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EURJPY trade ideas

EURJPY → Retest support before growthFX:EURJPY has been correcting since the opening of the European session. The movement was triggered by yesterday's news related to the trade deal between the US and Europe... EURJPY is reacting to news related to the deal between the US and Europe. A correction is forming amid the fall of the euro, but against the backdrop of the dollar's growth, the currency pair has a chance to rise if the bulls keep the price in the buying zone relative to the support level of 173.08. The dollar is rising, and against this backdrop, the Japanese yen is falling. Bulls have every chance of holding their ground above the previously broken resistance. If the market confirms support, we will have chances for growth. Resistance levels: 173.87 Support levels: 173.082, 172.47 The currency pair may form a liquidity trap relative to the previously broken consolidation resistance. A false breakdown of support and price consolidation in the buying zone (above 173.1) could trigger further growth. Best regards, R. Linda!
Long
by RLinda
7
EUR-JPY Local Long! Buy! Hello,Traders! EUR-JPY is trading in an Uptrend and the pair made A breakout, a retest and A bullish rebound from the Horizontal support of 173.200 So we are bullish biased and We will be expecting a Further bullish move up On Monday! Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by TopTradingSignals
4
EURJPY BUYJust an idea for short term target with SL and TP. Timeframe: H1 Price: 173.049 SL: 172.509 TP: 174.669 SL will move to breakeven at 1:1 Close 50% at 1:2 Remaining will run till 1:3 Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Long
by shakeels07
2
Trading the Pullback on EURJPY My Trade PlanThe EURJPY is clearly in a strong bullish trend 📈, as shown by a consistent pattern of higher highs and higher lows on the 1H timeframe ⏱️. In this video, I’m looking to capitalize on a pullback as a potential buy opportunity 🎯. We dive into my entry strategy, explore how to align with the prevailing trend, and break down key concepts such as price action, market structure, and smart pullback zones 🧠📊. ⚠️ As always, this is for educational purposes only — not financial advice.
Long
by fxtraderanthony
1
EUR/JPY Bearish Engulf as EUR/USD Sells Off Ahead of the FedA good illustration of FX market structure is on display today. EUR/USD is down sizably after teh announcement of the EU trade deal and this may be a 'buy the rumor, sell the news' kind of event. But, there's also the possibility that this is squaring up ahead of a really big week of drivers with FOMC, Core PCE and NFP all scheduled for later this week. But, there's also the sentiment argument, where a strong bullish move has taken hold of the Euro in the first half of the year as EUR/USD has jumped to fresh three-year highs. And while USD/JPY is rallying up to the 148.00 level, displaying Yen-weakness, EUR/JPY is down on the daily with a show of JPY-strength. This highlights that the move in EUR/USD is likely driving that sell-off in EUR/JPY as EUR/JPY is currently working on a bearish engulfing candlestick on the daily. And this happens after last week showed overbought RSI on both the daily and weekly charts, with daily RSI diverging from price as EUR/JPY set a fresh yearly high shortly after the open this morning. This shows that EUR/JPY is very much in-play this week with those US drivers, and there's also the Bank of Japan rate decision to consider. In EUR/JPY, there's possible support tests coming up, around the 170.47 and 170.93 Fibonacci levels, followed by the 170.00 big figure. - js
by FOREXcom
EUR/JPY: The Yen Begins to Gain GroundOver the past three trading sessions, the EUR/JPY pair has declined by up to 0.8%, as the yen has steadily gained strength, preventing the euro from maintaining its momentum in the short term. Selling pressure has held firm, especially after news that Japan finalized a new trade agreement with the United States, which lowered the initially proposed 25% tariff to 15%. This development has been perceived as a positive outcome for Japan and has supported strong demand for the yen in the latest trading session. Uptrend Remains Intact Despite the yen’s recent strength, it is important to note that the EUR/JPY pair remains in a well-defined uptrend, with sustained bullish momentum continuing to dominate the long-term outlook. Although some short-term selling corrections have emerged, they remain insufficient to break the current bullish structure. For now, the uptrend remains the most relevant technical formation in the chart and should continue to be monitored unless selling pressure becomes significantly stronger. RSI The RSI indicator has started to show lower highs, while price action continues to register higher highs. This event suggests the potential formation of a bearish divergence, which may indicate that the current selling correction could gain more traction in the coming sessions. MACD The MACD histogram remains close to the neutral zero line, indicating that no clear direction has formed in short-term moving average momentum. If this neutral setting continues, the chart could enter a more defined consolidation phase in the near term. Key Levels to Watch: 172.896 – Resistance Level: This level corresponds to the recent high, and any buying momentum strong enough to break it could confirm a bullish continuation, supporting the long-standing uptrend currently in place. 170.231 – Nearby Support: This level aligns with a short-term neutral zone and may act as a temporary barrier, limiting any bearish corrections that may arise in the sessions ahead. 166.930 – Key Support: This is a critical level not seen since June of this year. If bearish pressure intensifies and the price falls to this point, it could seriously jeopardize the bullish structure that has been holding so far. Written by Julian Pineda, CFA – Market Analyst
by FOREXcom
SELL EURJPY for bullish trend reversal SELL EURJPY for bullish trend reversal STOP LOSS : 172.80 Trade trade is based on false breakout and divergence..... First what is false breakout, A false breakout in Forex occurs when the price breaks through a key level (like support or resistance) but quickly reverses and returns to its original range, often trapping traders who were expecting a continuation of the breakout. It's essentially a false signal, indicating a potential trend reversal or continuation, but the price doesn't follow through.... Secondly what is divergence ,In forex trading, divergence occurs when the price of a currency pair moves in one direction, while a technical indicator (like an oscillator) moves in the opposite direction. This mismatch can signal a potential trend reversal or weakening trend. There are two main types: bullish and bearish divergence.  On this trade we are taking it because we saw regular bearish divergence Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the RSI already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here .....
Short
by BALE_FX
EUR/JPY Again Below My Res , Short Setup Valid To Get 150 Pips !Here is my opinion on EUR/JPY On 2H T.F , We have a fake breakout and Gap and the price back again below my res area and closed with 4H Candle below it , so i have a confirmation and i`m waiting the price to go back to retest this strong res and give me any bearish price action and then we can enter a sell trade and targeting 100 : 150 pips . if we have a daily closure above my res then this analysis will not be valid anymore .
Short
by FX_Elite_Club
Bullish bounce?EUR/JPY is falling towards the pivot and could bounce to the 1st resistance, which acts as a swing high resistance. Pivot: 171.05 1st Support: 169.69 1st Resistance: 173.27 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURJPYBank of Japan (BOJ) — July 28, 2025: Latest Overview Policy Rate and Recent Moves Short-term policy rate: Remains at 0.5%, the highest since 2008. Decision timing: This rate was set in January 2025 (up from 0.25%) and has been maintained Policy Outlook and Economic Backdrop Inflation: Tokyo's core CPI is running above the BOJ’s 2% target (2.9% YoY in July), primarily due to external price pressures like energy and currency movements, not strong domestic demand. Growth trends: The BOJ has trimmed its growth outlook, noting headwinds from higher U.S. tariffs and yen weakness, but still expects a moderate recovery if global trade remains stable. Bond Purchases: The BOJ is scaling back its massive holdings of Japanese government bonds—targeting a 400 billion yen quarterly reduction through March 2026, then lowering to 200 billion yen in subsequent quarters. Potential rate path: Market consensus and BOJ commentary indicate a possible hike to at least 0.75% by year-end 2025 if above-target inflation persists and downside global risks do not intensify. Key Drivers and Central Bank Signals U.S.-Japan trade: The new trade pact has reduced some uncertainties, supporting the possibility of policy tightening if inflation and yen trends remain stable. Inflation’s nature: The BOJ stresses that any additional rate hikes will depend on seeing sustained, demand-driven price increases and wages, rather than just external cost pressures. Governor Ueda’s message: The BOJ is maintaining a cautious, data-dependent approach, prioritizing stability and careful evaluation of global and domestic risk factors. Quick Fact Table Indicator Latest (July 2025) BOJ’s Signal Policy Rate 0.5% Steady for now; another hike possible in 2025 Tokyo Core CPI (YoY) 2.9% Sustainable above-target inflation Next Meeting July 30–31 Hawkish bias; likely no immediate change Bonds (JGB reduction) -400B yen/Q Gradual unwinding through March 2026 Rate Outlook Stable, with upside Hike to 0.75% possible by year-end if justified Summary: The BOJ remains in a cautious, data-driven policy stance at 0.5% as of late July 2025, with inflation still above target and moderate growth. The central bank is slowly reducing bond purchases and may raise rates again by year-end if the current economic trends persist, but no change is expected at the imminent July meeting. European Central Bank (ECB) — July 2025: Latest Policy and Economic Update Key Interest Rates and Current Stance Deposit Facility Rate: 2.00% Main Refinancing Operations (MRO) Rate: 2.15% Marginal Lending Facility Rate: 2.40% These rates were set after a 25 basis point cut in early June 2025 and have now been held steady as of the ECB’s July 24, 2025 meeting. Monetary Policy Context Policy Pause: The ECB ended a year-long easing cycle which saw rates cut from 4% to 2%. The current pause reflects the ECB’s “wait-and-see” approach as inflation has now stabilized at its 2% target and global trade tensions—especially over U.S. tariffs—add significant uncertainty. No Commitments: The Governing Council is explicitly not pre-committing to any future rate path, emphasizing a data-dependent, meeting-by-meeting stance. Asset Purchases: The ECB’s asset purchase programme (APP) and the pandemic emergency purchase programme (PEPP) portfolios are being reduced gradually, with no reinvestment of maturing securities. Inflation and Economic Outlook Inflation: Now at 2% (its target). The ECB expects it to remain near target for the period ahead. Wage growth continues but is slowing, and underlying price pressures are easing. Ecoomic Growth: The eurozone economy grew more strongly than expected in early 2025, but trade uncertainty and a stronger euro are holding back business investment and exports. Higher government spending, especially on defense and infrastructure, is expected to support growth over the medium term. Loans and Credit: Borrowing costs are at their lowest since late 2022. Households are benefiting from strong labor markets and growing wages, but banks are cautious in their lending due to uncertainty and global trade tensions. Risks and Forward Guidance The ECB is focused on safeguarding price stability amid exceptional uncertainty due to global trade disputes and policy risks. There is no forward guidance for the next rate change. Markets are pricing only one possible additional cut for 2025, and a potential return to tightening in late 2026 if inflation stays below target. Summary Table: ECB at a Glance (July 2025) Policy Rate 2.15% Deposit Rate 2.00% Marginal Lending 2.40% Inflation (Jun 25) 2% (target achieved) GDP Growth (2025) 0.9% (projected) Policy bias Cautious, data-dependent pause The ECB’s current stance is one of caution, monitoring the effects of prior easing and global trade risks while inflation stabilizes at target. No further near-term cuts are planned unless significant data surprises emerge. The approach is flexible, with decisions made meeting-by-meeting in response to evolving economic and financial conditions.
Long
by Shavyfxhub
demand zone spottedEUR/JPY – Bullish Rejection from Demand Zone | 4H Smart Money Setup Pair: EUR/JPY Timeframe: 4H (4-Hour) Bias: Bullish Status: Trade Active Strategy: Demand Zone Rejection / Smart Money Concepts (SMC) Market Context EUR/JPY has been in a broader uptrend with higher highs and higher lows throughout July. Recently, the market retraced and tapped into a clearly defined demand zone, showing bullish rejection—a potential opportunity for long entries. Key Technical Highlights • Demand Zone marked around 170.65 – 171.30 o Formed by previous accumulation before the last strong impulsive bullish leg. o This zone acts as institutional support, where large buy orders may reside. o Price wicked into the zone and printed a bullish candle, suggesting buyer interest. • Risk-Reward Structure o Entry: ~171.33 (current price action after bounce) o Stop Loss: Below demand zone (~170.66) o Take Profit: 173.38 (previous high / clean traffic zone) • The position is marked on chart with a clear long setup: o Green zone = Target o Red zone = Risk o Trade offers a favorable Risk:Reward > 2:1 Scenarios Bullish Continuation • Price continues upward respecting demand zone. • Confirmation from bullish price action or break of lower highs (structure shift). • Clean targets above at 173.00 – 173.40. • Bearish Invalidity • Price closes below 170.65 on a 4H candle. • Break of demand invalidates the setup. • Next potential support lies lower near 169.80. Trade Plan Summary Component Value Entry 171.33 Stop Loss 170.66 Take Profit 173.38 R:R Ratio ~2.5:1 Status Active, Waiting for Follow-through Conclusion EUR/JPY is showing a clean rejection from a strong 4H demand zone after a healthy pullback. Structure still supports a bullish continuation, and the trade is positioned with tight risk and strong upside potential. Monitoring for confirmation via momentum and market structure.
Long
by eaonimisi