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Eur-jpy

EUR/JPY Short Opportunity: Heading to its trendline resistanceFundamentally EUR is under pressure because of the Russia-Ukraine war. But JPY is also weak a lot. As a result EUR/JPY has advanced nearly 650 pips from its recent swing lows. There is no credit for EUR in such up. Just because the JPY is too weak. "The longer the war continues, the more likely it becomes that the real economic and inflationary effects for the eurozone will be significant. And that is why that prospect is negative for all EUR-related pairs. EUR/JPY is one of the major indicators for the stock. If EUR/JPY drops, I have seen the stock also drops. That's why investors use EUR/JPY as a stock indicator. European countries invest more in the military, defense, and security sectors than their economy. So, if the Russia-Ukraine war keeps continuing, the European economy will harm a long time. So, I don't think EUR will remain strong against JPY based on the present condition. So, if we get EUR/JPY in trendline resistance level, there could be a good chance to short EUR/JPY. ER/JPY short zone ( Trendline Resistance Zone): 132.50/133.00 Stop Out level: Above the trendline resistance level and high swing zone: 134.30/134.50 Target zone 1: Immediate trendline support: 130.00/129.85 Target Zone 2: 127.50/127.00
Short
by Gold_Trading_Expert
1
EURJPY 4hour Analysis March 20th, 2022EURJPY Bullish Idea Weekly Trend: Bullish With Large Bullish Flag Daily Trend: Bullish Price action pushing toward upper flag 4hour Trend: Bullish (Current Chart) Trade scenario 1: Price action has been overall bullish on EJ on the higher timeframes. We can see that on the weekly timeframe, price action has been bouncing within what looks like a very large bullish flag. This suggests price action will continue higher on a macro level but we need to find what is more accessible to us for the week ahead. On the 4hour we can see price action is a bit overextended and needs to form structure. Look for a structure forming higher low above 130.650 support to enter long on. Trade scenario 2: For us to consider EJ bearish we would need to see a lower high below 130.650 support.
Long
by ForexLeague
EURJPY 4hour Analysis March 13th, 2022EURJPY Neutral Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking overall bearish here on EJ but we can clearly see a 4hour inverse head & shoulders which is a known reversals pattern. We have yet to break anything but the likely scenario if we are to go bullish would be to see a higher low above 129.000 with strong bullish variations to enter long on. Trade scenario 2: For us to consider EJ bearish we would really need to see a lower high below 129.000
by ForexLeague
EURJPY Analysis I Bearish Continuation Welcome back! Here's an analysis of this pair! **EURJPY Update - After retracing over 200 pips, we now have bearish confirmation on the 4 hr. Expect a continuation downward. Realistic targets 128.00, 127.75, 127.00 We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
EURJPY SHORT!Mar 2 Welcome back! Here's an analysis of this pair! **EURJPY - listen to video analysis. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
EURJPY can move further low? 🦐EURJPY on the daily chart is moving inside a descending channel. The price is now testing the lower trendline near to a weekly support (red). How can we approach this scenario? We will wait for the market to break below the monthly support and in that case, we will move on the 4h timeframe to check if the price will retest the area. In that case I will set a nice short order according to the Plancton's academy rules --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
EURJPY appears oversold | 7th MarchSignal ID: 79656 Time Issued: Monday, 07 March 2022 02:00:15 GMT Status: open Entry: 124.205 - 124.931 Limit: N/A Stop Loss: 123.117 The Congestion Opportunities Strategy has just bought EURJPY at 124.568. The system recommends entering this trade at any price between 124.205 and 124.931. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be oversold, while the Speculative Sentiment Index reading of 1.227 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.451, so the stop loss has been set at 123.117. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
1
EURJPY appears overbought | 7th March Signal ID: 79656 Time Issued: Monday, 07 March 2022 02:00:15 GMT Status: open Entry: 124.205 - 124.931 Limit: N/A Stop Loss: 123.117 The Congestion Opportunities Strategy has just bought EURJPY at 124.568. The system recommends entering this trade at any price between 124.205 and 124.931. The signal was issued because the 28-hour Relative Strength Index indicates that the EURJPY may be overbought, while the Speculative Sentiment Index reading of 1.227 indicates that trader sentiment is not at extremes.The 14-period Average True Range on a daily chart is 1.451, so the stop loss has been set at 123.117. This stop loss order is a trailing stop that will move up as the market moves up. There is no profit target for this strategy. We expect to be closed by the stop loss.Congestion Opportunities is a range trading strategy that aims to sell overbought currency pairs and to buy oversold currency pairs. The strategy will only trade when the Speculative Sentiment Index for that currency pair is between -1.5 and +1.5. Limiting range trading in this way has shown in the past to significantly raise the probability of successful range trades. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
EURJPY KEEPS FALLINGEUR is continuing to fall following the progress of the situation in Ukraine and the continuous uncertainty of the future of the economy in EU and the continuous increase of the commodity prices. On the other hand JPY has always been a safe-haven currency in turbulent times like those. EURJPY pair have reached a low that was not observable in months, but the situation in Ukraine will continue to pressure the EUR and attract more investments in the stable JPY. Both MACD and RSI indicators support the continuous trend. If the movement of the pair remains with the same momentum, it might try to attack the 126.00 mark. On the other hands, if trend reverses, it will probably test its previous support at 128.4 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
EURJPY Potential bearish drop | 28th Feb 2022On the H4, with price currently moving below the ichimoku cloud , we have a bias that price will drop to take profit at 128.094 in line with the 78.6% Fibonacci projection and horizontal swing low support from our entry at 129.661 in line with the 61.8% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break our entry structure and head for our stop loss at 130.192 in line with the 61.8% Fibonacci retracement . 4 hours ago Comment: Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
1
EURJPY Potential bearish drop | 28th Feb 2022On the H4, with price currently moving below the ichimoku cloud , we have a bias that price will drop to take profit at 128.094 in line with the 78.6% Fibonacci projection and horizontal swing low support from our entry at 129.661 in line with the 61.8% Fibonacci retracement and horizontal overlap resistance. Alternatively, price may break our entry structure and head for our stop loss at 130.192 in line with the 61.8% Fibonacci retracement .
Short
by Rockqet
EURJPY 4H AnalysisHello Traders, Nice trade setup on EURJPY 4H. Price has discounted to our zone of interest. If all our entry rules are met we will be taking a BUY Entry on 1H and 15Min chart. BIAS: BUY (If our entry rules are met) Timeframes for high precision entry: 60/15 Follow for Free Entry Signals on this trade and others from Professional Traders. IMPORTANT: Risk Management is integral in trading. Please make sure you're using safe risk management principles for your account for all trades.
Long
by AssociatedMarkets