eurjpy is bullishthe pair has already made a head and shoulder pattern at the end of its bearish move and seems to bounce back toward depicted area on the chart
we are following the case for long position
let see what the market will play out
EURJPY trade ideas
EURJPY - Bullish Continuation Toward 160.850OANDA:EURJPY is trading within a well-defined ascending channel, with price action respecting both the upper and lower boundaries. The recent bounce off support suggests buyers are maintaining control, supporting a potential continuation of the uptrend.
As long as the price remains above the support level and the channel's lower boundary holds, the bullish structure remains intact.
A potential upside target is 160.850, aligning with the upper boundary of the channel. A break and close above this level could signal further bullish momentum.
However, a breakdown below the support zone would invalidate the bullish scenario and may open the door for a deeper pullback.
Remember, always confirm your setups and trade with solid risk management.
Best of luck!
EURJPY Technical Analysis! SELL!
My dear subscribers,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 159.58 pivot level.
Bias - Bearish
My Stop Loss - 160.34
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 158.15
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.
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WISH YOU ALL LUCK
EUR/JPY - First steps into correction, getting back on track!Hi guys we are looking over at EUR/JPY , we had a huge swing to the lower end and a very very strong support area. We can see the RSI has crumbled but ended up formulating an Ascending Channel which we will follow into revaulation towards the 159 area.
Entry: 156.550
Target 1: 157.380
Target 2: 158.150
Target 3: 159.100
SL: 155.100
RR is sitting at 1:4!
Tell me below in the comments what is your opinion on this trade? Will the Hawkish BoJ interfere and push this further down?
EURJPY IS GETTING STRONGE OR WEAK ? DETAILED ANALYSISEURJPY has successfully broken out of the falling wedge pattern, hitting the projected target of 160.000 and delivering significant profits. This breakout confirmed a strong bullish reversal, allowing traders to capitalize on a deep profit opportunity. The falling wedge is a classic bullish pattern, and its breakout was accompanied by increasing momentum, pushing the pair higher in a sustained rally. With price action playing out as expected, traders who entered early have already locked in substantial gains.
From a technical perspective, EURJPY’s bullish structure remains intact, with strong support now forming around the 158.000–159.000 range. If the price consolidates above this level, we could see further upside potential beyond 160.000. However, traders should watch for any retracements or potential resistance at key psychological levels. If bullish momentum continues, the next targets could extend toward 162.000 or higher, depending on market conditions.
Fundamentally, EURJPY’s movement is heavily influenced by central bank policies. The European Central Bank’s (ECB) stance on interest rates, coupled with the Bank of Japan’s (BoJ) continued monetary easing, has contributed to yen weakness and euro strength. Additionally, risk sentiment in the market plays a crucial role—any shift toward a more risk-on environment will likely support further bullish moves in EURJPY. As the pair remains in an uptrend, traders should monitor key economic events and price action signals to maximize their profit potential.
EUR/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 157.265 area.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY counter trend breakout at 158.50 level. Bullish Scenario:
The EURJPY currency pair appears bullish, supported by the recent bullish breakout of the longer-term trend. The recent intraday price action indicates a bullish breakout above a period of sideways consolidation. The key level to watch is 158.50, which marks the breakout zone and aligns with the previous falling resistance trendline , now newly formed support zone. A corrective pullback that finds support at 158.50, followed by a bullish rebound, could trigger further upside movement towards 160.00, with extended targets at 161.15 and 161.54 over a longer timeframe.
Bearish Scenario:
A confirmed breakdown below the 158.50 level, particularly with a daily close beneath this support, would negate the bullish outlook. This would expose the index to a deeper retracement, with immediate support at 157.45, followed by 156.00 and 154.90, indicating a potential shift towards a corrective phase.
Conclusion:
The broader trend remains bullish, but 158.50 is a pivotal level. Holding above this zone reinforces upside potential, while a decisive break below it could lead to increased selling pressure. Traders should monitor price action around this key level to confirm the next directional move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURJPY Is Going Up! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 160.068.
Considering the today's price action, probabilities will be high to see a movement to 163.150.
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.
Like and subscribe and comment my ideas if you enjoy them!
Lingrid | EURJPY bullish Opportunity from DEMAND ZoneThe price perfectly fulfilled my previous idea. It reached the target zone. FX:EURJPY market made a false breakout of the support zone around the 156,000 level. On the daily timeframe, we can see that the price reached a demand zone it has bounced off multiple times. Recently, the price broke through the previous high in market structure, then pulled back to retest the support level and the upward trendline. I expect the price to retest the upper boundary of the channel and potentially move above it. My goal is resistance zone around 158,000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
Looking LongEUR/JPY has finally shown a Break of Structure within the higher timeframes. This gives me clear indication that the CHOCH yesterday was correct. Thus I should be looking for buyging positions.
EURJPY LongEURJPY is now net long on the regression break
This could move back to the top of the consolidation
Potential upside for EUR/JPYHello traders
The impulse wave for EUR/JPY is rising and there is an expanding pattern. I expect another impulse wave to rise.
I only need this tradeThis will be my only trade in Forex for a while if it doesn't stop me out. The pair is rolling over from a high resistance area. That trendline won't hold, I'll add heavily if it breaks down the trendline in the daily timeframe. SL triggers if a weekly candle CLOSES above 159.20, otherwise is just volatility. I'm holding this for several weeks. Patience is the key.
EURJPY potential bearish breakout over next few sessionsIchimoku daily and 4hr showing bearish moves. Price tested Senkou Span B at 158.492 and was swiftly rejected. Personally think this may have been a liquidity grab / stop hunt before the 3 following widespread bearish candles.
There was a bear trap earlier on 28th Feb. in the Asian session which as you can see, wicked down to 154.807. After triggering the bears push price up and shook out any remaining weak hands.
Look for a potential bearish breakout over the next few sessions.
in term of potential targets, there is an N wave at 152.755. Ultimate target for the Sym.Tri 147.400.
EURJPY Trade Ideahe EUR/JPY pared some of its gains from a minor top of 158.46. It hit an intraday low of 155.92 and is currently trading around 157.18. The intraday outlook is bullish as long as the support of 155.90 holds.
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Technical Analysis:
The EUR/JPY pair is trading below the 34,55 EMA and 200-4H EMA in the 8-hour chart.
Near-Term Resistance: Around 158.50 a breakout here could lead to targets at 159/160.25/161/161.50/162/163/163.60/164/165/166.65/167.
Immediate Support: At 155.80– if breached, the pair could fall to 155.49/155/154.40.
Indicator Analysis 4-hour chart):
CCI (50): Neutral
Average Directional Movement Index: Neutral
Overall, the indicators suggest a mixed trend
Trading Recommendation:
It is good to buy on dips around 156.25-30 with a stop loss at 155.70 for a TP of 158.
EURJPY from an investor[long-term] perspective.Completion of the Wave 5 would be completion of a Flat correction of the larger zigzag highlighted in Yellow. Keep in mind that a retest on the 261.8% Fib would be a confirmation for a beautiful 5 wave move up. This is a very big move that will go well beyond 176.000 and should be capitalized. Note that this move should confirm before the NFP.
EURJPY Gearing Up for a Potential Upside MoveThe EURJPY pair is showing promising signs of upward momentum as it holds above key support levels. With improving risk sentiment, potential monetary policy shifts, and favorable technical patterns, the pair could be setting up for a steady climb.
In this analysis, we’ll examine critical levels, trend indicators, and macro drivers that could fuel further upside in EURJPY. Could this be the start of a bullish phase? Let’s explore!
Disclaimer:
Trading involves risk, and this analysis is for educational purposes only. Traders should perform their own due diligence and risk assessment before executing any trades.
Bearish drop?EUR/JPY is rising towards the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 157.09
1st Support: 155.00
1st Resistance: 158.35
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EURJPY- Buy IdeaEURJPY bounced back after breaking above a strong accumulation. Look to buy on re-test of resistance turned support zone. Manage your risk reward accordingly. Seasonals also suggest an uptrend from the start of March.
EURJPY Long1)Trend defined. 4h uptrend after a false breakout on a major support level.
2)Contradictory limit order entry. At the upper extreme of the 4h range.
3)Default loss. Below the consolidation zone.
4)Target not set. Multiple targets.
5)Risk <= 3%.
6)Singular trade.
7)Trades placed today <= 5.
Possible CHOCH - Sell to Buy / EURJPYCurrently EUR/JPY has managed to pushed itself all the way back into last week Medium Risk Zone (ORANGE) . Personally I believe that the zone from last week won't be as strong as it used to be so there are also possibilities where EUR/JPY will use the zones from last week and bounce off. This means that there is a chance that EUR/JPY will touch Medium Risk Zone (ORANGE) retrace for a little bit into the High Risk Zone (ORANGE) and from then on bounce off to its respective structure. <--- Scenario 1
If EUR/JPY does not follow the first idea then I would prepare myself to buy at a more lower price which is in our Medium risk Zone (WHITE) & Low Risk zone (WHITE). I will only BUY if there are signs of reversals or at least a CHOCH in the smaller timeframe within these areas of interest.
EURJPY BUY PROJECTION EURJPY as we can see has made an extreme buy , so I expect price to come back to the breaker block And go long
