EURJPY → Retest support before growthFX:EURJPY has been correcting since the opening of the European session. The movement was triggered by yesterday's news related to the trade deal between the US and Europe...
EURJPY is reacting to news related to the deal between the US and Europe. A correction is forming amid the fall of the euro, but against the backdrop of the dollar's growth, the currency pair has a chance to rise if the bulls keep the price in the buying zone relative to the support level of 173.08.
The dollar is rising, and against this backdrop, the Japanese yen is falling. Bulls have every chance of holding their ground above the previously broken resistance. If the market confirms support, we will have chances for growth.
Resistance levels: 173.87
Support levels: 173.082, 172.47
The currency pair may form a liquidity trap relative to the previously broken consolidation resistance. A false breakdown of support and price consolidation in the buying zone (above 173.1) could trigger further growth.
Best regards, R. Linda!
EURJPY trade ideas
EURJPY: Bullish Move After Liquidity Grab📈EURJPY created a bearish high-range candle beneath a crucial support level in a horizontal trading range on the 4-hour chart.
However, a subsequent recovery and a bullish opening in the Asian session indicate a strong likelihood of an upward movement today, targeting 173.00.
EUR-JPY Local Long! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair made
A breakout, a retest and
A bullish rebound from the
Horizontal support of 173.200
So we are bullish biased and
We will be expecting a
Further bullish move up
On Monday!
Buy!
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EURJPY BUYJust an idea for short term target with SL and TP.
Timeframe: H1
Price: 173.049
SL: 172.509
TP: 174.669
SL will move to breakeven at 1:1
Close 50% at 1:2
Remaining will run till 1:3
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BUY LIMIT EURJPYi expect EURJPY to fall basing on ongoing bearish channel it forms , with respect to this move wednesday liquidity left overs has to swaped with efficiency fill of FVG , where we will activate our entries at 50 % FBnaccic retracement level in our POI
GOODLUCK
always use proper risk management , never riskmore than what u can afford to loose ....
Trading the Pullback on EURJPY My Trade PlanThe EURJPY is clearly in a strong bullish trend 📈, as shown by a consistent pattern of higher highs and higher lows on the 1H timeframe ⏱️. In this video, I’m looking to capitalize on a pullback as a potential buy opportunity 🎯.
We dive into my entry strategy, explore how to align with the prevailing trend, and break down key concepts such as price action, market structure, and smart pullback zones 🧠📊.
⚠️ As always, this is for educational purposes only — not financial advice.
EURJPY: MSS on H4 Signals Bearish Shift Toward Weekly FVGGreetings Traders,
In today’s analysis of EURJPY, we observe that a Market Structure Shift (MSS) has recently occurred on the H4 timeframe, indicating a potential change in directional bias. This suggests that price may begin to draw toward the Weekly Fair Value Gap (FVG), presenting a favorable opportunity to align with bearish order flow.
Higher Timeframe Context:
The weekly timeframe currently shows an unfilled Fair Value Gap (FVG) to the downside, acting as the primary draw on liquidity. This macro bearish draw adds weight to the idea of shorting the pair from premium levels. On the H4—our intermediate timeframe—we now have structural confirmation via a bearish MSS, aligning the two timeframes toward downside targets.
Key Observations on H4:
Bearish Order Block in Premium: Price has recently retraced into an H4 bearish order block situated within premium pricing. This zone acts as institutional resistance and is currently showing signs of rejection.
Confirmation Zone: This H4 bearish order block is being monitored for M15 confirmation entries, as we look for price to break lower from this key institutional level.
Engineered Support & Resting Liquidity: Just above the weekly FVG lies an engineered support zone—characterized by equal lows—suggesting that liquidity has been pooled there. This area serves as a high-probability draw for institutional price delivery.
Trading Plan:
Entry Strategy: Seek lower timeframe (M15) confirmation around the H4 bearish order block before initiating short positions.
Targets: The first target lies at the H4 internal liquidity pool within discounted pricing. The longer-term objective is the weekly FVG, where liquidity is likely to be delivered next.
For a detailed analysis, please watch this weeks Forex Outlook:https://www.tradingview.com/chart/EURNZD/BZC9xW1L-July-21-Forex-Outlook-Don-t-Miss-These-High-Reward-Setups/
Maintain patience, follow your confirmation rules, and always adhere to sound risk management principles.
Kind Regards,
The_Architect 🏛️📉
EURJPY - Potential Topping ActionTaking a look at the daily timeframe, price action is now trading below the 10 SMA. This pair has not traded below the 10 SMA since May 26. Now I'm just waiting for a few more confirmation before I'm fully confident. For now, adding a few small sells won't hurt.
Trade Safe - Trade Well
EURJPY: Correction is Over?!It seems like 📈EURJPY has finished consolidating within a broad horizontal channel on the 4H chart.
The formation of a new higher high today suggests potential upward movement.
Since it's Friday, I recommend considering trend-following buys starting Monday.
We should wait for the market to close above the highlighted resistance to establish a Higher Close on the daily chart.
Look to buy after a pullback, targeting 174.00 as the initial goal.
EUR/JPY: The Yen Begins to Gain GroundOver the past three trading sessions, the EUR/JPY pair has declined by up to 0.8%, as the yen has steadily gained strength, preventing the euro from maintaining its momentum in the short term. Selling pressure has held firm, especially after news that Japan finalized a new trade agreement with the United States, which lowered the initially proposed 25% tariff to 15%. This development has been perceived as a positive outcome for Japan and has supported strong demand for the yen in the latest trading session.
Uptrend Remains Intact
Despite the yen’s recent strength, it is important to note that the EUR/JPY pair remains in a well-defined uptrend, with sustained bullish momentum continuing to dominate the long-term outlook. Although some short-term selling corrections have emerged, they remain insufficient to break the current bullish structure. For now, the uptrend remains the most relevant technical formation in the chart and should continue to be monitored unless selling pressure becomes significantly stronger.
RSI
The RSI indicator has started to show lower highs, while price action continues to register higher highs. This event suggests the potential formation of a bearish divergence, which may indicate that the current selling correction could gain more traction in the coming sessions.
MACD
The MACD histogram remains close to the neutral zero line, indicating that no clear direction has formed in short-term moving average momentum. If this neutral setting continues, the chart could enter a more defined consolidation phase in the near term.
Key Levels to Watch:
172.896 – Resistance Level: This level corresponds to the recent high, and any buying momentum strong enough to break it could confirm a bullish continuation, supporting the long-standing uptrend currently in place.
170.231 – Nearby Support: This level aligns with a short-term neutral zone and may act as a temporary barrier, limiting any bearish corrections that may arise in the sessions ahead.
166.930 – Key Support: This is a critical level not seen since June of this year. If bearish pressure intensifies and the price falls to this point, it could seriously jeopardize the bullish structure that has been holding so far.
Written by Julian Pineda, CFA – Market Analyst
Symmetry Bearish Setup Targeting PCZ Liquidity Zone 1HELLO awesome traders, I hope y'all have had a great weekend!! What a beginning of trading week, ha? lets crack on by droping some chart here for yall.
After completing a clean ABC symmetry leg, EURJPY is now showing signs of exhaustion just below 173.250, with price stalling at the high-volume node. The projected Potential Completion Zone (PCZ) aligns at 169.997 (78.6%) and 169.113 (100%), backed by volume profile voids and confluence from prior structure.
This symmetrical move offers a classic liquidity sweep play, with target zones sitting below price in thin auction areas.
📌 Pattern Structure:
A: 165.204
B: 161.071
C: 173.246
D Target = 1:1 Symmetry → PCZ = 169.997–169.113
🔻 Bearish Trigger:
Break below 23.6% retracement (172.271) = early momentum shift
Liquidity likely rests between 170.00–169.00
🎯 Targets:
T1: 169.997
T2: 169.113 (let's do T1, Them will see)
🧠 Context:
JPY strength resurfaces amid macro uncertainty. Volume profile suggests fast price drop once liquidity is triggered below 171.00. Watching for confirmation candle or rejection below 172.20 zone.
“Symmetry leads the setup, but liquidity confirms the move.”
EUR/JPY Bearish Engulf as EUR/USD Sells Off Ahead of the FedA good illustration of FX market structure is on display today. EUR/USD is down sizably after teh announcement of the EU trade deal and this may be a 'buy the rumor, sell the news' kind of event. But, there's also the possibility that this is squaring up ahead of a really big week of drivers with FOMC, Core PCE and NFP all scheduled for later this week. But, there's also the sentiment argument, where a strong bullish move has taken hold of the Euro in the first half of the year as EUR/USD has jumped to fresh three-year highs.
And while USD/JPY is rallying up to the 148.00 level, displaying Yen-weakness, EUR/JPY is down on the daily with a show of JPY-strength. This highlights that the move in EUR/USD is likely driving that sell-off in EUR/JPY as EUR/JPY is currently working on a bearish engulfing candlestick on the daily. And this happens after last week showed overbought RSI on both the daily and weekly charts, with daily RSI diverging from price as EUR/JPY set a fresh yearly high shortly after the open this morning.
This shows that EUR/JPY is very much in-play this week with those US drivers, and there's also the Bank of Japan rate decision to consider. In EUR/JPY, there's possible support tests coming up, around the 170.47 and 170.93 Fibonacci levels, followed by the 170.00 big figure. - js
Bullish bounce?EUR/JPY is falling towards the pivot and could bounce to the 1st resistance, which acts as a swing high resistance.
Pivot: 171.05
1st Support: 169.69
1st Resistance: 173.27
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EUR/JPY Again Below My Res , Short Setup Valid To Get 150 Pips !Here is my opinion on EUR/JPY On 2H T.F , We have a fake breakout and Gap and the price back again below my res area and closed with 4H Candle below it , so i have a confirmation and i`m waiting the price to go back to retest this strong res and give me any bearish price action and then we can enter a sell trade and targeting 100 : 150 pips . if we have a daily closure above my res then this analysis will not be valid anymore .