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Eurjpyidea

EURJPY - BREAKOUT ALERT - BULLS EYE HIGHER GROUNDSymbol - EURJPY CMP - 164.15 The EURJPY currency pair is advancing, supported by a strengthening US dollar and encouraging developments regarding the de-escalation of US-China trade tensions. This upward momentum has brought the pair to test the upper boundary of its recent trading range. Currently, the pair appears to be in the process of retesting a key resistance zone. A decisive breakout and sustained consolidation above the 164.19 - 164.50 range would reinforce the bullish outlook, particularly given the dollar's continued appreciation. The Japanese yen, in turn, is weakening in response to the improving geopolitical climate, further contributing to upward pressure on EURJPY. A confirmed move above this critical resistance level would indicate the completion of the consolidation phase and could initiate a distribution phase toward higher price targets. Key Resistance Levels: 164.19, 166.70 Key Support Levels: 163.15, 162.38 The price action has already entered the anticipated buying zone, suggesting a potential breach of resistance. Confirmation through consolidation above the 164.19 - 164.50 range would signal renewed bullish momentum, potentially paving the way for an advance toward the 166.70 level.
Long
by akshit_official
EUR/JPY 1H Chart Analysis –Bullish Rebound from Key Support Zone🔵 Trend & Structure: ⏫ Uptrend Channel (now broken) The price was moving in a rising channel. ❌ Breakdown from the channel shows loss of bullish momentum. 🟦 Key Zones: 🔷 RBS + RBR Zone (Strong Support) 🔽 Price is currently sitting on this zone. 📍Potential bounce area → watching for bullish reaction. 🟥 Resistance Zone (Short-term hurdle) 🔺 Might be retested before moving higher. 📘 Target Point: 163.911 🎯 Bullish move expected if price confirms bounce. 📈 Potential target marked with a clear label. 📉 EMA 70 (Red Line): ➖ Acting as resistance near 162.518 ⚠️ Price must close above this level for stronger bullish confirmation. 📌 Summary: ✅ Buy Zone: 162.000 – 162.200 (RBS + RBR) 🔁 Retest Zone: ~162.500 🎯 Target: 163.911 ⚠️ Watch for Rejection below EMA or resistance zone.
Long
by Jameshead007
EURJPY - FALSE BREAKOUT SETS THE STAGE FOR A POTENTIAL DROPSymbol - EURJPY CMP - 161.95 EURJPY is currently exhibiting a false breakdown of resistance, which signals the formation of a reversal pattern near the upper boundary of the descending price channel. Additionally, market pressure, influenced by the correction of the U.S. dollar, is contributing to this development. On the daily chart, the overall structure appears bearish. Following the false breakout of the major resistance, a correction is underway, during which the price may test the imbalance zone or the previously broken resistance before continuing its decline after liquidity is captured. The broader trend remains neutral, and in this context, it is prudent to focus on local support levels as potential targets. Resistance levels: Channel boundary, 162.30, 163.00 Support levels: 160.84, 158.90 A retest of the channel resistance or the range between 162.4 and 163.0 is possible. However, any movement of the price below the resistance of the descending channel, coupled with a consolidation in the selling zone, could trigger further downside movement.
Short
by akshit_official
4
EURJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDEURJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Long
by tradergyan01
2
EURJPY SHOING A GOOD UP MOVE WITH 1:10 RISK REWARD EURJPYSHOING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trader thank you DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction niw it trying to break the strong resistant lable B. after the break of this rectangle it will bost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capital follow risk reward and tradeing rules that will help you to to become a better trader thank you
Short
by tradergyan01
2
EURJPY | Good Buy Opportunity. Hurry Up!When it comes to the technical analysis of EURJPY , you might get an impulse to the upside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a buy opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. And also don't forget to place the stop just below the entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofwizard