EURJPY Bullish

Analysis Price: 169.52 (Updated: 1 July 2025, 22:21 UTC)

Comprehensive analysis for EURJPY showing a predominantly bullish bias with 65% bullish consensus based on combined analytical factors. Raw trader sentiment shows 26% long, 74% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

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Signal Overview

Bullish Medium Confidence Medium Risk

Market Consensus:

65% Long

35% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a medium confidence bullish bias for EURJPY (signal strength: 31%). Supporting factors include: High probability (95%) support zone detected at 168.8865. Contradicting factors: Retail sentiment is 74% bearish; EUR is showing relative weakness against JPY (diff: 28%). Risk assessment for this trade is medium. This signal is most valid on the M15, H1, H4, D1 timeframes.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (26% long / 74% short). The overall bullish bias (65%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

26% 74%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 74% of traders holding short positions. The market has a negative bias, but watch for signs of exhaustion if this percentage increases further.

Support & Resistance Analysis

Resistance Levels

R1: 169.86 0.20% ↑

Analysis Price: 169.52

Support Levels

S1: 168.46 0.62% ↓

Market Regime:

Range

Analyst Bias:

Unknown

Direction Probability:

60%

Price Position Analysis

Price is currently near resistance at 169.86 (0.20% above analysis price) with support at 168.46 (0.62% below). This position near resistance could present a potential selling opportunity with a favorable risk-reward ratio.

Chart Pattern Analysis

87%

Hammer

Reliability:

87%

Detected: Jul 1, 16:22

80%

Evening Star

Reliability:

80%

Detected: Jul 1, 13:35

61%

Doji

Reliability:

61%

Detected: Jul 1, 21:36

Pattern Analysis Interpretation

Mixed pattern signals detected, suggesting conflicting technical factors. The most reliable pattern is a bullish Hammer on the D1 timeframe with 87% historical reliability. Multiple timeframes showing pattern confirmation increases the reliability of the signal.

High Probability Zones

Support Zone

95%

Zone Level:

168.89

analysis price:

169.52

Distance:

0.37%

Confluence Factors:

Morning Star 50% Retracement

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (95%) support zone at 168.89. This presents a potential buying opportunity with stop loss slightly below the zone. Multiple confluence factors strengthen this level's significance.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

0.4

Volatility Regime:

Normal

Volatility Level:

73%

10-Day ATR Trend

Volatility Interpretation (H1)

EURJPY is showing normal volatility (73 percentile) with an expected daily range of 0.4 pips. This represents average market conditions conducive to standard trading strategies. Standard position sizing and stop loss parameters are appropriate.

Correlation Analysis

Top Correlations with EURJPY

EURAUD

0.87

EURNZD

0.87

CHFJPY

0.83

EURGBP

0.78

GBPJPY

0.70

Correlation Interpretation

Understanding how EURJPY correlates with other pairs can help with portfolio diversification and risk management. Strong positive correlations (above 0.7) indicate pairs that move similarly, while strong negative correlations (below -0.7) show pairs that typically move in opposite directions.

EURJPY shows strong positive correlation with: EURAUD, EURNZD, CHFJPY, EURGBP, GBPJPY. This means these pairs tend to move in the same direction. Trading in the same direction on multiple correlated pairs increases portfolio risk, while finding divergences between correlated pairs can highlight potential reversal opportunities.

Currency Strength Analysis

Select Timeframe:

EUR

-0.29

Neutral

JPY

0.55

Strong

Relative Strength:

-0.84

Bearish Bias

Currency Strength Interpretation (M15)

JPY is significantly stronger than EUR on the M15 timeframe, with a relative strength of -0.84. This suggests a strong bearish bias for EURJPY. However, this bias is primarily driven by the strength of JPY.

How to Use This Analysis

This comprehensive analysis provides multiple perspectives on EURJPY to help inform your trading decisions:

Sentiment Analysis: Use to understand market positioning and potential contrarian opportunities
Support & Resistance: Identify key price levels for setting stop losses and take profits
Pattern Analysis: Recognize technical formations that may indicate continuation or reversal
Volatility Analysis: Adjust position sizing and risk management based on current market conditions
Currency Strength: Compare the relative performance of individual currencies within the pair
Correlation Analysis: Understand how this pair moves in relation to others for portfolio diversification

For optimal results, consider how these different factors align. The strongest trading opportunities typically occur when multiple analytical tools show confirmation across different timeframes.