EURJPY Neutral

Analysis Price: 184.695 (Updated: 19 August 2026, 09:18 UTC)

Comprehensive analysis for EURJPY showing neutral market bias. Market structure, technical patterns, and key levels examined across multiple timeframes.

View EURJPY sentiment overview

Select Currency Pair

Signal Overview

Neutral Low Confidence Medium Risk

Signal Balance:

56% Long

44% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a neutral outlook for EURJPY. Supporting factors include: High probability (75%) support zone detected at 184.400. Contradicting factors: Price is near a support level at 184.470 (0.12% below current price); EUR is showing relative strength against JPY (diff: 47%). Risk assessment for this trade is medium.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (33% long / 67% short). The overall neutral bias (44%) mentioned in the page header represents our signal balance based on combined technical factors beyond raw sentiment.

LONG SHORT

33% 67%

Historical Sentiment

Sentiment Interpretation

Bearish sentiment with 67% 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

Analysis Price: 184.695

Resistance Levels

R1: 184.910 0.12% ↑

R2: 185.900 0.65% ↑

R3: 187.470 1.50% ↑

Support Levels

S1: 184.470 0.12% ↓

S2: 183.870 0.45% ↓

S3: 183.160 0.83% ↓

Market Regime:

Uptrend

Analyst Bias:

Bullish

Analyst Comment:

Persistent recovery of higher lows since the 181.3 washout with MACD histogram firmly positive and 84% of retail short. Buy dips to 184.4 targeting 185.90.

Direction Probability:

67%

Price Position Analysis

Price is between support at 184.470 (0.12% below analysis price) and resistance at 184.910 (0.12% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

78%

Three White Soldiers

Reliability:

78%

Detected: Aug 17, 00:00

75%

Double Top

Reliability:

75%

Detected: Aug 18, 04:00

75%

Double Top

Reliability:

75%

Detected: Aug 19, 06:00

66%

Bearish Engulfing

Reliability:

66%

Detected: Aug 18, 12:00

Pattern Analysis Interpretation

Predominantly bearish patterns detected across timeframes, suggesting downward pressure. The most reliable pattern is a bullish Three White Soldiers on the D1 timeframe with 78% historical reliability. Multiple timeframes showing pattern confirmation increases the reliability of the signal.

High Probability Zones

Support Zone

75%

Zone Level:

184.400

analysis price:

184.695

Distance:

0.09%

Confluence Factors:

Three White Soldiers 38% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

66%

Zone Level:

185.900

analysis price:

184.695

Distance:

0.73%

Confluence Factors:

79% Retracement

Valid on Timeframes:

D1 W1

Support Zone

65%

Zone Level:

183.760

analysis price:

184.695

Distance:

0.43%

Confluence Factors:

Three White Soldiers

Valid on Timeframes:

H1 H4 D1

Resistance Zone

60%

Zone Level:

184.910

analysis price:

184.695

Distance:

0.19%

Confluence Factors:

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (75%) support zone at 184.400. This presents a potential buying opportunity with stop loss slightly below the zone. Multiple confluence factors strengthen this level's significance.

Multiple high probability zones exist for this pair, indicating a well-structured technical environment with clear levels for trading decisions.

Volatility Analysis

Select Timeframe:

Daily Range (pips):

10.9

Volatility Regime:

Normal

Volatility Level:

53%

10-Day ATR Trend

Volatility Interpretation (H1)

EURJPY is showing normal volatility (53 percentile) with an expected daily range of 10.9 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

CADJPY

0.95

GBPJPY

0.94

USDJPY

0.91

CHFJPY

0.91

AUDJPY

0.82

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: CADJPY, GBPJPY, USDJPY, CHFJPY, AUDJPY. 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

0.34

Strong

JPY

-0.31

Weak

Relative Strength:

0.65

Bullish Bias

Currency Strength Interpretation (M15)

EUR is significantly stronger than JPY on the M15 timeframe, with a relative strength of 0.65. This suggests a strong bullish bias for EURJPY. With EUR showing absolute strength and JPY showing absolute weakness, this is an ideal scenario for a long position.

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.