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Japanese Yen/Euro

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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 support (171.00). A confirmed support break could open the way toward the next bearish target near 169.00. If buyers defend the support, a short-term bounce back into the range is also possible. This analysis is for educational purposes only, not financial advice. Always manage your risk before trading
Short
by ProfitMagnet-Pro
6
Bearish drop off pullback resistance?EUR/JPY has rejected off the pivot which has been identified as a pullback resistance and could drop to the major support. Pivot: 171.99 1st Support: 169.91 1st Resistance: 172.85 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.
Short
by ICmarkets
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?! Fundamentally EUR and JPY have news events littered throughout this week that will give us some good insight into both currencies corresponding economies, like Tokyo Core CPI y/y on Thursday, Aug. 28th with a Bearish forecast of 2.6%, down from 2.9%! For now, we must wait for Price to give us a Breakout and Retest!
by Novi_Fibonacci
Bearish drop?EUR/JPY has rejected off the pivot which acts as a pullback resistance and could drop to the 1st support. Pivot: 171.99 1st Support: 170.24 1st Reistance: 172.87 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.
Short
by ICmarkets
EURJPY 4H Analysis: Supply Zone in Focus1. Market Structure EURJPY is currently consolidating within a defined range, exhibiting sideways movement between a visible supply zone and demand zones. The structure suggests a potential for directional movement once one of these zones is decisively tested. 2. Key Zones Supply Zone (Resistance Area) Price Range: 172.234 – 173.655 This zone previously triggered a significant bearish movement, indicating the presence of active sellers. A retest of this area may present a potential reversal opportunity to the downside. Minor Demand Zone Price Level: 170.188 This area provided a short-term bounce in the past but lacks strong structural significance. It may act as temporary support if price begins to move lower. Major Demand Zone (Primary Downside Target) Price Range: 167.023 – 166.646 This is a structurally significant zone, expected to provide stronger buying interest if reached. It represents the primary target area for a bearish continuation scenario. 3. Scenario Overview Primary Scenario – Bearish Outlook: If price retests the supply zone (172.234 – 173.655) and confirms rejection, a downward move is anticipated. The move is likely to target: First level: 170.188 (minor support) Continuation: Retest and further decline Final target: 167.023 (major demand zone) 4. Entry and Risk Management Considerations Traders are advised to seek additional confirmation on lower timeframes before executing positions, such as reversal patterns or short-term structural shifts. Position sizing should follow a disciplined risk management plan aligned with account size and volatility context. 5. Summary EURJPY remains in a consolidative phase, but technical conditions indicate a possible bearish continuation if the supply zone holds. Patience and risk management remain critical, particularly in range-bound market environments where false breakouts are common.
by RakyatTrader
EUR/JPY - Short Term Bearish before Bullish Impulse💶 EUR/JPY – 8H Breakdown 📊 Bias Short-term bearish → setting up for a liquidity sweep before bullish continuation. 🔎 Technical Breakdown Liquidity Zones: Buy Side Liquidity: 172.50 – 173.00 Sell Side Liquidity: 171.00 – 171.20 Market is currently hunting sell side liquidity before a possible bullish reversal. Wave Structure: Price unfolding inside a corrective structure (a–b–c–d–e). Currently testing the lower range (c → e completion zone). 71% retracement confluence around 171.00 support zone. Key Levels: Target Resistance: 173.90 Current Price: 171.35 Buy POI / Demand Zone: 170.80 – 171.00 Invalidation: Break below 169.82 🎯 Trade Plan Entry Zone (Buy): 170.80 – 171.00 Stop Loss: Below 169.80 (invalidate bullish scenario) First Target: 172.00 (mid-range) Main Target: 173.90 (major liquidity target) ⚠️ Notes Watch for a liquidity sweep below 171.00 before the real move up. If demand holds, expect a sharp reversal into 173.90. If invalidation breaks, bearish continuation opens towards 169.00.
Long
by jamesibartram
EURJPY Will Fall! Sell! Take a look at our analysis for EURJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 171.432. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 170.376 level. 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. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
EURJPY Forming Symmetrical TriangleEURJPY is currently trading around 172.30, consolidating within a clear symmetrical triangle formation after a strong bullish rally from June. This pattern generally indicates accumulation before the next impulsive move, and given the dominant uptrend, the probability leans toward a bullish breakout. The immediate resistance lies near 173.00, and a decisive close above this zone can trigger continuation toward the 179.20 level, aligning with the projected target area shown on the chart. On the downside, 171.00 and 170.60 remain the key supports that protect the bullish structure. From a fundamental perspective, the euro is finding support as investors focus on upcoming ECB policy signals, especially with inflation across the eurozone still above the bank’s comfort zone. Meanwhile, the yen remains under pressure as the Bank of Japan continues to maintain its ultra-loose monetary stance despite slight interventions to limit yen weakness. The widening interest rate differential keeps favoring EURJPY upside momentum, while safe-haven flows into JPY have been limited with global risk sentiment still steady. The technical compression within this triangle combined with strong fundamentals creates a setup for potential volatility expansion in the coming sessions. A bullish breakout could attract momentum buyers and carry traders, targeting the 179–180 zone. However, if price slips back below 171.00, it would indicate short-term weakness and invite corrective moves before any continuation. This pair remains one of the most attractive for trend-following strategies, with the carry trade advantage supporting euro strength against the yen. Traders should monitor the breakout direction closely, as the next leg will likely set the tone for September’s trading.
Long
by AndrewsMarket-Mastery
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 euro’s sensitivity to ECB policy shifts, this setup is primed for a potential reversal play. Current Bias Bearish – The pair is showing rejection signs at resistance, favoring downside toward lower support levels. Key Fundamental Drivers ECB Outlook: The ECB is cautious, with slowing eurozone growth limiting room for further tightening, reducing euro strength. BOJ Policy & Yen Flows: Yen remains supported by safe-haven demand and speculation around BOJ gradually tightening, even if modestly. Risk Sentiment: Global equity volatility and tariff/geopolitical risks support yen buying when risk-off flows emerge. Macro Context Interest Rates: ECB is holding policy steady but leans dovish relative to other central banks. Japan remains ultra-loose, but any hint of normalization sparks yen strength. Economic Growth: Eurozone growth is fragile, with Germany’s industrial sector under pressure. Japan’s economy is steady, though export-driven, making it vulnerable to global demand. Geopolitics: Trade tariffs, US-China tensions, and Middle East risks all lean supportive for the yen as a safe haven. Primary Risk to the Trend A hawkish ECB surprise or strong eurozone inflation rebound could shift bias back to the upside, invalidating the bearish setup. Most Critical Upcoming News/Event ECB Minutes & Eurozone CPI Flash Estimate BOJ Commentary on Yield Curve Control (YCC) Leader/Lagger Dynamics EURJPY tends to act as a lagger, following flows in broader yen crosses like USDJPY (as a leader) and EURUSD (for euro sentiment). Movements in EURJPY often confirm rather than lead directional bias in FX markets. Key Levels Support Levels: 171.42, 170.99, 170.65, 170.08, 169.73 Resistance Levels: 172.47, 173.31 Stop Loss (SL): 173.31 (above resistance zone) Take Profit (TP): TP1: 171.42 TP2: 170.65 TP3: 170.08 Summary: Bias and Watchpoints Bias on EURJPY is bearish, with sellers looking to defend the 172.40–172.50 resistance area. A stop loss is best placed above 173.31, while downside targets stretch toward 171.42 → 170.65 → 170.08. Fundamentally, the euro faces growth headwinds while the yen benefits from safe-haven demand, though BOJ policy risks remain in play. The most important watchpoint is ECB and Eurozone CPI data, which could either reinforce the bearish case or shift sentiment sharply. For now, EURJPY looks vulnerable to a deeper correction, with price action aligned to favor sellers.
Short
by ultreosforex