EUR/JPY – Rectangle Pattern Breakdown SetupEUR/JPY has been consolidating within a clear rectangle pattern after a strong uptrend. The market is currently testing the support zone around 171.00.
Previous structure shows multiple BOS (Break of Structure) and ChoCH (Change of Character).
Price is ranging between resistance (173.00) and suppo
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.
Related currencies
Potential Short After Structure Break and FVG FormationThe analysis of EUR/JPY shows the development of a bearish structure, which could offer a good opportunity for a short position. After the price broke the previous local high (BOS), it failed to maintain its bullish momentum and reversed its direction, forming a change of character (ChOCH). This is
Lingrid | EURJPY Potential Breakout and Price SurgeThe price perfectly fulfilled my previous idea . FX:EURJPY is consolidating just beneath resistance after rebounding strongly from the support zone. Price is moving inside an upward channel, while repeatedly testing the downward trendline from above, hinting at a potential breakout. A confirmed m
Battle Of Wicks Confirms Pennant On EJ, Which Leg Will Break?!Here on OANDA:EURJPY we can see Price has been volleyed back and forth between a Falling Resistance and Rising Support at similar degrees forming a Pennant Pattern!
Currently we can see the Consolidation is getting tight and likely to breakout soon, the question is which leg will break?!
Fundame
EURJPY Testing Supply Zone Can Bears Regain Control?EURJPY has climbed back into a key resistance area near 172.40–172.50, a zone that previously triggered sharp selling pressure. Price action suggests exhaustion at these highs, with a possible rotation back toward support if sellers defend this zone again. Given the yen’s safe-haven role and the eur
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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.
Frequently Asked Questions
The current rate of EURJPY is 171.666 JPY — it has decreased by −0.16% 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 0.37%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURJPY showed a −0.19% fall over the past week, the month change is a −0.50% fall, and over the last year it has increased by 6.62%. 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.