EURJPY: Test of Critical Demand Zone 🇪🇺🇯🇵
EURJPY is stuck on a major daily horizontal demand zone.
A recent breakout of a resistance line of a falling parallel channel
on an hourly time frame indicates an intraday strength of the buyers.
I will expect a pullback at least to 173.0 level.
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EURJPY
Bullish Structure Holds for EUR/JPY on the 4-Hour ChartEUR/JPY Technical Analysis
What we're looking at on this 4-hour chart is a classic example of a bullish trend undergoing a healthy correction and potentially preparing for its next move higher. The market is giving us some very clear clues. 🧐
1. Market Structure & Dominant Trend 📈
Overall Trend: The dominant, overarching trend is clearly bullish. Looking at the price action from late August through early September, the market has been consistently printing higher highs and higher lows. This is the primary context, and we generally want to trade in the direction of the main trend.
Corrective Phase: After reaching a peak around $173.80, the price experienced a sharp and aggressive sell-off. This is a typical corrective move or profit-taking phase after a strong impulse leg up.
Consolidation / Accumulation: Price has now stopped falling and is moving sideways, contained within a well-defined range. This is often a sign of accumulation, where buyers are absorbing selling pressure and building positions for a potential move higher.
2. Key Levels to Watch 🎯
Resistance 🛡️: The upper boundary of the current range is at approximately $173.55 - $173.60. This is the immediate ceiling that buyers need to break through to confirm a continuation of the uptrend. It's the "line in the sand" for the bears.
Support: The lower boundary is clearly defined around $172.15 - $172.20. This level has been tested and has held firm, showing that buyers are stepping in to defend this price. As long as we stay above this level, the bullish case remains intact.
Potential Double Bottom / Inverse Head & Shoulders: The price action within the consolidation range is carving out what looks like a Double Bottom or a potential Inverse Head and Shoulders pattern.
Bullish Intention: These are classic bullish reversal/continuation patterns. They signal that the downward momentum of the correction has been exhausted and that buyers are regaining control. The recent strong green candles moving away from the support zone reinforce this buying pressure.
4. Potential Scenarios 🚀 vs. 📉
Bullish Scenario (High Probability): This aligns with your projection. The price continues to respect the support level, completes the right side of the pattern, and breaks through the minor resistance within the range (around $173.00). A confirmed break and close above this level would likely propel the price towards the main resistance at $173.55. A break of that level would signal a full continuation of the bullish trend, with sights on new highs.
Bearish Scenario (Lower Probability): We must always consider the alternative. If buyers fail to push the price higher and we see a strong, decisive 4-hour candle close below the support at $172.15, the bullish setup would be invalidated. This would suggest that the correction is not over and could lead to a deeper move down towards the next major structural support levels.
This is a potential setup that favors the buyers. Patience and risk management are key.
Bearish reversal off pullback resistance?EUR/JPY is rising towards the pivot and could reverse to the 1st support.
Pivot: 173.11
1st Support: 172.00
1st Resistance: 173.89
Disclaimer:
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Yen Pairs Falter at Technical Junctures Several yen pairs have stalled around resistance levels, despite solid rallies into them. But whether this could indicate the beginning of a deep pullback or eventual bullish breakout likely hinges on whether incoming data points towards a hard or soft landing in the US. Today I look out EUR/JPY, GBP/JPY, CHF/JPY and CAD/JPY crosses, and update analysis on USD/JPY.
Matt Simpson, market Analyst at City Index
DeGRAM | EURJPY reached the important resistance📊 Technical Analysis
● EUR/JPY rejected the resistance line near 173.20 after a false breakout in August, confirming sellers’ defense of the upper boundary.
● The current bearish takeover signals downside risk toward 172.46 support, with a deeper slide possible toward 171.60 if momentum accelerates.
💡 Fundamental Analysis
● Renewed demand for the yen is supported by rising JGB yields as the BoJ hints at gradual policy normalization, while euro sentiment is capped by softer eurozone PMI data.
✨ Summary
Bearish below 173.20; targets 172.46 → 171.60. Invalidation on a close above 173.50.
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Potential bearish dropEUR/JPY has rejected off the resistance level, which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 172.83
Why we like it:
There is a pullback resistance that is slightly below the 50% Fibonacci retracement.
Stop loss: 173.55
Why we like it:
There is a pullback resistance level.
Take profit: 171.99
Why we like it:
There is a pullback support that is slightly above the 127.2% Fibonacci extension.
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Fundamental & Technical Analysis: EUR Weakness vs Strong JPY!Today, I want to review the EURJPY ( OANDA:EURJPY ) short position from a fundamental and technical perspective and see if we can profit from this analysis.
Fundamental Analysis:
1. Economic Weakness in the Eurozone
Recent economic data indicate weakness in the Eurozone economy. For instance, retail sales in the Eurozone increased by only 2.2% in July, falling short of expectations. Additionally, inflation rates in the Eurozone are declining, suggesting weak demand in the economy.
Mitrade
2. European Central Bank's Monetary Policies
The European Central Bank is considering interest rate cuts to support the economy. Such policies could lead to a depreciation of the euro, presenting opportunities for short positions.
3. Economic Strength in Japan
In contrast, Japan's economy is showing signs of improvement. Positive economic data, including increased industrial production and exports, indicate economic growth in Japan. This could lead to a strengthening of the Japanese yen and a decline in the EURJPY pair.
4. Bank of Japan's Monetary Policies
The Bank of Japan continues its accommodative monetary policies, including negative interest rates and extensive asset purchase programs. These measures help mitigate downward pressure on the yen, supporting its strength.
Conclusion
Considering the economic weakness in the Eurozone and the economic strength in Japan, the EURJPY pair is likely to experience a downward trend in the short term. This fundamental analysis supports a short position on EUR/JPY.
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Now, let's examine the EURJPY chart on the 4-hour time frame with technical analysis tools .
EURJPY is currently moving in the Resistance zone(173.420 JPY-172.660 JPY) and near the Monthly Resistance(1) .
From the Elliott wave theory perspective , it seems that EURJPY has managed to complete the microwave C of the main wave y of the Double Three Correction(WXY) .
I expect EURJPY to continue its downward trend in the coming hours and at least decline to the Support lines(First Target) .
Second Target: 171.760 JPY
Third Target: Lower lines of the Ascending Channel
Stop Loss(SL): 173.640 JPY
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Euro/Japanese Yen Analysis (EURJPY), 4-hour Time Frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Chronex | EURJPY - Buy🚀 Yo Chronex — Bias for today is live!
🎯 100 % model-driven.
No trend-line art, no gut calls. Just a repeatable institutional process delivered every day at London Open
CHECKLIST
H4 Structure:
H4: Order flow:
H1 Structure:
H1 Order flow:
m15 Order flow:
Entry Model:
Context:
🧠 What Chronex does (bird’s-eye view)
- Scans all 28 major FX pairs every session.
- Ranks each currency’s relative strength / weakness from multi-TF data.
- Pairs strongest vs. weakest to create a tight outlook list.
- Adds built-in risk filters → posts one clean table: *Direction · Conviction · Entry zone · SL*.
📍 Today’s Playbook:
Risks
1. Do we have economic high impact news release?
2. Any higher-timeframe counter-trend zones?
3. Has better zone above/below?
Verdict:
💬 Drop questions, challenge the outlook, or share your own setups below!
EURJPY Double-Top Rejection Signals Potential DownsideEURJPY has stalled after testing the 173.80–174.00 resistance zone, with sellers stepping in to defend this multi-week high. The rejection aligns with fading Euro momentum and renewed strength in the yen as safe-haven demand returns. With price action showing a clean rejection candle at resistance, the pair looks vulnerable to a deeper pullback toward key support levels.
Current Bias
Bearish downside favored after rejection at resistance with momentum shifting toward sellers.
Key Fundamental Drivers
Eurozone: Inflation is cooling, and growth remains sluggish, keeping ECB policy dovish in tone.
Japan: Wages and household spending recently turned positive y/y, with BOJ maintaining a cautious stance but under pressure from rising JGB yields.
Risk Sentiment: Ongoing geopolitical tensions (Middle East and Russia sanctions) support yen as a safe-haven.
Macro Context
Interest Rates: ECB leaning dovish with little scope to tighten further; BOJ cautious but rising yields keep pressure for policy adjustment.
Growth Trends: Eurozone faces weak industrial output; Japan showing modest resilience in services.
Commodity Flows: Lower oil prices benefit Japan’s import bill, slightly yen-positive.
Geopolitical Themes: Uncertainty in Israel-Gaza conflict, U.S. tariff battles, and OPEC+ supply risks continue to drive safe-haven demand for JPY.
Primary Risk to the Trend
A sudden ECB hawkish shift or stronger-than-expected Eurozone CPI could flip the bias bullish.
Rapid improvement in global risk appetite would weaken yen demand.
Most Critical Upcoming News/Event
ECB commentary on inflation expectations and growth outlook.
Japan’s wage and CPI data alongside BOJ policy signals.
Leader/Lagger Dynamics
EUR/JPY often acts as a lagger, following EUR/USD direction and broader risk sentiment. Yen moves are highly correlated with USD/JPY and gold, meaning strong flows into havens could amplify downside.
Key Levels
Support Levels: 172.65, 171.36
Resistance Levels: 173.87, 174.38
Stop Loss (SL): 174.38
Take Profit (TP): 172.65 (first), 171.36 (extended)
Summary: Bias and Watchpoints
EURJPY has rejected resistance near 174.00, setting up a bearish bias toward 172.65 and possibly 171.36. A stop above 174.38 protects against upside risk. Fundamentals favor yen strength via safe-haven demand and weaker Eurozone growth momentum. The key watchpoint is whether upcoming ECB commentary reinforces dovish policy; if so, downside pressure should continue. For now, sellers maintain the upper hand as risk-off dynamics align with technical rejection.
EUR-JPY Will Grow! Buy!
Hello,Traders!
EUR-JPY made a retest
Of the horizontal support
Level of 172.600 and as
We are bullish biased
We will be expecting a
Local move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
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EURJPY Technical Analysis! BUY!
My dear followers,
I analysed this chart on EURJPY and concluded the following:
The market is trading on 172.71 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 172.92
Safe Stop Loss - 172.61
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
EUR/JPY Bank Heist Is LIVE! Bullish Breakout Plan >>>🚀 EUR/JPY "The Yuppy" Bank Heist Plan (Swing/Scalping Trade) 🚀
Professional Thief Strategy for High-Probability Breakout Trading
🎯 Executive Thief Summary
Asset: EUR/JPY "The Yuppy" (The Euro-Yen Cross)
Strategy: Bullish Hull MA Breakout & Retest with Layered Entry Approach
Timeframe: Swing/Scalping (1H-4H Charts)
Current Price: ¥173.15 | Daily Change: +0.10% (+0.17)
Trade Bias: Mildly Bullish (65% Bullish Score) ✅
Thief Note: This plan combines technical breakout dynamics with fundamental macro drivers for a high-probability heist operation!
📊 Technical Heist Plan
🎮 Entry Strategy (Layered Limit Orders)
The Thief's Multi-Layer Entry Approach for Optimal Positioning:
Layer 1: ¥172.60 (Initial breakout retest zone) ⚡
Layer 2: ¥172.70 (Volume-weighted support area) ⚡
Layer 3: ¥172.80 (Hull MA confluence zone) ⚡
Layer 4: ¥173.00 (Dynamic support & momentum acceleration) ⚡
Thief Tip: You can add additional layers based on your risk appetite and capital allocation strategy!
🛡️ Risk Management
Stop Loss: ¥172.20 (Below 100-day EMA & key support) ❌
Position Sizing: Risk no more than 1-2% per trade layer
Adjustment Note: Dear Thief OG's - Modify your SL based on your individual risk tolerance and strategy parameters
🎯 Profit Targets
Primary Target: ¥174.30 (High-voltage resistance zone) ✅
Context: RSI showing overbought conditions likely at this level - escape with stolen money before potential reversal!
🌍 Fundamental & Macro Context
🇪🇺 Eurozone Factors (EUR Strengths)
ECB Rate Policy: Hold at 2.15% (Hawkish Stance) 🦅
Inflation (HICP): 2.1% (Above ECB's 2% target - supportive for EUR)
Market Impact: Rate differentials favor EUR strength
🇯🇵 Japan Factors (JPY Weaknesses)
BoJ Policy: Dovish (Uncertain Timing for Hikes) 🕊️
Real Wages: Turned Positive (First Time in 7 Months - but gradual impact) ✅
Trade Deal: US-Japan Auto Tariff Reduction (JPY Positive but limited impact)
📅 Economic Calendar Watch
Eurozone GDP Data Today (09:00 GMT) - Potential short-term volatility driver
Risk: GDP miss could cause EUR pullback - monitor news flow
📊 Market Sentiment & Positioning
😰 Fear & Greed Index
Stock Market Sentiment: Greed (Score: 57/100) 📈
Crypto Sentiment: Neutral (Score: 50/100)
Key Drivers:
S&P 500 above 125-day moving average → Greed
Low put/call ratio → Optimism
Stable volatility (VIX) → Confidence
👥 Trader Sentiment
Retail Traders: Bullish (60% Long) 🟢 vs. Bearish (40% Short) 🔴
Institutional Traders: Bullish (55% Long) 🟢 vs. Bearish (45% Short) 🔴
Primary Reason: Carry trade appeal due to rate differentials
⚠️ Risk Factors & Considerations
🚨 Key Risks
Eurozone GDP Miss → EUR Pullback (Monitor 09:00 GMT release)
BoJ Surprise Hike → JPY Rally (Low probability but high impact)
Geopolitical Tensions → Safe-Haven JPY Demand (Always monitor global headlines)
📋 Trade Management Tips
Scale In: Use the layered entry approach to improve average entry price
Scale Out: Consider partial profits at ¥173.40 and ¥174.00 if momentum slows
News Awareness: Monitor ECB and BoJ speaker comments for unexpected guidance changes
📊 Related Pairs to Watch
EUR
Correlations:
EUR/USD - Direct EUR exposure
EUR/CHF - European cross rate
EUR/GBP - European monetary policy differentials
JPY
Correlations:
USD/JPY - Dollar-Yen dynamics
GBP/JPY - Risk-sensitive yen cross
AUD/JPY - Commodity-yen relationship
Thief Insight: Monitor these pairs for confirmation of broader EUR/JPY moves!
✨ Final Thief Notes
Why This Plan Works Now:
Technical breakout confirms bullish bias
Fundamental rate differentials favor EUR strength
Market sentiment supports risk-on environment
Layered entry approach provides optimal risk-reward
Trade Duration Expectation:
Swing Trade: 3-7 days for full target
Scalping Opportunities: 1-4 hour moves within the trend
✨ "If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!"
📌 Hashtags
#EURJPY #ForexTrading #TechnicalAnalysis #SwingTrading #Scalping #BreakoutStrategy #HullMA #TradingSetup #ForexSignals #TradingView #BankHeistPlan #ThiefStrategy #RiskManagement
Ready To Raid The EUR/JPY? Bullish Breakout Plan Inside!🌟 ATTENTION ALL YEN YAKUZA & EURO EAGLES! 🌟
Dear Ladies & Gentleman of the High-Finance Underworld, 🕴️💎
Based on the 🔥ULTIMATE THIEF TRADING HEIST MANUAL🔥, here is the master plan to rob the EUR/JPY "The Yuppy" bank blind! This is a BULLISH pending order assault. Our aim is the luxurious 175.000 VIP Money Vault. 🏦💰✨
Entry: The Grand Heist Begins! ⚡
The Trigger: We wait for the BREAKOUT & HOLD above 173.000. This is when the guards change shifts! 🚨
The Layering Strategy (The Genius Move): The Thief doesn't just kick the door down; he picks all the locks at once! Place MULTIPLE BUY LIMIT ORDERS on any dip or retest to create a powerful average entry. Think like a pro!
1st Layer (The Decoy): @173.000 (After breakout confirm)
2nd Layer (The Bag Filler): @172.700
3rd Layer (The Masterstroke): @172.500
4th Layer (The Insurance Policy): @172.300
🤑 YOU CAN ADD MORE LAYERS BASED ON YOUR RISK APPETITE! 🤑
Stop Loss: The Escape Route! 🛑
"Yo, listen up! 🗣️" Do NOT set your stop loss until AFTER the 173.000 breakout is confirmed! The Thief's ultimate safety net is placed at @171.500. This is our emergency exit if the heist goes sideways.
⚠️ WARNING: You OG's can adjust this SL based on your own risk tolerance and number of layers. But remember, a real thief always has an exit plan! 👊😎
Target: The Getaway! 🎯
The police have set up a barricade at 175.500. We are not greedy! Our escape chopper is waiting at @175.000. GRAB THE STOLEN CASH AND GO! Don't wait for the cops! 🚁💵💨
⚠️TRADING ALERT: News Releases & Managing the Loot 📰🗞️
News can bring swat teams (volatility). To protect your stolen profits:
Avoid placing new layers during high-impact news.
Use a TRAILING STOP once we're in profit to lock in those stacks! 🔒💰
💖SUPPORT THE HEIST CREW!
💥SMASH THAT BOOST BUTTON!💥 It fuels our next grand robbery! Let's make stealing from the market look easy every single day. 🏆💪🤝❤️🎉🚀
I'll be back with another flawless plan. Stay sharp, stay profitable! 🤑🐱👤🤗🤩
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 172.028 area.
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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EURJPY rebounding on its 1D MA50. Bullish.The EURJPY pair has been trading within a Channel Up since the February 28 Low. It appears to be coming out of a consolidation phase similar to the one during April - May.
The 1D RSI sequences between those fractals are similar and since the pair has been on a rebound since the August 28 Low, we expect the 1st Bullish Leg of this phase to start.
Assuming it repeats at least the May one (+4.33%), we will be targeting 177.000 on this one.
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EURJPY Will Go Up From Support! Buy!
Here is our detailed technical review for EURJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 172.709.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 174.525 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.
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!
EURJPY: FakeoutEURJPY is currently undergoing an interesting transition. While the EMAs indicate that this pair is in an uptrend (where EMA20 is above EMA60), there's early indication that we might be seeing a downtrend soon.
Daily Timeframe:
Price attempted to cross above the daily level, but it failed to close above it. It's also a lower high after a strong run-up, which indicates to me that the upside momentum might be exhausting.
H1 Timeframe:
We see an intraday double top formation, which indicates that price is having a hard time pushing higher. Price also crossed below the intraday neckline.
While it tried to pull back above the intraday neckline, it quickly reverted below, indicating quite a bit of selling pressure.
EUR-JPY Local Long! Buy!
Hello,Traders!
EUR-JPY made a retest
Of the horizontal support
Of 172.700 and as we
Are locally bullish biased
We will be expecting a
Further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBP/JPY, EUR/JPY Bulls Eye Breakout, USD/JPY RangingLooking at market positioning, I outline why I think futures traders are anticipating a stronger Japanese yen in the coming weeks. Though as you'll see on the daily charts, momentum is currently against yen bulls with USD/JPY lifting from its range lows and both EUR/JPY and GBP/JPY eyeing bullish breakouts.
Matt Simpson, Market Analyst at City Index and Forex.com
EURJPY Under Pressure! SELL!
My dear subscribers,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 172.30 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 171.95
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
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.