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EURJPY trade ideas

EUR/JPY BEARS ARE STRONG HERE|SHORT Hello, Friends! We are going short on the EUR/JPY with the target of 159.106 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. 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 COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
EURJPY Long 4/29/2025EUR/JPY Long – Weekly Bullish Engulfing + Double Bottom Off Demand Zone Looking to go long EUR/JPY after a clean correction into demand and signs of higher timeframe bullish continuation. Weekly Chart: Last week printed a bullish engulfing candle that slightly broke out of the previous supply zone, suggesting early-stage trend continuation. While we opened this week with a sharp sell-off (around 170 pips from the highs), price action shows it was corrective, not impulsive. 4H Chart: Price is setting up a Morning Star formation — two hours away from confirmation. If completed, it would signal a bullish reversal right off a critical structure zone. 1H Chart: A double bottom is forming off a predetermined 1H demand zone — a key liquidity pocket I’ve been tracking. Recent hourly candle gapped up, further suggesting buyers are starting to step in after soaking up sell-side pressure. Trade Thesis: Expecting a bullish reaction from demand and a retest of the previous highs. This correction appears technical rather than fundamental — no steamy downside momentum despite the initial slide. Risk-Reward Profile: Target: Retest of the highs R:R: 1:3.5 Stop: Below the double bottom structure This setup blends clean structure with a higher timeframe bullish bias — looking for a continuation leg if momentum holds.
Long
by Big6Financial
EURJPY Wave Analysis – 28 April 2025 - EURJPY reversed from resistance area - Likely to fall to support level 161.25 EURJPY currency pair recently reversed down from the resistance area between the resistance level 164.00 (which has been reversing the price from January), upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from July. The downward reversal from this resistance area stopped the previous short-term correction ii. Given the clear daily downtrend and the overbought daily Stochastic, EURJPY currency can be expected to fall toward the next support level 161.25.
Short
by FxProGlobal
EUR/JPY Key Res TestEUR/JPY has been digesting for the better part of the past nine months. While both Euro and USD strength have been on full display in varying ways over that period of time, each currency has been a bit more balanced against the Japanese Yen. The range has been wide at more than 800 pips but there's also a descending triangle that's set up along the way, with lower-highs around the 163.38 Fibonacci level and horizontal support around the 155.00 handle. For those looking for Yen-strength, this may be a more attractive venue than USD/JPY at the moment, with USD/JPY holding below the key 145.00 psychological level. - js
by FOREXcom
EURJPY 4H Chart: Breakout or Reversal? My Full Plan Inside! 📈 EURJPY 4H Chart - My Trading Plan In the EURJPY 4-hour chart, I observe that the trend is moving higher, clearly visible when connecting the recent highs and lows with a manual zigzag line. A critical zone is forming around the Double Top near 164.00 , which also acts as a strong supply area. This is the major challenge ahead: for the bullish trend to continue, price must break and hold above this 164.00 resistance. However, based on the current momentum, I believe the bulls have enough strength to push beyond this level. 🛡️ Role of Support Line I have drawn the support line to highlight a potential reversal zone. If the price fails to break and sustain above 164.00 and instead drops below the support area, it will signal that the double top resistance has held strong, and a deeper pullback could follow. 📊 RSI - Crucial Momentum Signal The RSI remains above the 50 line and has not dipped below the 30 oversold level since it last touched the 70 overbought zone on March 5th. This ongoing bullish momentum in RSI supports the idea of a continued uptrend. 🔢 Fibonacci Levels - Target Zones I have drawn the Fibonacci extension from the recent swing low to high. If the bullish continuation unfolds, my next key upside targets are: - 165.350 (1.618 Fib) — Expect 1 - 166.368 (2.0 Fib) — Expect 2 🧠 Plan B - What If I'm Wrong? If the price fails to break 164.00 convincingly and then breaks below the support line , I will prepare for a reversal trade. In that case, I plan to double or even increase my lot size to recover any prior losses. Although this is a higher-risk approach, I have confidence in my strategy. Let’s trade with discipline and manage risks properly. Let's begin! 🚀
Long
by ClearTradingMind
EURJPY Massive Long! BUY! My dear friends, EURJPY looks like it will make a good move, and here are the details: The market is trading on 161.30 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 161.68 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis 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
Long
by AnabelSignals
1
EURJPY Under Pressure! SELL! My dear subscribers, My technical analysis for EURJPY is below: The price is coiling around a solid key level - 163.61 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 162.39 My Stop Loss - 164.06 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
Short
by AnabelSignals
EUR/JPY Technical Outlook: Demand Zone Bounce Sets Up RallyGood Morning Traders, Trust you are good. Below is my analysis of the EURJPY pair. Overview Price is currently at 161.243, showing signs of a bullish rebound following a sharp drop. A clear bullish structure is forming, characterized by higher lows and a breakout from a recent consolidation zone. The demand zone between 160.900 and 161.100 has held strong, acting as a reliable support level. Idea A recent bullish impulse broke above minor resistance, followed by a healthy retracement into the demand zone—shaping a potential bullish flag or continuation pattern. This retracement aligns with the 50% Fibonacci level, providing added confluence for a continuation to the upside. The projected target is 164.174, a level likely to contain buy-side liquidity and act as a magnet for price in the short term. Conclusion Despite macro uncertainty due to ongoing trade tensions, recent news of a 90-day tariff pause from Trump has eased some pressure, allowing the EUR to show resilience. As a result, EUR/JPY may continue its bullish push toward the 164.174 target. However, a break below 160.245 would invalidate this outlook. Cheers and happy trading!
Long
by Samuel124
EURJPY Short 4/25/2025EUR/JPY Short – 4th Rejection from Key Supply Zone + Bearish Engulfing Into Range Looking for a short setup on EUR/JPY after a clean multi-timeframe rejection from the upper boundary of a well-respected zone. Daily Chart: Price has tested this trendline resistance zone four times this week — failing each time. Today’s rejection at 163.151 marks the 4th consecutive denial of higher ground. Structurally, this is shaping up as a textbook range trade. 4H Chart: The latest 4-hour candle printed a sharp doji right at the supply zone — a strong indecision signal that often precedes reversal. Friday flows are light, so it’s likely a final tap before the weekend. 1H Chart: Price respected the zone all London session. We now see several wick rejections, followed by a bearish engulfing candle on the most recent hourly close — confirming seller presence. News Context: No major upcoming data. Tokyo CPI dropped during Asia session and came in strong — that could lend strength to the yen and support downside momentum from here. Target: Looking for a move down to the bottom of the range near 161.142 Entry: Near 163.151 Stop: Above supply Target: 1:3.69 R:R Note: Could take time to play out — likely into next week if not into New York session follow-through. This is a clean supply rejection play with a well-defined range and no macro news in the way.
Short
by Big6Financial
EurJpy- Ready to rise at 166?Since mid-March, EURJPY has been in a consolidation phase. Except for the early April spike down, the pair has respected a pretty clear range between the 161.00 support and the 163.30 resistance. Now, however, EURJPY looks ready to break to the upside. A sustained price above 163.30 would confirm this breakout and open the door for bullish momentum. 🔍 My strategy: I’m looking to buy dips, ideally around the 162.50 area. If the price drops and breaks below 161, that would invalidate the setup. On the upside, the first major target is the 166.00 resistance zone. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob