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EURJPY trade ideas

EURJPY - The 0.618 Fibonacci zone acting as resistanceThe EURJPY pair is one of the most interesting assets to watch. Overall, the long-term trend has shifted from strongly bullish to neutral since the highs of July 2024. However, we can observe that each successive bullish rebound is reaching lower highs. With the ECB lowering interest rates and the recent rate hikes by the Bank of Japan, a rebalancing is gradually taking place. As a result, at best, we can expect a range-bound movement between 156.00 and 164.00 in the coming weeks, and at worst, a sustained decline in the exchange rate in favor of the yen. Holding yen long-term is not attractive from a swap perspective, but in the short term, attempting bearish rebounds is more interesting. Here, I initiated a short trade, betting on a continuation of the downtrend after the pair rebounded from the 0.618 Fibonacci retracement zone. Historically, this level is significant and acts as resistance when trends establish themselves.
Short
by Traderscope
EUR/JPY Bearish Setup: Rejection from 200 EMAEUR/JPY 1H Analysis 📉📊 Bias: Bearish 🔻 This EUR/JPY 1-hour chart suggests a bearish setup with potential downside movement. Here’s a breakdown of key elements: 🔍 Key Observations: 200 EMA Resistance 🚨 Price is struggling below the 200 EMA (158.383), a strong dynamic resistance. Bears are defending this area, preventing further upside. Supply Zone (158.319 - 158.383) 🟥 Price recently rejected from this key resistance zone. Sellers stepped in aggressively, pushing price lower. Bearish Market Structure 📉 Lower highs and lower lows are forming, confirming the downtrend. A potential retest of resistance before another drop. RSI Indicating Weakness ⚠️ RSI (51.59) is below overbought levels and sloping downward. The 56.02 resistance on RSI suggests limited buying strength. 📍 Trade Setup Idea: Entry: Around 157.70 - 158.00 (Possible retest zone) Target: 156.25 - 156.00 (Major support area) 🎯 Stop Loss: Above 158.40 to avoid fakeouts ❌ 📌 Summary: Bearish Bias 🚨 as long as price remains under 200 EMA. Expect a pullback before continuation to the downside. 156.00 Target looks achievable if sellers maintain pressure. ⚡ Trade cautiously & manage risk properly! 🚀 Let me know if you need more details! 🔥
Short
by MrStellanSight
EURJPY weakness continues on BoJ rate hike signal The EUR currency further weakened against the JPY earlier today when the BOJ Governor Kazuo Ueda signalled that the central bank stands ready to increase government bond buying if long-term interest rates rise sharply, reiterating the BOJ’s long-standing commitment to supporting stable markets. The EURJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 158.90. An oversold rally from the current levels and a bearish rejection from the 158.90 level could target the downside support at 156.50 followed by 153.30 and 151.00 levels over the longer timeframe. Alternatively, a confirmed breakout above 158.90 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 161.00 resistance followed by 162.10 levels. 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.
by TradeNation
EURJPY What Next? BUY! My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 156.81 Bias - Bullish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 158.63 Safe Stop Loss - 156.08 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURJPY bullish set up 100+ pipsOur recent signal on this pair was 100 pips Price has entered the excess zone near 156.48, a level where sellers have historically exhausted their momentum. Based on fair value principles, this is an area where buyers could step back in, bringing price back toward equilibrium. 🔍 Why I’m Buying Here: ✅ Excess Price Rejection – Price has moved outside the fair value range, indicating potential exhaustion of selling pressure. ✅ Mean Reversion to Fair Value – Expecting price to return toward the control price 🎯 Trade Plan: 📍 Entry: Around 156.48 (Excess Price Zone) 📍 TP 1: 157.75 (First reaction level) 📍 TP 2: 159.80 (Control Price Target) If buyers step in as expected, we could see a move back toward the control price within the fair value range. Let’s see how this plays out! 🚀
Long
by Eleazarahmath
1
EUR/JPY Bearish Setup | Rejection from 200 EMA & Supply ZoneEUR/JPY Analysis (Daily Timeframe) 📉🔥 Key Observations: Price at 159.804 (-0.07%), showing minor bearish sentiment. 200 EMA Resistance (162.206) 🚧 Price previously rejected from this level, reinforcing it as a strong resistance zone. Bearish Retest of Supply Zone (162.000 - 162.500) 🛑 Price attempted to break above but failed, leading to rejection and a move downward. Breakout from Ascending Channel 📉 Price previously followed an upward trend but broke below, signaling a shift to bearish momentum. Target at 155.732 (Next Support) 🎯 A blue arrow suggests an expected drop toward this key support. Bias: Bearish 📉 Confirmation: If price fails to reclaim 160.500, further downside is likely. Bearish Entry: Below 159.500 with a target at 155.732. Invalidation: A daily close above 162.200 would shift bias to bullish. 🚨 Watch for rejection candles or strong bearish momentum for a sell setup! 🚨
Short
by MrStellanSight
EUR/JPY Long/Short 4 Week Scenarios and Chart Feedback Hello, This is 4 week period plan that I personally will follow, based on my strategy and trading style. P.S i never follow a single bias (bullish or bearish), my trading style is flexible and adaptable to momentum changes. Chart Feedback (Daily Time Frame) There are a few key takeaways from the daily chart. - Price action in a box since August '24 with no clear trend direction. - Head and Shoulder fully formed, as mentioned on my previous EJ report at the begging of January. - The price has reached a strong support first tested in December 2023 and then re-tested and always rejected in August '24, September '24, December '24 and now, making it very hot spot for the pair. - Main trend line(Up-slopping) was crossed - Internal turmoil in the Euro Zone could indicate weaker EURO for some more time. Key Levels (4 Hour Time Frame) LWL(last week low) and Bottom of Support - 155.000/155.850 First support - Which acts as last LH, Current Trend line cross and Main Trend line re-test 158.150/158.650 LWH(last week high) - 160.722 Sub Trend line - 161.419 Trend Scenarios (4h and Daily) Long Scenarios: For long scenarios confirmations I will be looking for a rejection from the current level, followed by re-entry in the main trend channel, cross of the sub-trend line and re-test of that area or similar movements. For any long entry I would like to see bullish price action and chart patterns being formed. With targets in rallies up to the head of the head and shoulder pattern. Short Scenarios: For short scenarios instead, the confirmation I need is a CTR(Cross,Test,Reject) performed at the current support level, then turning into resistance level. There are two targets I'm aiming at 151.500 and 148.650. Trade Ideas (1 hour time frame) For any kind of entry long and short I always use the 1 hour time frame. For confirmations I use EMA100 cross or reject, Swing/Turning points cross/reject + chart and candle patterns usually u-turns, stars, engulfing and pin bars are my favourite signs. I will try to update my trades as soon as they happen. Thank you for reading, Have a profitable week, Any feedback is welcome!
by Don_Bob