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EURJPY trade ideas

EUR/JPY Chart Strong Bullish Breakout**EUR/JPY** chart shows a strong bullish breakout after a period of consolidation. Here’s a quick analysis: **📊 EUR/JPY Trade Outlook** 🔹 **Current Price:** 160.600 🔹 **Resistance Zone:** Near **161.000** 🔹 **Support Levels:** **160.132**, **159.797** ### **Key Observations:** ✅ Price broke above consolidation with strong bullish momentum. ✅ Moving averages indicate an uptrend continuation. ✅ Volume increase supports the bullish breakout.
Long
by TradingStar090
Trade Idea on a zone.EJ idea great zone on 78.6 fib head and shoulders. The EURJPY is breaking back above the 100 day MA on the daily chart (see blue line on the chart above). Last week, the price moved up to that MA and rotated lower. Going back to the end of February on the chart above, the EURJPY found support at 154.37, a key swing area, after briefly dipping below the 38.2% Fibonacci retracement at 155.92. The bounce from this level has led to a recovery in March. Today, the pair now testing/breaking the 100-day MA (161.31) . The 200-day MA (163.08) is the next key target. The price of the EURJPY stalled against that MA in December and again in January. .
by EZIO-FX
EURJPY Technical Analysis! SELL! My dear friends, EURJPY looks like it will make a good move, and here are the details: The market is trading on 160.92 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 159.03 Recommended Stop Loss - 161.65 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 ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURJPY Bullish Breakout Technical and Fundamental confluenceEURJPY Trade Analysis Trade Type: Buy Technical Analysis: 1. Trendline Breakout: EURJPY has broken above a key trendline, signaling a potential trend reversal or continuation. 2. Zone Breakout: The price has decisively moved past a strong resistance zone, confirming bullish momentum. 3. Double Bottom on 4H: A well-formed double-bottom pattern at a critical support level within the blue zone suggests a strong bullish reversal. Fundamental Analysis: Bullish Euro Outlook: Recent economic data and news favor the euro, boosting investor confidence. Positive developments such as stronger-than-expected GDP growth, hawkish ECB comments, or improved inflation outlook contribute to EUR strength. Risk Sentiment: If global markets favor risk-on assets, JPY (a safe-haven currency) could weaken, further supporting EURJPY’s bullish move. Trade Details: Target Price: 163.755 Risk Management: 1% risk per trade Risk-to-Reward Ratio (RRR): 1:3 With both technical and fundamental factors aligning, this trade setup presents a high-probability opportunity. Proper risk management will be maintained to maximize gains while minimizing exposure.
Long
by VENRAW
EURJPY 4h bearish ideaEUR/JPY (4H) Technical Analysis – March 6, 2025 Market Structure & Price Action: The pair was previously in a downtrend, forming a descending channel. A breakout above the descending trendline occurred, signaling a potential trend reversal or at least a strong retracement. Price surged past resistance at 156.38, confirming the breakout with bullish momentum. The next key resistance level was 159.87, which has now been tested. Volume Analysis: A noticeable increase in volume at the breakout point indicates strong buying pressure. If volume starts declining at the current level, a pullback could occur before further continuation. RSI Indicator: RSI is at 63.92, approaching the overbought zone (70). Momentum remains bullish, but there could be a short-term correction before the next move higher. Key Levels to Watch: Support: 159.87 (recent breakout level), followed by 156.38. Resistance: 160.60 (current high) and possibly 162.00 if bullish momentum continues. Potential Trading Scenarios: Bullish Case: If price holds above 159.87, the uptrend could continue towards 161.00-162.00.
Short
by Forexbeats
EURJPY can be bearish EURJPY can be bearish for this 3 reasons : 1. The price hunt the important resistance zone (161.232 - 160.184) so the trend can revers at this price. and here is a strong bearish candle stick : 2. The bearish trend line of the daily time frame shows the bearish trend. 3.Also the RSI number (53) shows that we have space to move lower. Trigger : You can entry with a good candle stick at the resistance or even now without trigger. or any strategy you have. Target : the target can be the support zone or when the RSI reaches below 30 number. (I'd rather RSI) Stop loss : my stop loss is above last candle stick on resistance zone. you can have your personal stop loss but be sure you use stop loss. It's just my personal analysis and I have no responsibility for your trades. thanks for your attention.
Short
by Arco-ir
EURJPY Will Go Down From Resistance! Sell! Please, check our technical outlook for EURJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 159.715. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 156.155 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
The EURJPY pair is bullish, with falling wedge patternHello' The EURJPY pair has formed a falling wedge pattern, evident on both the daily and 4-hour time frame charts. We can now see the breakout point, and we are nearing the entry point for the trade, which is 158.700. It's also look like pole wedge pattern, which also indicate's a bullish trade. Target's 1 163.200 2 164.800 3 166.500 It's all about my thought. What you think about it? Write in comment section. Thanks. Stay tuned with us for new updates.
Long
by David_1_8
2