Get started

Euro / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURJPY trade ideas

EUR/JPY Falling Wedge Breakout | Bullish Potential Ahead🔍 Chart Overview: EUR/JPY – Daily Timeframe This chart illustrates the price action of the Euro against the Japanese Yen and highlights a Falling Wedge Pattern developing over several months. This is a classic bullish continuation/reversal setup, supported by key technical levels. 📐 1. Chart Pattern: Falling Wedge A falling wedge is a bullish chart pattern that occurs when the market consolidates between two downward-sloping trendlines. Characteristics Seen in the Chart: Converging Trendlines: The upper (resistance) and lower (support) boundaries are both sloping downward, indicating a narrowing price range. Volume (not shown) usually decreases during the formation, followed by a surge on breakout. Multiple Touch Points: The price action respects both boundaries multiple times, confirming the pattern's validity. 🏛️ 2. Key Levels ✅ Support Level (Demand Zone): Marked around 156.000 – 158.000 Multiple bounces from this area, indicating strong buying interest. Aligned with the lower wedge trendline and historical price reaction zones. 🚫 Resistance Level (Supply Zone / Breakout Zone): Around 164.500 – 166.000 Price repeatedly failed to break this level, confirming it as a strong supply area. Confluence of horizontal resistance and the upper wedge boundary. 📊 3. Trade Setup 💼 Entry Strategy: Confirmation Buy: Enter a long position upon a daily candle close above the wedge resistance (around 166.000). Aggressive traders may consider an earlier entry near the wedge’s support with a tight stop. 🎯 Target: The projected target is 172.962, calculated based on the height of the wedge pattern added to the breakout point. This aligns with a previous swing high area, serving as a logical profit-taking zone. 🛑 Stop Loss: Positioned at 155.576, just below the key support zone. This allows the trade room to breathe while protecting against a full pattern failure. ⚖️ 4. Risk Management Risk-to-Reward Ratio (RRR): Target around 172.962 and Stop Loss at 155.576 offer a favorable RRR of approximately 2.5:1 or more, depending on entry. Position Sizing: Use appropriate lot size based on your account risk tolerance (e.g., 1-2% of equity per trade). 📅 5. Timeframe Outlook Medium to Long-Term Setup: Since this is a daily chart, the trade may take weeks to months to fully play out. Patience and proper trade management are essential. 🔎 6. Additional Notes Retest Opportunity: If price breaks out, look for a retest of the resistance zone as new support before continuation to the upside. Fundamental Factors: Keep an eye on EUR and JPY economic data, ECB and BoJ policy announcements, and global risk sentiment, which can influence the pair. 🧭 Professional Takeaway This is a textbook bullish falling wedge pattern within a well-defined technical structure. The chart provides: A clear pattern breakout level, Strong historical support/resistance zones, A defined risk management plan, And a realistic price target based on technical projection. If you are a swing trader or position trader, this setup offers a high-probability opportunity with favorable risk-reward dynamics—provided a breakout is confirmed.
Long
by GoldMasterTrades
EUR/JPY "The Yuppy" Forex Bank Heist Plan (Scalping / Day Trade)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Robbers, 🤑 💰💸✈️ Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the EUR/JPY "The Yuppy" Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸"Take profit and treat yourself, traders. You deserve it!💪🏆🎉 Entry 📈 : "The heist is on! Wait for the MA breakout (163.000) then make your move - Bullish profits await!" however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. 📌I strongly advise you to set an alert on your chart so you can see when the breakout entry occurs. Stop Loss 🛑: Thief SL placed at the recent/swing low level Using the 30 mins timeframe (161.500) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. 🏴‍☠️Target 🎯: 166.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. EUR/JPY "The Yuppy" Forex Market Heist Plan (Scalping / Day Trade) is currently experiencing a bullishness,., driven by several key factors. 📰🗞️Get & Read the Fundamental, Macro, COT Report, On Chain Analysis, Sentimental Outlook, Intermarket Analysis, Future trend targets.. go ahead to check 👉👉👉 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
EUR/JPY – Bearish Setup with Elliott Wave AnalysisThis EUR/JPY daily chart shows an Elliott Wave analysis, suggesting a possible bearish continuation. The current wave structure indicates the pair is moving through the final phase of a five-wave impulsive sequence. The market has completed three waves of a larger impulsive cycle, with Wave (4) The price movement between Wave (2) and Wave (4) shows a pause or slowdown after going up. This means the buyers are losing strength, and the price may soon start to fall If the price gets rejected near 162.900 , it could confirm further downside. If it breaks below the 159.674 level, it may speed up the decline, with a possible target around 155.526 level.
Short
by Money_Dictators
EURJPY Is Going Up! Buy! Here is our detailed technical review for EURJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 161.112. The above observations make me that the market will inevitably achieve 162.396 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. 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 subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY is testing the possible supportEURJPY is on the radar. After the announcement of US tariffs, the market will stop pricing them in and will focus on other drivers. As stock indices are dipping across the globe, the carry trade remains to stay a “no brainer investment”, as borrowing costs for the Yen are still quite low, and according to consensus forecasts, inflation in Japan might have peaked. EURJPY is located in a long-term consolidation. Should hawkish expectations in the Eurozone escalate, we can observe EURJPY to break the upper side of the trading range with extension of volatility. That would represent a decent trading opportunity with a potential low risk and extended reward. Don't forget - this is just the idea, always do your own research and never forget to manage your risk!
Long
by Stanislav_Bernukhov_Exness
EURJPY on the Edge of Collapse: Ready for the Drop? Hi Traders ! The price has formed a Head and Shoulders (H&S) pattern on the daily (1D) chart and is approaching the neckline. If it breaks this level with strong momentum, we could see a significant decline, targeting the 135.000 - 140.000 zone. Key Levels: ✅ Confirmation: Clear break of the trendline. ❌ Stop-loss: Above the right shoulder 165.000. 🎯 Bearish target: 135.000 - 140.000. We’ll wait for confirmation before taking action. Stay tuned! Disclaimer: This is not financial advice. Do your own research before making any trading decisions.
Short
by FXOnTop
1
EURJPY: Selling Pressure Likely in the 162.723-163.434 ZoneHello Traders, I trust you're doing well. It’s been a while! Since March 18th, the EUR has been in a corrective pullback, and I anticipate further downside movement to complete Wave 4 of the correction. However, this afternoon, we witnessed an unexpected surge in the EUR pairs, driven by the EU’s emergency plan to shield its economy from U.S. tariffs. Despite this rally, I believe it may be short-lived. EURJPY has reached a significant resistance zone where sellers could potentially push prices lower. Another key resistance level within this zone, where I believe sellers', activities are great, is last week’s high at 163.353. A confirmed break below 162.723 would strengthen the bearish outlook, with potential downside targets at 161.914 , 161.114 , 160.750 , and 160.350 , respectively. However, a breakout above 163.444 would invalidate this bearish. Cheers and happy trading.
Short
by Samuel124
EURJPY Double Top - Bearish Reversal Ahead Toward Target!🔍 Chart Analysis: Identifying the Double Top Pattern The EURJPY (Euro/Japanese Yen) 1-hour chart shows a classic Double Top pattern, which is a strong bearish reversal formation. This pattern occurs when the price reaches a significant resistance level twice but fails to break above it, indicating a potential shift from bullish momentum to bearish control. 1️⃣ Top 1: The first peak formed as buyers pushed the price higher, but strong resistance forced a pullback. 2️⃣ Top 2: The price attempted to break the same resistance level again but failed, forming a second peak at approximately 164.165, confirming that sellers are overpowering buyers. 3️⃣ Neckline (Support Level): The critical support level around 160.000 acted as a trigger for the bearish move. Once this level broke, the double top pattern was confirmed. 📌 Key Levels and Market Structure 🔹 Resistance (164.165): The highest level where sellers dominated, preventing further upward movement. 🔹 Support/Neckline (160.000): This level acted as a crucial pivot. Once broken, it signaled a trend reversal. 🔹 Take Profit Levels: TP1 – 159.036: This serves as the first profit target, aligning with a prior demand zone. TP2 – 157.200: The full projected downside move based on the double top pattern. 🔹 Stop Loss (SL): Above 164.165, ensuring a risk-managed approach in case of trend invalidation. 📉 Trading Strategy: How to Trade This Setup? 1️⃣ Entry Confirmation: The ideal entry was after the price broke the neckline at 160.000 and retested it as resistance. A breakdown candle with high volume confirmed seller dominance. 2️⃣ Stop-Loss Placement: A stop-loss above 164.165 provides room for price fluctuations while protecting against false breakouts. 3️⃣ Profit Targets: TP1: 159.036, securing partial profits. TP2: 157.200, completing the double top measured move. 📊 Market Psychology & Price Action Insights The double top pattern reflects a shift in market sentiment from bullish to bearish. The repeated rejection at 164.165 signals a lack of buying strength, increasing the probability of a downward move. The breakdown of the 160.000 neckline confirms that sellers have taken control. The price action also shows a lower-high formation, reinforcing bearish momentum. ✅ Conclusion: Bearish Bias Until 157.200 This setup strongly favors short positions, as long as the price stays below 162.500. A break above 164.165 invalidates the bearish setup, signaling a potential reversal. Until then, the market remains bearish, with TP1 & TP2 as achievable downside targets. 💬 What’s your outlook on EURJPY? Drop your analysis below! 👇
Short
by GoldMasterTrades
EUR/JPY: Bullish Continuation SetupDisclaimer: This is not professional financial advice; it is purely my personal opinion. Please consult a qualified financial expert before making any trading decisions. In my analysis of EUR/JPY, the market appears to be maintaining a bullish trend on the four-hour timeframe. The recent price action suggests that the upward momentum is still intact, and I believe the market is showing potential for continued long positions, unless price action indicates otherwise. Starting on the four-hour chart, I observed that the price has been making higher highs and higher lows, indicating that buyers are still in control. Moving down to the one-hour timeframe, we can see the formation of key supply and demand zones that could present opportunities for traders to enter long positions at favourable prices. This setup appears to be well-suited for traders looking to capitalize on the bullish trend, especially if the market retests demand zones for a potential entry.
Long
by clever_jeph
BUY EURJPY for bearish trend reversal STOP LOSS : 160.78 BUY EURJPY for bearish trend reversal STOP LOSS : 160.78 Regular Bullish Divergence In case of Regular Bullish Divergence: * The Indicator shows Higher Lows * Actual Market Price shows Lower Lows We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this strong level of Support so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX