EURJPY trade ideas
EURJPY Will Go Higher From Support! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 164.890.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 166.192 level.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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EUR/JPYEUR/JPY has reached a key area of interest around the 166.600 level. How price reacts at this zone will guide my next trading decision.
If price breaks above this level with strong bullish momentum, I will be looking for a confirmed retest of the 166.600 area before considering long positions. I will also be monitoring for additional confluences, such as the formation of an inverted head and shoulders or a double bottom on the lower timeframes.
Conversely, if price rejects this level, I will shift my focus to potential short opportunities. In this case, I’ll look for confirmation through traditional reversal signals such as a head and shoulders pattern, double top formations, and a break of the current trendline.
I have marked key zones on my chart to observe how price behaves at these levels—specifically noting whether price approaches them with strong momentum and watching closely for reversal patterns that may indicate a shift in direction. EUR/JPY has now been added to my watchlist for active monitoring.
EURJPY Up Trend breakdown ahead selling strong now EURJPY Bearish Breakdown Alert! 🔥
The bullish trend has been broken decisively with a strong bearish engulfing candle on the 1H timeframe — sellers are now in full control! 👊
💥 Entry Level: 165.600
🎯 Technical Targets:
1st Target: 164.700 (Key Demand Zone)
2nd Target: 164.000 (Next Demand Zone)
3rd Target: 163.100 (Bullish Order Block)
📊 Watch for momentum and possible reaction at each zone — manage risk accordingly!
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EUR/JPY Approaching Key Sell Zone – Rising Wedge at Resistance
EUR/JPY is trading within a rising wedge formation and is now approaching a key resistance zone near 167.583. The current area is marked as a potential sell zone, especially as price nears the upper boundary of the wedge and key horizontal resistance.
A rejection from this area could lead to a corrective move toward the 165.363 or 164.419 support levels. However, a clean breakout above 167.583 would invalidate the short-term bearish scenario.
🔻 Sell Zone: 167.40 – 167.58
🔹 Target 1: 165.36
🔹 Target 2: 164.41
🔹 Pattern: Rising wedge
🔹 Timeframe: 4H
🔹 Bias: Bearish unless breakout confirmed
EURJPYthe Current EUR/JPY Price price action and directional bias today , EUR/JPY is trading at 169.038 consolidating within a temporary sideways range between 168.60 (support) and 169.659 (resistance). The pair is testing key technical levels amid mixed fundamental drivers.
Eurozone and Japan 10-Year Bond Yields
Eurozone 10Y Bond Yield (EU10Y) 2.561% , reflecting moderate stability despite ECB rate cuts.
Japan 10Y Bond Yield (JB10Y): 1.424% , down slightly from 1.44% from the daily high .
Central Bank Policy Rate ECB) is 2.00% (Deposit Facility) Cut by 25 bps on June 5, 2025, citing inflation at target (2%) and growth projections of 0.9% for 2025.
while BOJ 0.50% (Short-Term) was Held steady on last policy meeting by top boj leadership brass.BOJ signaled slower bond-purchase reductions in 2026 amid fiscal concerns and market volatility.
Interest Rate Differential and Carry Trade Dynamics
Rate Differential: +1.50% (ECB’s 2.00% vs. BOJ’s 0.50%), favoring EUR-funded carry trades.
Bond Yield Spread: +1.13% (EU10Y 2.56%% vs. JB10Y 1.43%), enhancing EUR/JPY’s appeal for yield-seeking investors.
Carry Trade Implications:
The positive rate differential supports bullish EUR/JPY momentum, as investors borrow low-yielding JPY to invest in higher-yielding EUR assets.
However, JPY strength has emerged recently due to BOJ hawkish expectation, Japan’s core inflation hit a >2-year high in May, fueling bets on future rate hikes.
Geopolitical easing: The Israel-Iran ceasefire reduced safe-haven JPY demand, partially offsetting carry trade pressure.
Technical Outlook for EUR/JPY
Bullish Bias: The pair awaits a breakout above 169.659 to target 170.00 bullish ascending trendline breakout
Key Risks:
Failure to breach 169.659 could trigger a correction toward 167 and below especially if BOJ maintains hawkish rhetoric's
A drop below 167.may activate bearish momentum, though the broader uptrend remains intact.
Technical Breakout: A close above 169.659 could accelerate gains toward 170.00.
Central Bank Divergence: The ECB-BOJ rate spread (+1.50%) and bond yield spread (+1.13%) underpin EUR strength, though JPY resilience from inflation/hawkish BOJ risks may cap upside.
Risk Sentiment: Further geopolitical calm could weaken JPY’s safe-haven role, amplifying carry trade inflows into EUR/JPY.
#eurjpy
EURJPY Long Opportunity EURJPY currently has bullish market directionality and is on a retracement. price is trading above the 50 SMA and we can observe bullish momentum from the RSI trading above the 55 level.
Potentially break and retest zone at 167,550. Awaiting a reaction to this level which could see the bullish trend resuming.
EURJPY – Buy the Dip in a Bullish TrendTrade Idea
Type: Buy Limit
Entry: 167.63
Target: 169.50
Stop Loss: 166.87
Duration: Intraday
Expires: 25/06/2025 06:00
Technical Overview
The broader trend in EURJPY remains bullish, and there's no clear indication the uptrend is ending.
While a short-term correction is possible, it is viewed as a healthy retracement within the trend.
A Buy Limit at 168.00, just above support, provides an efficient entry with a tight stop and strong upside potential.
A move above 169.00 would confirm renewed bullish momentum, aligning with the measured move target at 169.75.
With no major economic events in the next 24 hours, price action is expected to be technically driven.
Key Technical Levels
Support: 168.50 / 168.00 / 167.50
Resistance: 169.00 / 169.50 / 169.75
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURJPY: Buy The Dip Or Breakout ContinuationI'm looking to buy EJ...
If price retraces early next week, monitor 167.40–167.70 zone for bullish reaction and confirmation. Wait for M15 bullish BOS after price taps 167.40–167.70. If confirmed, execute long entry from this discounted range.
Entry: 167.40 – 167.70
Stop Loss: 167.10
TP1: 168.60
TP2: 169.20
TP3: 170
If price breaks and closes above 168.60, look for a retest for breakout continuation.
Trigger: Break + H1 candle close above 168.60
Entry on Retest: 168.60 – 168.70
Stop Loss: 168.20
Target: 169.50 – 170.00
Invalidation: H4 structure break below 167.00 would weaken bullish outlook short term
EURJPY - bullish Story: Market is in bullish trend with series of HH and HLs. There is no divergence on the chart therefore we expect market to continue bullish trend. as the market is continuing bullish, we look for any continuation pattern. Yes, we have found one, which is bullish flag pattern.
there is no reversal or harmonic pattern.
Anticipate : it is anticipated that market will breakout the Flag neck line and we anticipate the market to reach its projection of flag-pole.
Plan is to enter in the market on break out of neckline and continue riding till the projection of flag-pole with our SL placed just below the Marked HLs and we set our TP1 and TP2 with R:R of 1:1 and 1:2 respectively.
EURJPY A Fall Expected! SELL!
My dear subscribers,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 166.89 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 166.57
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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