EUR/JPY BEARS WILL DOMINATE THE MARKET|SHORT
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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.
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JPYEUR trade 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.
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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.
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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
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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 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 Bullish Breakout: Targeting 300 Pips Toward 161.500EURJPY is currently trading at 157.500, having completed a falling wedge breakout and now holding above a key support level. The falling wedge is a strong bullish reversal pattern, indicating that after a period of consolidation, buyers are stepping in to drive the price higher. If this support holds, EURJPY could gain further momentum, targeting the 161.500 level for a potential 300-pip move.
From a technical perspective, the breakout has already been confirmed, and price action suggests that bulls are in control. A strong hold above support, along with increased buying pressure, could push EURJPY toward its next resistance zone near 161.500. Traders should watch for bullish candlestick formations and volume confirmation to strengthen the breakout scenario.
On the fundamental side, the euro’s strength against the yen is largely driven by monetary policy divergence between the European Central Bank (ECB) and the Bank of Japan (BoJ). The ECB remains relatively hawkish, while the BoJ continues its ultra-loose monetary policy, keeping the yen weak. Additionally, risk-on sentiment in global markets tends to favor EURJPY upside.
In summary, EURJPY has broken out of a falling wedge and is holding above a critical support level, with bullish momentum building. If this level remains intact, the pair could see a 300-pip rally toward 161.500. Traders should monitor price action, volume, and any shifts in ECB or BoJ policy for further confirmation of the bullish trend.
EURJPY Range Setup – Could We See a 100–200 Pip Push?We’ve had two successful calls on EURJPY recently—each netting around 100 pips—and that’s not even counting our private setups.
Price is currently trading inside a familiar range, hovering around the triple-bottom area (bottoms 1, 2, and 3). I’m looking for a bounce toward 158.03 if buyers hold this zone.
🔍 Why I’m Watching This Trade:
✅ Range-Bound Action: Price has been revisiting the same support levels, suggesting a possible rebound.
✅ Triple-Bottom Area: Each time price hit this zone, buyers stepped in, hinting at bullish momentum.
✅ Short-Term Target: If buyers remain strong, I’m aiming for around 100–200 pips, reaching 158.03 or slightly higher.
⚡ Levels to Watch:
Support: ~155.00 (triple-bottom zone)
Resistance: ~158.03
If price can’t stay above the bottom support or breaks decisively below these levels, then sellers may push it further down. However, as long as it holds, I’m expecting a decent run to 158.03. Let’s see how this range plays out! 🚀
EURJPY: Gap is Going to Close 🇪🇺🇯🇵
There is a nice gap up opening on EURJPY.
The formation of a bearish engulfing candle
after a test of the underlined resistance indicates
that the gap is going to be filled soon.
Goal - 156.3
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EUR/JPY SHORTI believe EUR/JPY has the potential to go down some more. The reason being so is because of the market structure that was set in the 4 Hours Timeframe and this allows me to pivot my bias into shorting EUR/JPY base on the given risks levels. If the price breaks those levels then I will consider this set up fail but if it doesn't break and actually follows how the analysis is. I would be looking for a long position on the down side