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EURJPY trade ideas

EURJPY → False breakout of resistance. Reversal?FX:EURJPY is testing the resistance of the trading range as part of a distribution movement, but the situation ends with a false breakout and price consolidation within the flat. Against the backdrop of the falling dollar, the Japanese yen is strengthening and thus exerting a corresponding influence on the currency pair. EURJPY is forming a false breakout of resistance within a distribution movement formed after a retest the support of the flat. The price returns to the channel. After a false breakout of resistance and a return of the price below a strong key level, a base is forming in the form of support at 163.2 (trigger). Resistance levels: 163.4, 163.6 Support levels: 163.2, 162.7 A breakdown of the 163.2 trigger and price consolidation below the key level could intensify the sell-off, triggering a further decline. Best regards, R. Linda!
Short
by RLinda
11
Lingrid | EURJPY support Zone Buy Setup in Sideways MarketThe price perfectly fulfilled my previous idea . FX:EURJPY is currently hovering above the 162.810 breakout level after reclaiming it following a fake breakout to the downside. The price action forms a potential higher low above the upward trendline, suggesting bullish continuation is in play. A successful bounce here could aim for 164.450 as the next resistance test. Momentum will likely pick up if the price stays above the rising trendline. 📈 Key Levels Buy zone: 162.810 Buy trigger: bullish candle bounce above trendline Target: 164.450 Sell trigger: daily close below 162.810 💡 Risks Trendline failure would negate bullish structure Resistance at 164.450 could attract sellers Consolidation may extend before a breakout confirms direction Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
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.
Long
by KlejdiCuni
2
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.
Long
by CEO-PREMIUM-ANALYSIS
6
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
Long
by LIVIATRACK
1
EURJOY Can continue to fall and Excite trigger moving EUR/JPY testing a key resistance level within a trading range. However, the recent attempt to break above this level resulted in a false breakout, followed by price consolidation within a flat structure. Amid a weakening U.S. dollar and a strengthening Japanese yen, the pair is experiencing cross-currency pressure. This has led to the formation of a strong support base around the 163.000 and 162.200 levels. Please note that and share your thoughts in comments for more analysis Thanks.
Short
by MrMartin_11
EURJPY could be about to soarThe price is stuck in a large ascending triangle pattern. But with stocks moving higher, cryptocurrencies gaining momentum, and the trade war easing, could this pattern finally break? Watch the video to see which levels matter. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
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.
by Smart_Trading_Strategy
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.
Short
by Novi_Fibonacci
Bearish reversal?EUR/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 163.18 Why we like it: There is an overlap resistance level that lines up with the 50% Fibonacci retracement. Stop loss: 163.18 Why we like it: There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement. Take profit: 161.61 Why we like it: There is a pullback support level. 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.
Short
by VantageMarkets
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
Short
by GianniPichichero
1
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.
Long
by GoldMasterTrades