd Support – 169.25 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you. 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 KABHI_TA_TRADING
18
Lingrid | EURJPY Trendline Breakout. Long From SupportThe price perfectly fulfilled my previous idea . FX:EURJPY is consolidating inside a tight range between 171.411 support and the downward trendline after rebounding from a higher low. Price is testing the upper boundary of this range, and a breakout could signal continuation toward the 172.800 resistance zone. Holding above 171.411 keeps the bullish bias intact, while rejection from the trendline could bring another retest of support. Momentum favors buyers if the breakout comes with strong volume. 📉 Key Levels Buy trigger: Break and hold above 171.775 Buy zone: 171.411–171.775 Target: 172.800 Invalidation: Drop below 171.411 💡 Risks Failure to break the downward trendline could spark a deeper pullback Rejection at 172.800 could trigger range-bound movement Weak euro sentiment from macroeconomic data may weigh on upside potential If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
Long
by Lingrid
10
EURJPY Faces Repeated Rejection at Key ResistanceEURJPY Faces Repeated Rejection at Key Resistance EURJPY has faced multiple rejections near the 172.30 structure zone, signaling strong resistance at that level. If price continues to hold below 172.30, the likelihood of a deeper decline increases, as suggested by the current chart setup. It’s also possible that EURJPY may retest the 172.00 zone before extending its drop toward the next support levels at 171.30, 170.90, and 170.00. 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
Short
by KlejdiCuni
3
EURJPY: Bullish Rebound from Key Demand ZoneEURJPY has bounced off a critical demand zone and is showing signs of a bullish recovery. Despite the recent pullback, the pair’s structure remains fundamentally and technically bullish, driven by JPY weakness and EUR resilience. Technical Analysis (4H Chart) Pattern: Price tested a strong demand zone near 170.35–170.50 and rejected it aggressively. Current Level: 170.77, starting a potential bullish leg toward higher resistance levels. Key Support Levels: 170.35 – key demand zone and invalidation level for bulls. 169.90 – deeper support if demand zone breaks. Resistance Levels: 172.17 – first bullish target and interim resistance. 173.64 – major target if bullish continuation sustains. Projection: A successful rebound from 170.35 could drive price toward 172.17 initially, then 173.64 if momentum holds. Fundamental Analysis Bias: Bullish. Key Fundamentals: EUR: ECB’s slower path toward easing supports EUR stability relative to JPY. JPY: Weakness persists as BoJ maintains dovish bias, though FX intervention risk limits JPY downside speed. Global Sentiment: Mild risk-on mood supports EUR strength against JPY. Risks: BoJ verbal intervention or actual FX intervention could trigger temporary JPY strength. Sharp reversal in global risk sentiment could weaken EUR/JPY. Key Events: ECB speeches and data (CPI, growth updates). BoJ FX comments and broader market risk appetite. Leader/Lagger Dynamics EUR/JPY is a leader among JPY pairs, often moving in sync with GBP/JPY and CHF/JPY. Its movement also tends to precede confirmation in risk-sensitive JPY crosses. Summary: Bias and Watchpoints EUR/JPY is bullish from the 170.35 demand zone, with a potential move toward 172.17 and 173.64. Key watchpoints include ECB communication, BoJ stance, and market risk sentiment. As long as 170.35 holds, bulls remain in control.
Long
by ultreosforex
4
EUR/JPY Setup: Thief Trader's Stealth Bull Run to 173.000🔥💶 EUR/JPY Bullish Heist Plan 💶🔥 🧠 New Plan Unlocked – The EUR/JPY Bullish Mission is LIVE! Thief Trader style means: No noise, no fluff — just pure sniper precision with layered limit orders. 🧤🔫 This isn’t trading… it’s a planned market robbery 💼💣 🧩 Asset: EUR/JPY 📊 Strategy: Bullish Bias with Stealth Layered Entries (Limit Order Gameplan) 🎯 Target: 173.000 — That’s the vault we’re cracking! 🛑 Stop Loss: 169.100 — Tight security, keep your escape route clean. 📍 Entry: No fixed door — we’re setting traps (limit orders) across key levels. Patience pays thieves. Watch for pullbacks on lower timeframes: 15m, 30m, or even 1H — strike near support bounces & fakeout wicks. 🐍💥 🔍 Thief Logic: This ain’t random — price is setting up for a high-stakes move north with JPY weakness fueling the getaway car. Think smart, layer deep — sniper entries, not shotgun chaos. 🎯🔍 📌 Notes from the Safe House: Trade with position sizing discipline – the market doesn’t owe you. News events are motion sensors — avoid them or stay light! 🕵️‍♂️📉 Use trailing SLs once in profit — secure the bag and vanish. 💼💨 💣 Ready to steal pips, not hope? Hit that 👍, drop a 💬, and join the crew. This is Thief Trading — we don’t follow markets, we outsmart them. 🧠💵 Stay sharp, stay silent… profit loud. 🐱‍👤📈💸 🔥 Tap Boost. Support the Heist. Run the Charts. #ThiefTrader 🧤💰
Long
by The-Thief
2
EURJPY – Bearish Reversal Looming from Key Resistance ZoneAfter a strong recovery rally, EURJPY has once again hit the 172.30 resistance zone a level that has repeatedly acted as a ceiling for price action. This latest retest comes with signs of momentum fading, and I’m eyeing a potential reversal that could send the pair back toward key support zones. With broader yen strength creeping in on safe-haven flows and the euro’s upside capped by a cautious ECB, this setup is looking primed for sellers to step in. Current Bias Bearish – The pair is struggling to break and hold above the 172.30 resistance zone. Price action is showing rejection wicks on the H4 chart, indicating potential distribution before a move lower. Key Fundamental Drivers Euro Side: The ECB remains cautious on further tightening, with growth concerns in the eurozone limiting the upside for EUR. Recent industrial production softness and muted inflation expectations cap bullish momentum. Yen Side: The BoJ’s shift toward a slightly less accommodative stance, combined with safe-haven demand amid global trade tensions and Trump’s tariff rhetoric, supports JPY strength. Risk Sentiment: Ongoing uncertainty around global growth and trade flows benefits JPY as a defensive asset, putting downside pressure on EURJPY. Primary Risk to the Trend A surprise hawkish tilt from the ECB or strong eurozone economic data could fuel renewed buying pressure, forcing a breakout above 172.98. A sudden drop in risk-off sentiment or a rebound in global equities could weaken JPY demand and negate the bearish bias. Most Critical Upcoming News/Event Eurozone GDP and Industrial Production data – Any significant beat could temporarily lift EUR. Japan CPI and BoJ commentary – Inflation beats or hawkish language could accelerate JPY gains. Geopolitical headlines – Trade tensions between the US and China remain a key driver for yen demand. Leader/Lagger Dynamics EURJPY is acting as a lagger in the current yen move, with USDJPY leading the direction for JPY crosses. Any decisive move in USDJPY—especially a break lower—would likely spill over into EURJPY. The pair also tends to mirror risk sentiment shifts seen in equity indices like US500, making global sentiment a secondary driver. Summary: Bias and Watchpoints I’m maintaining a bearish bias on EURJPY as long as price stays below the 172.30 resistance zone. My stop-loss is placed just above the 172.98 swing high to protect against a bullish breakout. First targets sit at 171.43, then 170.65, with an extended downside target near 169.73 if momentum builds. A clean break below 170.65 would open the path for deeper declines, while any sustained break above 172.98 would invalidate this setup. In short, I’m watching for rejection confirmation from resistance and will be tracking USDJPY closely as the leader for yen sentiment.
Short
by ultreosforex
1
EURJPY Buyers In Panic! SELL! My dear subscribers, EURJPY looks like it will make a good move, and here are the details: The market is trading on 172.25 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 171.49 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. 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
Short
by AnabelSignals
2
EURJPY: Rejection Block Support Fuels Bullish momentum!Greetings Traders, In today’s analysis of EURJPY, recent price action confirms the presence of bullish institutional order flow. As a result, we aim to align ourselves with this directional bias by seeking high-probability buying opportunities that target the long-term highs, where a significant liquidity pool resides. Key Observations: Weekly Timeframe Insight: Last week, price retraced into a weekly bullish Fair Value Gap (FVG), which has acted as a strong support zone. This reaction has initiated a bullish response across lower timeframes, validating the weekly FVG as a meaningful area of institutional demand. H4 Bullish Market Structure Shift: Following the weekly bounce, the H4 chart presented a clear bullish Market Structure Shift (MSS), signaling the onset of upward momentum. Price then retraced into an extreme discount, where it found support at a well-defined Rejection Block—an institutional array we expect to hold as a launchpad for further bullish continuation. Trading Plan: Entry Strategy: Monitor the Rejection Block zone for bullish confirmation setups on lower timeframes (M15 and below) to validate potential long entries. Target Objective: The draw on liquidity remains at higher premium levels, with the liquidity pool above the long-term highs serving as our primary objective. For a detailed market walkthrough and in-depth execution zones, be sure to watch this week’s Forex Market Breakdown: As always, exercise patience, wait for confirmation, and maintain strict risk management. Kind regards, The Architect 🏛️📈
Long
by The_Archi-tect
EURJPY–Rising Channel Weak High Reversal Setup/Targeting 166.00EURJPY on the Daily chart has been moving within a well-defined upward channel, but price is now testing a weak high near 174.025. Key observations: Head & Shoulders Structure: Formed earlier with three clear bottoms acting as strong historical support. Bullish Trendline: Intact throughout the rally, now showing signs of slowing momentum. Supply Zone: Overhead resistance aligning with channel top. Potential Pullback: A break below recent highs could trigger a move toward the 166.017 target area. Market Structure: Break of structure (BOS) and lower high formation could signal reversal. 📉 Bearish Scenario: Rejection from 174.025 and a breakdown below trendline support may lead to a deeper correction. ⚠ Invalidation: A daily close above 174.025 could extend the rally further. Analysis is for educational purposes only, not financial advice.
Long
by ProfitMagnet-Pro
EURJPY Double Bottom + Triangle Breakout | Expecting 172.900 In this time I am going to look a long in this pair because I can see a strong double bottom formation with strong demand area. After touching this demand zone, price bounced back and now making a triangle breakout. The breakout from the triangle gives more power to the upside move, and I am expecting price to continue bullish till 172.900 level. After reaching this zone, I will wait to see how price reacts for next move. This is just my view based on pattern and breakout.
Long
by ClearTradingMind
DeGRAM | EURJPY exited from the channel📊 Technical Analysis ● EURJPY broke above the descending channel’s resistance line near 171.38, holding within an ascending wedge that favors bullish continuation. ● A sustained move above 172.17 opens the way toward 173.06, with intraday pullbacks likely retesting the breakout area for support. 💡 Fundamental Analysis ● The euro gained as ECB officials signaled no immediate rate cuts, while the yen remains pressured by Bank of Japan’s commitment to ultra-loose policy despite rising inflation expectations. ✨ Summary Buy above 171.38; target 173.06. Setup remains valid while price stays above 171.00. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Long
by DeGRAM
1
EUR/JPY Rally From 170 - Can Bulls Get the Higher-High?Recovery week so far in EUR/JPY. Last week saw price plunge down for a test of the 170 handle and that played right around the BoJ rate decision. The response to that, however, was clearly Yen-weakness as EUR/JPY jumped up to the 61.8% Fibonacci retracement of the prior sell-off. More interesting, however, was how the pair was hammered around and just after the Friday NFP report. That EUR/JPY weakness held through the weekly open, but it was again the 170.00 level that bulls came in to defend, and since then, buyers have been pushing a bullish sequence via short-term price action and the door remains open for continuation. The next big test is that 61.8% retracement that held the bounce last week. That plots at 172.30 and above that is the 172.50 psychological level, so that resistance can be approached as a zone. If bulls can chew through that the recovery takes on another level of attraction and the door opens wider for a run up to 173.00 after which the 173.90 prior high is exposed as next resistance. - js
by FOREXcom
EUR/JPY REVERS AND FALL TO 167.000Price has hit a strong supply zone (resistance) The market has reached a key supply zone, marked by the red shaded area. This is where sellers previously entered the market aggressively, causing a sharp drop. Price revisiting this zone suggests a possible rejection or distribution phase by institutional players, RSI is overbought The Relative Strength Index (RSI) is currently around 73.21, above the 70 threshold → Overbought. This indicates bullish momentum may be exhausted, and a potential reversal could happen soon. If price makes a new high but RSI fails to follow → it may lead to a bearish divergence signal. Trade idea (based on chart): Sell Entry: 172.00–172.20 Stop Loss: Above 172.40 Take Profit 1: 170.00 TP 2: 168.00 TP 3: 166.99 (final demand zone). DO YOU AGREE WITH THIS?
Short
by Rithy