EURJPY Bullish

Analysis Price: 184.659 (Updated: 19 August 2026, 00:17 UTC)

Comprehensive analysis for EURJPY showing a predominantly bullish bias with 65% bullish signal balance based on combined analytical factors. Raw trader sentiment shows 34% long, 66% short. Market structure, technical patterns, and key levels examined across multiple timeframes.

View EURJPY sentiment overview

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Signal Overview

Bullish High Confidence Medium Risk

Signal Balance:

65% Long

35% Short

Valid Timeframes:

M15 H1 H4 D1

Signal Analysis:

The analysis indicates a high confidence bullish bias for EURJPY (signal strength: 29%). Supporting factors include: Price is near a support level at 184.395 (0.14% below current price); EUR is showing relative strength against JPY (diff: 57%); Technical patterns identified: Three White Soldiers (D1), Three White Soldiers (D1). Contradicting factors: Retail sentiment is 66% bearish. 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 (34% long / 66% short). The overall bullish bias (65%) mentioned in the page header represents our signal balance based on combined technical factors beyond raw sentiment.

LONG SHORT

34% 66%

Historical Sentiment

Sentiment Interpretation

Bearish sentiment with 66% 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: 184.659

Resistance Levels

R1: 184.909 0.14% ↑

R2: 185.905 0.67% ↑

R3: 187.471 1.52% ↑

Support Levels

S1: 184.395 0.14% ↓

S2: 183.760 0.49% ↓

S3: 183.169 0.81% ↓

Market Regime:

Uptrend

Analyst Bias:

Bullish

Analyst Comment:

Steady recovery off 181.3 with MACD histogram strongly positive and 83% of retail short. Buy pullbacks to 184.40 for a run at 185.90.

Direction Probability:

65%

Price Position Analysis

Price is between support at 184.395 (0.14% below analysis price) and resistance at 184.909 (0.14% 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 18, 00:00

78%

Three White Soldiers

Reliability:

78%

Detected: Aug 17, 00:00

76%

Double Bottom

Reliability:

76%

Detected: Aug 18, 21:00

75%

Double Top

Reliability:

75%

Detected: Aug 18, 04:00

Pattern Analysis Interpretation

Predominantly bullish patterns detected across timeframes, suggesting upward momentum. 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

74%

Zone Level:

184.395

analysis price:

184.659

Distance:

0.22%

Confluence Factors:

Three White Soldiers 38% Retracement

Valid on Timeframes:

H1 H4 D1 W1

Resistance Zone

66%

Zone Level:

185.905

analysis price:

184.659

Distance:

0.60%

Confluence Factors:

79% Retracement

Valid on Timeframes:

D1 W1

Support Zone

65%

Zone Level:

183.760

analysis price:

184.659

Distance:

0.56%

Confluence Factors:

Three White Soldiers

Valid on Timeframes:

H1 H4 D1

Resistance Zone

54%

Zone Level:

185.200

analysis price:

184.659

Distance:

0.22%

Confluence Factors:

Valid on Timeframes:

D1 W1

High Probability Zones Interpretation

Price is extremely close to a high probability (74%) support zone at 184.395. 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):

9.3

Volatility Regime:

Low

Volatility Level:

10-Day ATR Trend

Volatility Interpretation (H1)

EURJPY is exhibiting low volatility (0 percentile) with an expected daily range of just 9.3 pips. This reduced movement typically indicates consolidation or indecision in the market. Consider tighter stop losses but be aware that breakout potential increases after periods of low volatility.

Correlation Analysis

Top Correlations with EURJPY

CADJPY

0.95

GBPJPY

0.94

USDJPY

0.91

CHFJPY

0.91

AUDJPY

0.83

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

0.21

Neutral

JPY

0.79

Very-strong

Relative Strength:

-0.58

Bearish Bias

Currency Strength Interpretation (M15)

JPY is significantly stronger than EUR on the M15 timeframe, with a relative strength of -0.58. 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.