EURJPY Neutral

Analysis Price: 172.28 (Updated: 17 August 2025, 12:47 UTC)

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

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Signal Overview

Neutral Low Confidence Medium Risk

Market Consensus:

47% Long

53% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a neutral outlook for EURJPY. Contradicting factors: Retail sentiment is 72% bearish; EUR is showing relative weakness against JPY (diff: 31%). Risk assessment for this trade is medium.

Sentiment Analysis

Note: The sentiment chart below shows actual trader positioning data (28% long / 72% short). The overall neutral bias (53%) mentioned in the page header represents our analytical consensus based on combined technical factors beyond raw sentiment.

LONG SHORT

28% 72%

Historical Sentiment (7 Days)

Sentiment Interpretation

Bearish sentiment with 72% 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: 172.86 0.33% ↑

Analysis Price: 172.28

Support Levels

S1: 171.51 0.45% ↓

Market Regime:

Uptrend

Analyst Bias:

Unknown

Direction Probability:

70%

Price Position Analysis

Price is between support at 171.51 (0.45% below analysis price) and resistance at 172.86 (0.33% above), with slightly closer proximity to resistance. Watch for rejection confirmation at resistance or break above.

Chart Pattern Analysis

73%

Double Top

Reliability:

73%

Detected: Aug 16, 21:48

67%

Bearish Engulfing

Reliability:

67%

Detected: Aug 16, 16:54

50%

Doji

Reliability:

50%

Detected: Aug 16, 14:09

Pattern Analysis Interpretation

Predominantly bearish patterns detected across timeframes, suggesting downward pressure. The most reliable pattern is a bearish Double Top on the H4 timeframe with 73% historical reliability. Multiple timeframes showing pattern confirmation increases the reliability of the signal.

High Probability Zones

Support Zone

95%

Zone Level:

172.00

analysis price:

172.28

Distance:

0.16%

Confluence Factors:

Morning Star 61.8% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

95%

Zone Level:

170.00

analysis price:

172.28

Distance:

1.33%

Confluence Factors:

Hammer 50% Retracement Volume Spike

Valid on Timeframes:

H1 H4 D1 W1

Support Zone

95%

Zone Level:

172.00

analysis price:

172.28

Distance:

0.16%

Confluence Factors:

Inverse Head and Shoulders 127.2% Extension

Valid on Timeframes:

H1 H4 D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (95%) support zone at 172.00. 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):

0.4

Volatility Regime:

Extreme

Volatility Level:

97%

10-Day ATR Trend

Volatility Interpretation (H1)

EURJPY is currently showing extreme volatility (97 percentile) with an expected daily range of 0.4 pips. This indicates potentially rapid price movements that create both opportunity and risk. Consider wider stop losses (1.5-2x normal size) and reduced position sizes to manage the elevated risk.

Correlation Analysis

Top Correlations with EURJPY

NZDJPY

0.90

AUDJPY

0.89

EURGBP

0.80

USDJPY

0.70

EURAUD

0.69

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: NZDJPY, AUDJPY, EURGBP, USDJPY. 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

0.90

Very-strong

JPY

-0.08

Neutral

Relative Strength:

0.98

Bullish Bias

Currency Strength Interpretation (M15)

EUR is significantly stronger than JPY on the M15 timeframe, with a relative strength of 0.98. This suggests a strong bullish bias for EURJPY. However, this bias is primarily driven by the strength of EUR.

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.