EURJPY Faces Repeated Rejection at Key ResistanceEURJPY Faces Repeated Rejection at Key Resistance
EURJPY has faced multiple rejections near the 172.30 structure zone, signaling strong resistance at that level.
If price continues to hold below 172.30, the likelihood of a deeper decline increases, as suggested by the current chart setup.
It’s also possible that EURJPY may retest the 172.00 zone before extending its drop toward the next support levels at 171.30, 170.90, and 170.00.
You may find more details in the chart!
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JPYEUR trade ideas
EURJPY – Bearish Reversal Looming from Key Resistance ZoneAfter a strong recovery rally, EURJPY has once again hit the 172.30 resistance zone a level that has repeatedly acted as a ceiling for price action. This latest retest comes with signs of momentum fading, and I’m eyeing a potential reversal that could send the pair back toward key support zones. With broader yen strength creeping in on safe-haven flows and the euro’s upside capped by a cautious ECB, this setup is looking primed for sellers to step in.
Current Bias
Bearish – The pair is struggling to break and hold above the 172.30 resistance zone. Price action is showing rejection wicks on the H4 chart, indicating potential distribution before a move lower.
Key Fundamental Drivers
Euro Side: The ECB remains cautious on further tightening, with growth concerns in the eurozone limiting the upside for EUR. Recent industrial production softness and muted inflation expectations cap bullish momentum.
Yen Side: The BoJ’s shift toward a slightly less accommodative stance, combined with safe-haven demand amid global trade tensions and Trump’s tariff rhetoric, supports JPY strength.
Risk Sentiment: Ongoing uncertainty around global growth and trade flows benefits JPY as a defensive asset, putting downside pressure on EURJPY.
Primary Risk to the Trend
A surprise hawkish tilt from the ECB or strong eurozone economic data could fuel renewed buying pressure, forcing a breakout above 172.98.
A sudden drop in risk-off sentiment or a rebound in global equities could weaken JPY demand and negate the bearish bias.
Most Critical Upcoming News/Event
Eurozone GDP and Industrial Production data – Any significant beat could temporarily lift EUR.
Japan CPI and BoJ commentary – Inflation beats or hawkish language could accelerate JPY gains.
Geopolitical headlines – Trade tensions between the US and China remain a key driver for yen demand.
Leader/Lagger Dynamics
EURJPY is acting as a lagger in the current yen move, with USDJPY leading the direction for JPY crosses. Any decisive move in USDJPY—especially a break lower—would likely spill over into EURJPY. The pair also tends to mirror risk sentiment shifts seen in equity indices like US500, making global sentiment a secondary driver.
Summary: Bias and Watchpoints
I’m maintaining a bearish bias on EURJPY as long as price stays below the 172.30 resistance zone. My stop-loss is placed just above the 172.98 swing high to protect against a bullish breakout. First targets sit at 171.43, then 170.65, with an extended downside target near 169.73 if momentum builds. A clean break below 170.65 would open the path for deeper declines, while any sustained break above 172.98 would invalidate this setup. In short, I’m watching for rejection confirmation from resistance and will be tracking USDJPY closely as the leader for yen sentiment.
Lingrid | EURJPY Possible Correction From Key Resistance ZoneThe price perfectly fulfilled my previous idea . FX:EURJPY is rejecting the upper resistance zone after forming a higher high near 173.000. Price structure shows an upward channel with multiple touchpoints and an A-B-C corrective movement. A breakdown toward 171.910 is likely as long as price remains under 173.200. Overall momentum suggests a short-term retracement within the broader trend.
📉 Key Levels
Sell trigger: Break below 172.700
Sell zone: 172.950 – 173.200
Target: 171.910
Invalidation: 173.300
💡 Risks
Failure to sustain breakdown could trigger a squeeze toward 173.400.
Broader uptrend may overpower short-term bearish setup.
Unexpected macro news could reverse sentiment rapidly.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
EURJPY: Important Breakout 🇪🇺🇯🇵
EURJPY successfully violated a significant daily resistance cluster.
With a high probability, it turned into a strong support now.
We can expect a bullish continuation from that.
Next resistance - 173.5
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EUR/JPY – Lower High in the Making?As explained in my JPY Index analysis , alongside GBP/JPY, EUR/JPY is another strong candidate for a meaningful drop.
From the chart: after reaching a high near 174 — close to the 2024 ATH — the pair had its first leg down. When price dipped to the 170 psychological level, bulls stepped in, attempting a push to new highs.
However, at 173, it was the bears’ turn. The pair reversed again, potentially forming a lower high.
I believe we are in the early stage of a stronger drop, and in my view, rallies around 172 should be sold. The downside target is around 166.50, with this scenario negated on a break above the recent high. 🚀
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DeGRAM | EURJPY is moving in an ascending channel📊 Technical Analysis
● Price is climbing within a rising channel after confirming a breakout retest at 172.10, turning former resistance into support.
● Structure favors continuation toward 172.90 and channel top at 173.90, with minor pullbacks likely staying above the breakout base.
💡 Fundamental Analysis
● Improved eurozone PMI data and firm ECB stance reinforce euro strength, while BoJ’s unchanged ultra-loose policy keeps the yen under pressure.
✨ Summary
Long above 172.10; targets 172.90 → 173.90. Invalidation below 172.00.
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EUR/JPY Setup: Thief Trader's Stealth Bull Run to 173.000🔥💶 EUR/JPY Bullish Heist Plan 💶🔥
🧠 New Plan Unlocked – The EUR/JPY Bullish Mission is LIVE!
Thief Trader style means: No noise, no fluff — just pure sniper precision with layered limit orders. 🧤🔫
This isn’t trading… it’s a planned market robbery 💼💣
🧩 Asset: EUR/JPY
📊 Strategy: Bullish Bias with Stealth Layered Entries (Limit Order Gameplan)
🎯 Target: 173.000 — That’s the vault we’re cracking!
🛑 Stop Loss: 169.100 — Tight security, keep your escape route clean.
📍 Entry: No fixed door — we’re setting traps (limit orders) across key levels. Patience pays thieves.
Watch for pullbacks on lower timeframes: 15m, 30m, or even 1H — strike near support bounces & fakeout wicks. 🐍💥
🔍 Thief Logic:
This ain’t random — price is setting up for a high-stakes move north with JPY weakness fueling the getaway car.
Think smart, layer deep — sniper entries, not shotgun chaos. 🎯🔍
📌 Notes from the Safe House:
Trade with position sizing discipline – the market doesn’t owe you.
News events are motion sensors — avoid them or stay light! 🕵️♂️📉
Use trailing SLs once in profit — secure the bag and vanish. 💼💨
💣 Ready to steal pips, not hope? Hit that 👍, drop a 💬, and join the crew.
This is Thief Trading — we don’t follow markets, we outsmart them. 🧠💵
Stay sharp, stay silent… profit loud. 🐱👤📈💸
🔥 Tap Boost. Support the Heist. Run the Charts. #ThiefTrader 🧤💰
Lingrid | EURJPY Trendline Breakout. Long From SupportThe price perfectly fulfilled my previous idea . FX:EURJPY is consolidating inside a tight range between 171.411 support and the downward trendline after rebounding from a higher low. Price is testing the upper boundary of this range, and a breakout could signal continuation toward the 172.800 resistance zone. Holding above 171.411 keeps the bullish bias intact, while rejection from the trendline could bring another retest of support. Momentum favors buyers if the breakout comes with strong volume.
📉 Key Levels
Buy trigger: Break and hold above 171.775
Buy zone: 171.411–171.775
Target: 172.800
Invalidation: Drop below 171.411
💡 Risks
Failure to break the downward trendline could spark a deeper pullback
Rejection at 172.800 could trigger range-bound movement
Weak euro sentiment from macroeconomic data may weigh on upside potential
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
EUR/JPY Made Inverted H&S Pattern , Time To Buy And Get 150 PipsHere is my 2H Chart On EUR/JPY , The price created a very clear reversal pattern ( inverted head and shoulders pattern ) and the price closed above neckline so the pattern confirmed and we can buy it and targeting from 100: 200 pips , if we have a daily closure above 171.000 it will be a great confirmation telling us the price will continue to upside .
DeGRAM | EURJPY exited from the channel📊 Technical Analysis
● EURJPY broke above the descending channel’s resistance line near 171.38, holding within an ascending wedge that favors bullish continuation.
● A sustained move above 172.17 opens the way toward 173.06, with intraday pullbacks likely retesting the breakout area for support.
💡 Fundamental Analysis
● The euro gained as ECB officials signaled no immediate rate cuts, while the yen remains pressured by Bank of Japan’s commitment to ultra-loose policy despite rising inflation expectations.
✨ Summary
Buy above 171.38; target 173.06. Setup remains valid while price stays above 171.00.
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EURJPY–Rising Channel Weak High Reversal Setup/Targeting 166.00EURJPY on the Daily chart has been moving within a well-defined upward channel, but price is now testing a weak high near 174.025.
Key observations:
Head & Shoulders Structure: Formed earlier with three clear bottoms acting as strong historical support.
Bullish Trendline: Intact throughout the rally, now showing signs of slowing momentum.
Supply Zone: Overhead resistance aligning with channel top.
Potential Pullback: A break below recent highs could trigger a move toward the 166.017 target area.
Market Structure: Break of structure (BOS) and lower high formation could signal reversal.
📉 Bearish Scenario: Rejection from 174.025 and a breakdown below trendline support may lead to a deeper correction.
⚠ Invalidation: A daily close above 174.025 could extend the rally further.
Analysis is for educational purposes only, not financial advice.
EURJPY Is Very Bearish! Short!
Here is our detailed technical review for EURJPY.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 172.334.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 169.030 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURJPY Buyers In Panic! SELL!
My dear subscribers,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 172.25 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 171.49
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
POSSIBLE UJ MOVEUJ is about to fill up a FVG arounf 173,400.
It might push higher from current price point to fill up that FVG before it start selling (Bearish).
Another scenarion is that, it might drop right away without filling that price imbalance.
lets monitor the pair and enter after confirmations.
EUR-JPY Bullish Bias! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair is
Making a retest of the
Horizontal support level
Of 172.300 and we are
Bullish biased and we will
Be expecting a further
Bullish move up
Buy!
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