Euro / Japanese Yen
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EURJPY: Double-Bottom Support at 176.22: Recovery Toward 178.95?EURJPY: Double-Bottom Support at 176.22: Recovery Toward 178.95?
EURJPY is showing signs of a potential bullish reversal after repeatedly testing the 176.20–176.50 support zone. Buyers have defended this area twice, creating a possible double-bottom structure after the pair's extended decline.
Price has now recovered toward 177.65, suggesting bullish momentum may be building. If support continues to hold and price breaks through nearby resistance, the first upside target is 178.20, followed b
EURJPY: Buyers Defend 176.22 as Upside Targets Come Into FocusEURJPY: Buyers Defend 176.22 as Upside Targets Come Into Focus
Currently, EURJPY has hit a low of 176.22. The higher inflation in the eurozone reported this month is increasing expectations that the European Central Bank may raise interest rates at its October meeting.
On the other hand, the European Central Bank seems quite distant and has probably stopped intervening in the market for the time being.
Unless we face manipulation, EURJPY should start to rise as shown in the chart.
Main targ
EURJPY Will Fall! Short!
Please, check our technical outlook for EURJPY.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 177.527.
Taking into consideration the structure & trend analysis, I believe that the market will reach 176.222 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios whe
EURJPY: Bearish Drop to 176.280?FX:EURJPY is eyeing a bearish continuation on the 4-hour chart , with price approaching a clear resistance zone after recent recovery, converging with a potential entry area that could trigger further downside momentum if sellers defend amid volatility. This setup suggests a solid pullback opportunity toward the lower support zone with 1:3 risk-reward .🔥
Entry between 180.620–181.380 (entry from current price with proper risk management is recommended). Target at 176.280 . Set a stop l
Bearish move resumes?EUR/JPY is rising towards the pivot, which is a pullback resistance, and could reverse towards the 1st support, which aligns with the 161.8% Fibonacci extension.
Pivot: 177.95
1st Support: 175.44
1st Resistance: 179.69
Disclaimer:
The opinions given above 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 c
Will French Debt Crash the EUR/JPY Trade?The EUR/JPY exchange rate faces extreme volatility in late 2026. French fiscal woes currently terrorize the European bond market. The French 10-year yield recently hit 4.96 percent, its highest point since 2002. These public deficit fears helped drive the Euro to a 15-month low against the dollar. Investors now aggressively question the underlying stability of the Eurozone. Concurrently, the Bank of Japan has turned firmly hawkish. It raised rates to 1.25 percent in September, and markets expect
Longs on EurJpy Price mitigates a daily order block then liquidates the previous week’s candle low.
On the 4h timeframe, price gave a market structure shift upwards and left a clean 4h order block which would act as our entry.
Target is the weekly’s candles high.
Price could potentially continue rallying upwards
EURJPY: Complex Correction Could Extend Towards 174EURJPY is in pullback mode, and it looks like the correction from the April highs could last a bit longer, as the structure appears to be developing as a complex correction. With the recent push to a new swing low below 180, we should be aware of a potential seven-swing W-X-Y structure.
If this count is correct, wave Y could still have room to the downside, potentially targeting the gap from October 2025. That area could provide major support around 174, where we could then look for signs of a
EUR/JPY | Supply Sweep Strategy :: Downtrend Continuation Plan🔥 EUR/JPY "YUPPY" OVERHEAD TRAP & LIQUIDITY HUNT! 🐻 (Day & Swing Trade Guide) 🔥
Greeting Traders! Welcome back to another high-probability educational breakdown. Today, we are taking a deep dive into the EUR/JPY ("Yuppy") cross.
We have spotted a massive institutional trap loading up near resistance. Here is the breakdown of my analysis, key technical zones, macro drivers, and execution strategy.
📌 EXECUTIVE SUMMARY & MARKET BIAS
• Asset: EUR/JPY (Forex Cross)
• My market bias: Bearish 📉
• Set
Bearish reversal at 50% Fib resistance?EUR/JPY is rising towards the pivot, which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse towards the pullback support.
Pivot: 179.65
1st Support: 177.84
1st Resistance: 181.21
Disclaimer:
The opinions given above 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
EURJPY: Intervention Fears Fuel a Bearish OutlookEURJPY: Intervention Fears Fuel a Bearish Outlook
EURJPY is forming a downtrend, mainly driven by the US-Japan Forex intervention.
Over the past week, EURJPY has clearly changed to the downside. I expect a further decline in EURJPY to 178 and 177.
A very good selling area could be around the 179 structure area, but since the move has already started, it could also fall from the market price.
However, it is better if you want to sell in a good area than to sell right away, but this is just
EURJPY - Buy setupEURJPY buy setup (same for other yen pairs such as GBPJPY or CADJPY, USDJPY etc. because it is a yen move). It is recommended to divide the position among at least 2 pairs as some might perform better, some might perform worse.
Let this hour finish (so wait until 3pm CET) and position a buy stop order above the high of the previous red candle, with a stop loss below the low of the H1 candle ending at 3pm CET.
Same setup with possibly minor difference in the other yen pairs. We are targeting a m
EURJPY Will Go Higher! Buy!
Take a look at our analysis for EURJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 178.473.
The above observations make me that the market will inevitably achieve 179.393 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EurJpy Trade IdeaEJ is currently ranging between higher time frame levels at 181.055 and 177.920. After price tapped into 181.055 price ended up flipping back bearish on the hourly with the 4hr remaining bearish so I'm short on this pair. 179.680 and 178.370 are the 4hr and 1hr LHs and LLs. I'm personally waiting on the 15m to close below 178.370 to execute shorts for a 1:3rr. I'll have targets around 177.920 which is a daily and 4hr support level that price respected 3 times in the past before tapping into 181.






















