Looking for possible longs on EURJPY
This is a classic bullish setup based on:
• Price action rejection near a demand zone
• A higher low formation
• Aiming for a return to recent resistance
I’m expecting the price to bounce and rise from this demand zone and reach the marked TP while maintaining a tight SL to manage risk effectively
JPYEUR trade ideas
EURJPY🔍 Chart Analysis (EUR/JPY – 1H Timeframe):
A Double Bottom pattern has formed around the 162.10 - 162.20 zone, indicating selling pressure is weakening and a potential bullish reversal.
There's a clear key resistance level at 163.00, which has already been tested once but not yet broken.
The most recent low is a Higher Low, suggesting buyers are gaining strength and a bullish trend may be starting.
Suggested Trade Setup:
Direction: Bullish (Buy)
Entry: Around the current price (162.70 – 162.75)
Stop Loss: Below the second bottom – around 162.05
Take Profit 1 (TP1): 163.00 (key resistance)
Take Profit 2 (TP2): 163.60 (previous swing high)
Trade Rationale:
Price rebounded from a strong support level (162.10)
Formation of a Higher Low – bullish signal
If buying pressure continues, price may break above 163.00
DAILY HOT PICK EURJPY LONG FORECAST Q2 W21 D20 Y25DAILY HOT PICK
FX:EURJPY
EURJPY LONG FORECAST Q2 W21 D20 Y25
GOOD MORNIG EJ, Due to higher time frame nothing-ness, the pair has been somewhat neglected BUT, We are starting so see some charting action within the lower time frame that excited pattern recognition.
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure.
Let’s see what price action is telling us today!
💡Here are some trade confluences📝
✅HTF 50 EMA
✅Intraday 15' order block
✅Tokyo ranges to be filled
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
EURJPYThe idea last week was to look for buying opportunities in this zone, but as we moved into Friday, the market lost its spring and failed to mount a decisive rebound. What I’m now watching for is a modest upside confirmation during early Asian hours—particularly if Japan’s April services PMI, which came in at 52.8, remains in expansion territory—so that we can position ourselves ahead of the European pre‑open. Given that China’s Caixin services PMI held at 53.2 and Q1 GDP growth in Japan printed 1.1% annualized, there’s a supportive backdrop for risk assets. That said, it would be prudent to trail stop‑loss orders to lock in gains, because although the consensus remains for a broadly bullish week following the softer-than-expected U.S. retail sales print of +0.2% in April, we could well see a mid‑week pullback as traders take profits.
EURJPY: Will Keep Growing! Here is Why:
The analysis of the EURJPY chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers.
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EURJPY Analysis: Range Bounces & BreakoutHello traders!
EURJPY is in a daily range and is offering three trading scenarios.
The first scenario suggests the pair may react bearishly from the currently approached zone, setting up a bounce opportunity that could drive price lower toward the 162.130 area.
The second scenario anticipates a bounce toward the 158.400 area, if price reaches the support zone of the range.
The third scenario anticipates a breakout above the resistance zone, followed by a retest, which could present a strong opportunity for continuation toward the 169.300 area.
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EUR_JPY LOCAL LONG|
✅EUR_JPY is trading in an uptrend
With the pair set to retest
The rising support line
From where I think the growth will continue
LONG🚀
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EURJPYnterest Rate Differential
European Central Bank (ECB):
Deposit rate: 2.25% (cut by 25 bps in April 2025).
Outlook: Markets expect two more cuts in 2025, potentially lowering rates to 1.75% by year-end, as tariff risks and weak growth persist.
Bank of Japan (BoJ):
Policy rate: 0.50% (held steady in May).
Outlook: BoJ lowered its 2025 GDP growth forecast to 0.5% (from 1.0%) due to U.S. tariff risks and weak Q1 data. Rate hikes are unlikely until 2026.
Differential: ~1.75% in favor of EUR, though ECB easing may narrow this gap.
Key Economic Data for May 2025
Eurozone
Q1 GDP Growth (Final):
0.3% QoQ (vs. preliminary 0.4%), marking the fifth straight quarter of growth.
Germany (+0.2%), Spain (+0.6%), and Italy (+0.3%) outperformed France (+0.1%).
Risks: U.S. tariffs on EU exports (potentially 20% starting July) threaten future growth.
ECB Policy Signals:
ECB President Lagarde emphasized a data-dependent approach, with further cuts likely if inflation remains subdued.
Japan
Q1 GDP Contraction:
-0.7% annualized (vs. -0.2% expected), driven by weak exports (-5.0%) and stagnant consumption.
U.S. tariffs on Japanese autos (24%) and machinery exacerbate recession risks.
BoJ Caution:
Governor Ueda warned of "downside risks" from trade tensions, signaling no near-term rate hikes despite inflation above target.
Directional Bias for EUR/JPY
Short-Term (May–June 2025): Bullish EUR/JPY
ECB’s higher rates (vs. BoJ’s 0.50%) sustain the euro’s yield advantage.
Japan’s weak GDP and tariff vulnerabilities keep JPY under pressure.
Medium-Term (H2 2025): Neutral-to-Bearish
ECB rate cuts (to 1.75%) could narrow the rate differential, reducing EUR appeal.
Safe-haven JPY demand may rise if U.S.-EU/Japan tariff tensions escalate.
#SHAVYFXHUB #EURJPY #JAPAN #EUROPE #EURO #yen #fx #forex
EurJpy Trade IdeaYesterday I published a long set up on EJ and stated why I was going long on the pair. After markets opened back up I had the retest and candle closure I wanted to see. Price ended up playing out as expected where 1:3rr targets were then smacked! I'll personally be looking to get into some more longs on the pair once price can give a pullback and show some type of bullish candle closure. We'll see what happens with EUR having a bank holiday today.
EURJPY: This week and next month analysis.Jen has Strengthen itself, may be under pressure of Trump administration, this may have ended or not. but technically we are ready see more bearish days for pairs against JPY:
The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones.
Some of these points can also be confirmed by the mathematical intervals of Murray.
You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC.
SL could be placed below the zone or regarding the LTF swings.
TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels.
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Role of different zones:
GREEN: Just long trades allowed on them.
RED: Just Short trades allowed on them.
BLUE: both long and short trades allowed on them.
WHITE: No trades allowed on them! just use them as TP points
EurJpy Trade IdeaWith EJ ranging between two major levels and respecting the support level below once again, I'll personally be looking to get into some longs on the pair for this week. We had a clean flip ofs structure once price tapped into the support below. Price did break below the support level but failed to continue heading bearish. Once price can break and retest from the smaller time frame range I'll execute longs with a 1:3rr target. We'll see what happens.
EURJPY still to expect bearish for new week
OANDA:EURJPY strong bearish bounce from top line of price action, currently price in rectangle and on bottom line of price action.
EUR with all showing self the weakest in last periods and expectations are still to see weaknes, here expecting break of rectangle and trend line of PA and higher bearish continuation till res zone.
SUP zone: 163.300
RES zone: 160.600
EURJPY Wave Analysis – 26 May 2025
- EURJPY reversed from key support level 161.40
- Likely to rise to resistance level 165.00
EURJPY currency pair recently reversed up from the key support level 161.40 (which has been reversing the price from the middle of April), coinciding with the lower daily Bollinger Band
The upward reversal from the support level 161.40 created the daily Japanese candlesticks reversal pattern Long Legged Doji.
EURJPY currency pair can be expected to rise to the next resistance level 165.00, which has been reversing the price from last November.