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
About Euro / Japanese Yen
The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings. Volatility may be found in news related to the Eurozone debt crisis and from the Bank of Japan’s anti-deflation policy efforts introduced in 2013.
EUR/JPY Long Setup – Bullish Reversal from Key Support Zone Entry Point: 162.227
Stop Loss: 161.629
Take Profit (Target): 166.778
Current Price: ~162.798
Risk/Reward Ratio:
Risk: ~60 pips
Reward: ~455 pips
Risk/Reward ≈ 1:7.6 (strong setup)
🔍 Technical Insights
Support Zone:
The purple rectangle around 162.227 to 162.000 is identified as a key deman
EURJPY suggests a potential bearish moveEURJPY suggests a potential bearish move.
The price has been moving within an ascending channel
A downward-sloping trend line indicates a possible break below the channel.
If the price continues to drop, it may reach 163.300 ,162.500 and 162, which are marked as support levels.
The BOJ is pro
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 effectiv
SMC Trap = Clean CHoCH + OB Long, Targeting Liquidity Sweep!We’re tracking a textbook Smart Money Concept (SMC) long setup on EURJPY, 30M timeframe, with clear structure shift and clean OB entry. Here's the full breakdown for traders:
🔄 Market Structure Shift:
Major bearish trend visible from previous candles.
Sharp rejection followed by a Change of Charac
EURJPY → Storming the resistance. Ready for the rallyFX:EURJPY is rising amid a stronger dollar and positive news about the de-escalation of the trade war. The currency pair is storming the resistance of the range.
The currency pair is forming a retest of resistance. A breakout and consolidation above 164.19 - 164.50 could support the market ami
EUR/JPY Bearish Pin Bar After Failed Run at 165.00If looking for Yen-strength, EUR/JPY makes for a compelling argument especially against USD/JPY and GBP/JPY.
the pair is spending its ninth consecutive week showing resistance at the 163.00-163.38 zone and this week, bulls had an open door to run a breakout until they got caught at the 165.00 hand
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our wo
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related currencies
Frequently Asked Questions
The current rate of EURJPY is 162.849 JPY — it has decreased by −0.19% in the past 24 hours. See more of EURJPY rate dynamics on the detailed chart.
The value of the EURJPY pair is quoted as 1 EUR per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURJPY has the volatility rating of 0.77%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURJPY showed a −0.81% fall over the past week, the month change is a 0.28% rise, and over the last year it has decreased by −3.56%. Track live rate changes on the EURJPY chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURJPY is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURJPY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURJPY technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURJPY shows the buy signal, and 1 month rating is buy. See more of EURJPY technicals for a more comprehensive analysis.