EURJPY – EUR to JPY (EURO YEN)

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EURJPY Monthly Forecast for the Next 6 Months

December 2024

  • Immediate resistance is observed near 160.50 – 161.50, where selling pressure is expected.
  • Support lies around 158.00 – 157.50, a region that has historically shown strong buying interest.
  • A possible upward movement could test 164.00 if the resistance zone breaks.
  • In case of a breakdown below 157.50, the next buy zone is located at 155.00 – 154.00.

January 2025

  • Price could retrace to 156.50 – 155.50, which is a critical liquidity level for buyers.
  • Resistance is anticipated around 162.00 – 163.00, where sellers might dominate.
  • A potential break above 163.00 might drive EURJPY towards 165.00.
  • Key support remains at 154.00, which aligns with earlier bullish reversals.

February 2025

  • The EUR to JPY pair might consolidate between 160.00 and 156.00 due to lower liquidity in this period.
  • Significant resistance is expected near 162.50, with sellers likely to control this zone.
  • Strong demand could emerge at 155.50 – 154.00, marking a prime area for buyers.
  • If bullish momentum increases, a test of 165.50 might occur.

March 2025

  • Price action could range between 163.50 and 157.00 due to macroeconomic factors influencing EUR to JPY trends.
  • Resistance at 165.00 – 166.00 is crucial for any continued bullish trajectory.
  • A dip below 157.00 might lead to a retest of 153.00, a long-term buy zone.
  • Traders looking to capitalize on EURO YEN volatility should monitor these zones.

April 2025

  • EURJPY might test resistance at 167.00, a zone where sellers have historically been active.
  • Price could drop back towards 160.50, offering buying opportunities for swing traders.
  • Strong support at 156.50 could act as a cushion for any bearish moves.
  • A breach above 167.00 might pave the way for a test of 170.00.

May 2025

  • Resistance near 170.00 will be a major test for bulls if price momentum sustains.
  • Support at 159.00 – 158.00 remains critical for preventing deeper retracements.
  • Potential upside movement could target 172.00, making it a prime selling zone.
  • Any bearish breakdown could find liquidity near 155.00, offering opportunities for long-term buyers.

Long-Term Forecast for EUR to JPY

  • The EURJPY pair is likely to continue its long-term bullish trend if it remains above 153.00, a key structural support.
  • Resistance around 175.50 could act as a ceiling for major price movements over the next year.
  • If price breaks 175.50, the next major liquidity zone is located at 180.00, signaling extended bullish momentum.
  • In the event of a bearish reversal, major buying interest lies near 148.00, aligning with historical demand levels.
  • Traders should monitor EUR to JPY liquidity levels and macroeconomic indicators to anticipate major directional changes in the Euro-Yen pair.

Key Support and Resistance Levels

Support Levels:

155.00 – 156.00: This region has historically acted as a strong demand zone where buyers have consistently entered the market, leading to significant upward movements. A retracement toward this level could attract renewed buying interest.

147.50 – 148.50: A deeper support level that aligns with previous consolidation phases. If the price falls this far, it may signal broader weakness but still presents an area where buyers could step in to mitigate further losses.

Resistance Levels:

165.50 – 166.50: The current price is approaching this level, which has repeatedly acted as a ceiling. Breaking and closing above this level could indicate a continuation of the bullish trend.

175.00 – 176.00: A significant resistance zone representing the upper limit of historical price movements. Sellers are likely to be active in this region, making it a potential profit-taking zone for long positions.

Liquidity Zones

Buy Zone:

The area around 155.00 – 156.00 is a clear buy zone where past price action shows strong accumulation. If the price revisits this level, it is likely to find substantial support from buyers.

147.50 – 148.50 is another buy zone, albeit a deeper one. It represents a more conservative entry for buyers willing to wait for a substantial pullback.

Sell Zone:

165.50 – 166.50 is a high-probability sell zone where past resistance suggests increased selling pressure. Traders might look to exit or short positions near this level.

175.00 – 176.00 is a more aggressive selling zone at a historical high. It is expected to attract significant interest from sellers looking to capitalize on overbought conditions.

Possible Price Movements

Bullish Scenario:

If the price successfully breaks above 165.50 – 166.50, we could see a rally toward 175.00 – 176.00. This move would require sustained buying momentum and is likely to be accompanied by strong market sentiment.

A close above 175.00 could open the door for further upside, with new liquidity levels forming higher.

Bearish Scenario:

A rejection from 165.50 – 166.50 would likely lead to a pullback toward the nearest support at 155.00 – 156.00. If this level fails to hold, the price might drop further toward 147.50 – 148.50, representing a deeper correction.

Failure to hold 147.50 could trigger a broader bearish trend, potentially revisiting levels around 140.00.

Range-Bound Movement:

The price could consolidate between 156.00 and 166.50, especially if neither buyers nor sellers dominate the market. This scenario might play out as the market waits for fresh economic data or a catalyst to break the equilibrium.

Strategy Insights

Long Positions:

Enter near 155.00 – 156.00 with a target around 165.50 – 166.50. Place stop-loss orders below 154.00 to manage risk.

Alternatively, buy at 147.50 – 148.50 if the price shows signs of reversal from this deeper support zone.

Short Positions:

Consider shorting near 165.50 – 166.50, targeting 156.00 as the first level and 148.50 for extended moves. Place stop-loss orders above 167.50.

Euro Yen Analysis

The EUR/JPY pair is currently testing a critical resistance zone near 165.50 – 166.50. A break above this level could lead to a retest of historical highs at 175.00, while failure to sustain upward momentum may lead to a pullback toward 155.00. Traders should closely monitor these levels and watch for market reactions to determine the next directional bias.