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Japanese Yen/Euro

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JPYEUR trade ideas

As ECB Ready's "Final Cut", EJ "Begins Reversal"OANDA:EURJPY has began to potentially form a very strong Triple Reversal Pattern, The Head and Shoulders @ the Resistance Level lasted visited May 14th. I say "potentially" because the "Right Shoulder" or recent Lower High has been created but we still wait for the final decline to the "Neckline" or Support Area formed by the Lows separating the "Head" from the "Shoulders" or Higher High from the Lower Highs in the pattern! Signs of Potential Head & Shoulders: 1) Left Shoulder is an Oversold High 2) A Higher High is created at a level of Resistance 3) The Head not only has the Most Volume concentrated in the Pattern, but is also the start of the RSI Divergence from Price 4) Right Shoulder is formed and unable to surpass the Left Shoulder ..Bringing us to a very important tell.. 5) Volume Decreases and logs a 3rd Divergent High in the RSI @ the creation of the Right Shoulder Now we must WAIT for CONFIRMATION of the Pattern! This will come when Price: 1) Declines to the Neckline & 2) Makes Successful Breakout Once the Head & Shoulders is Confirmed and Breakout is Validated: - This could deliver great Short opportunities as a Head and Shoulders Breakout and Retest at the Neckline being the Last Line of Defense for the Bulls if Bears can push Price through and pick up Volume! Fundamentally, BOJ Governor Kazuo Ueda will be speaking on Tuesday, June 3rd where we could see volatility come in for JPY. The ECB is expected to cut rates by 25 bps from 2.4% to 2.15% on Thursday, June 5th and this could be the Last Cut we see the ECB plan to make until they see downside growth risks make more cuts likely.
Short
by Novi_Fibonacci
EURJPY Weekly Analysis – Major Structural Breakout & Target🧱 1. Consolidation Zone: The Dual Directional Area From around August 2024 to May 2025, EURJPY traded inside a well-defined consolidation range, marked between approximately 155.00 to 165.00. This phase can be categorized as a Dual Directional Zone, meaning both buyers and sellers had tactical entries, but the market was in accumulation/distribution mode. This phase often traps breakout traders and builds liquidity on both sides. Price repeatedly swept highs and lows inside this zone but lacked any commitment, signaling that larger players were building positions. The flat structure over months hinted that a major move was imminent. ⚠️ 2. Major CHoCH (Change of Character) The first clue of shifting momentum was the CHoCH, which signaled a change in direction and flow of control. The lower highs and lower lows began to shift into higher lows, showing buying strength beneath the surface. This change didn’t immediately lead to breakout, but it marked the early intention of bullish dominance. 🚀 3. Major BOS (Break of Structure): Confirming the Bullish Bias The clean break above the range high was the confirmation of a major bullish BOS. This wasn’t just a minor pop — it was an aggressive breakout, validating that institutional liquidity had been accumulated and was now being deployed. The price ran swiftly toward the Bullish Target Zone (~177.50–180.00) with very little pullback, suggesting urgency from buyers or short-covering from trapped sellers. 🎯 4. Bullish Target Reached – What's Next? Price has hit the projected Bullish Target Area — a region of prior imbalance and psychological round numbers. Traders who caught the breakout now face a critical decision point: Will price continue higher into price discovery mode, or is this the exhaustion phase? If price holds above the BOS level (~165.00), there’s still room for continuation. But signs of rejection or slowing momentum here could lead to a correction. 🔻 5. Bearish Alternative: Trap and Reversal Scenario The bearish path is not out of play — in fact, this move upward could potentially be a liquidity sweep. If price fails to stay above the BOS and rapidly closes back into the consolidation range, it would suggest a bull trap. This would confirm a deviation, which often leads to violent reversals. The projected Bearish Target Zone (~145.00–147.50) aligns with prior unmitigated zones and imbalance that may attract price if sentiment flips. 🧭 6. Trading Strategy & Risk Planning For Bulls: Watch for consolidation above 165.00. Breakout + Retest entries toward 180.00 or beyond offer high R/R. For Bears : Look for exhaustion or fakeout patterns (like a Quasimodo or supply engulfing) near current highs. A breakdown and close below 165.00 signals short entries targeting 150s and potentially 147s. 💬 Final Thoughts: This chart is a prime example of how patience during a range and reaction after breakout pays off. Smart traders don’t chase — they prepare. A bullish continuation may still be in play. However, if this move was only a liquidity purge, the reversal could be deep and fast. Stay alert, mark your key levels, and trade what you see — not what you feel.
Long
by GoldMasterTrades
EURJOY Can continue to fall and Excite trigger moving EUR/JPY testing a key resistance level within a trading range. However, the recent attempt to break above this level resulted in a false breakout, followed by price consolidation within a flat structure. Amid a weakening U.S. dollar and a strengthening Japanese yen, the pair is experiencing cross-currency pressure. This has led to the formation of a strong support base around the 163.000 and 162.200 levels. Please note that and share your thoughts in comments for more analysis Thanks.
Short
by MrMartin_11
EURJPY: Japan's (MoF) may reduce its issuance of long-term bondsEURJPY: The Japanese yen falls as Japan's Ministry of Finance (MoF) may reduce its issuance of long-term bonds. Today, the Japanese yen is the worst-performing currency across the board. The decline is linked to speculation that Japan’s Ministry of Finance (MoF) may reduce long-term bond issuance due to weak demand and rising yields. This speculation stems from a rare questionnaire the MoF sent to market participants, asking for their views on issuance and overall market conditions. The move was seen as unusual, fueling concerns about potential changes in Japan’s bond strategy. Technical Analysis EUR/JPY has broken out of a complex inverse head and shoulders pattern, with the above news acting as a catalyst for its bullish momentum. While the price may take a short pause, further upside remains likely, with targets at 164.30 and 165.00. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ 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 KlejdiCuni
2
EURJPY: This week and next month analysis.Jen has Strengthen itself, may be under pressure of Trump administration, this may have ended or not. but technically we are ready see more bearish days for pairs against JPY: The indicated levels are determined based on the most reaction points and the assumption of approximately equal distance between the zones. Some of these points can also be confirmed by the mathematical intervals of Murray. You can enter with/without confirmation. IF you want to take confirmation you can use LTF analysis, Spike move confirmation, Trend Strength confirmation and ETC. SL could be placed below the zone or regarding the LTF swings. TP is the next zone or the nearest moving S&R, which are median and borders of the drawn channels. ******************************************************************* Role of different zones: GREEN: Just long trades allowed on them. RED: Just Short trades allowed on them. BLUE: both long and short trades allowed on them. WHITE: No trades allowed on them! just use them as TP points
Short
by AliSignals