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Eurjpy!

LONG EUR/JPY from 166.87It may have escaped some traders notice that the JPY has been hammered in the last few months. So much so that GBP/JPY hit 200.49 earlier today, USD/JPY hit 160.00 and EUR/JPY hit 171.65. Some of these are historic highs, in fact USD/JPY is a 30 year high. I'm unaware of any intervention by the BOJ that would cause the 570 pip fall in USD/JPY (mirrored EUR and GBP) but all the signs are that JPY SELLERS are steaming back into this market and we may see a return to the recent highs. Getting LONG here looks a no brainer as we could see this pair go from WS1 at 166.00 all the way back to WR1 at 171.00 and maybe even higher. The major concern would be if the BOJ DOES intervene which would see the JPY rise sharply. So get LONG this pair with breakeven stops and with luck we could see a shed load of pips on offer.
Long
by forextraplaces
Strifor || USDJPY-26/04/2024Preferred direction: SELL Comment: The long-awaited meeting of the Bank of Japan took place, at the moment it is best to focus on technical analysis. Previously, we published two scenarios where scenario №2 is already active. Everything is unchanged here and most likely near the level of 157 , we can expect a fall with a target at the level of 153.222 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Viktor_strifor_analyst
5
Strifor || EURUSD-26/04/2024Preferred direction: BUY Comment: All previous trading ideas for the euro were closed with profit. For now, it's best to wait until next week, but we're already highlighting the two most likely scenarios. The euro remains bullish and there is short-term growth potential. In addition, there are assumptions regarding the level of 1.09000. and even 1.09500 , where the price may be heading. But these are just thoughts and rumors for now. There are two most likely scenarios in front of you; there is a possibility that today the price will record its presence near 1.08000. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
Strifor || AUDUSD-25/04/2024Preferred direction: BUY Comment: The previous trading idea for the Australian dollar was successfully closed with a profit. At the moment, the US dollar continues its downward correction on almost all fronts. We expect further growth for this pair, but of course it will be more limited than before. In our decisions, we are tied to the support level of 0.65010 . Scenario №1 assumes an increase from current prices towards the local resistance level of 0.65474 , and scenario №2 - after a test of the level of 0.65010 , the goal is the same as in scenario №1 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
3
Strifor || USDJPY-BoJ MeetingPreferred direction: SELL Comment: The main event of the week is just around the corner. At the end of this week there will be a meeting of the Bank of Japan, where the interest rate will be decided, and most importantly, the immediate prospects for monetary policy will be announced. A large number of market participants expect intervention from the Bank of Japan against the backdrop of a weakened yen , which should strengthen the Japanese currency, especially against the US dollar. On Thursday, the USDJPY currency pair recorded a new high this year, breaking last year's high a month ago. The current aggressive growth is most likely related to the upcoming meeting of the Bank of Japan , and the price of the instrument is simply being increased to confuse market participants. Against this background, we continue to adhere to the selling priority, according to which the main scenario №1 assumes a fall from current prices. But the likelihood of increased volatility is high, especially during a meeting of the Japanese central bank, so scenario №2 is also in our arsenal. We set the downside target at 153.222 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Viktor_strifor_analyst
1
Strifor || EURUSD-24/04/2024Preferred direction: BUY Comment: The long-awaited growth in the euro , which we considered and held the position for two weeks. Most of the potential growth has been spent. Buyers still dominate and buy off sales in the market. Most likely, there will be another shot upward towards the level of 1.08000 . However, we limit ourselves to the target at the level of 1.07500. We highlight two scenarios (see chart). Today, just like yesterday, we are waiting for a lot of statistics from the EU and especially the US , against the backdrop of which the expected upward movements may act. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
What is EURJPY's next move that is rising well?!Hello, guys. This is ESS team. We are cheering for your safe trading. So, Let's talk about "EURJPY". It is pleasure to RISING well. Of course, We prepare for the EURJPY's next movement. ::::::::::::::: Currently, It's RISING with middle line's support within the rising channel. If candle is resisted at the GREEN line, It could temporarily fall to the bottom line of the channel. If it breaks strongly through the GREEN line OR the top of the channel, and RETEST, The LONG position will be safe.
by ESS_piglet
1
EURJPY → Buyer strength will lead to a continuation of the trendFX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term. The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of Japan. There is a high probability that the mentioned resistance will be broken in order to further strengthen the trend. Resistance levels: 164.9, 165.4 Support levels: MA-50, 163.9 The ascending triangle demonstrates the buying power in the market, the fundamental background confirms it. A break of the triangle resistance will be a trigger to buy. Regards R. Linda!
Long
by RLinda
8
EURJPY - Bearish Crab Pattern Indicates Potential ReversalEURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias. Bearish Crab Harmonic Pattern (XABCD): The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely to reverse downwards from Point D. This pattern typically indicates a high probability of a trend reversal. 4-Hour Trendline: The price is currently at a 4-hour trendline, adding confluence to the potential bearish scenario. A breach below this trendline could signal further downside momentum. Entry, Stop Loss, and Take Profit Levels: Entry: 165.900 Stop Loss: 167.060 Take Profit Levels: TP-1: 164.720 TP-2: 163.600 TP-3: 162.450 Risk Management: It's essential to adhere to proper risk management practices when executing this trade. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to account size and risk tolerance. Conclusion: In conclusion, the technical analysis suggests a bearish outlook for EURJPY, with the formation of a Bearish Crab Harmonic Pattern and the price approaching a 4-hour trendline. Traders may consider selling at 165.900 with a stop loss at 167.060 and targeting take profit levels at 164.720, 163.600, and 162.450.
Short
by trading_jupiter
1
Sights Set HIGH for EURJPY?!Here I have EURJPY on the Daily Chart! Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern! Fundamentally, there's a lot to unpack but with JPY trading down at its 34 Yr Lows and the ECB looking at Rate Cuts soon .. Fundamentals could play a key sticky role! - EUR has their Final CPI and Final Core CPI y/y tomorrow morning followed by Lagarde Speaking so lets see how things begin to play out!! Technically, with this potential Bullish Triangle we are looking for continuation of this markets trend prior to entering this pattern! Back in Dec. '23, price made quite a Bullish Recovery off the 200 EMA and has shown great Bullish Momentum thus far! *If Price gives a solid Break and Close ABOVE the Resistance Area, this could give us a good area of potential Buy Entries -Beware of FALSE BREAKS!! *If Price Breaks and Closes BELOW the Rising Support, I'm no longer interested in looking for Buying Opportunities!
Long
by Novi_Fibonacci
EUR/JPY has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 165.195 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 164.439 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 166.00 Why we like it: There is a resistance level at the 127.2% Fibonacci extension. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
SHORT EUR/JPY 165.59Trading FX is a risk/reward exercise. And the greatest reward for the least risk is taking trades that relying on experience. I've traded Fx for over 20 years so I recognize chart patterns and price movements without really thinking about hem. If I was teaching how to trade FX I would be advising novice or inexpereinced tarderes NOT to take a trade like this but I'm shorting this pair for the following reasons. a). Risk/reward is massively in my favour. I can get a SHORT trade on with a 20 pip STOP. b). We are at WR1 Pivot area and this is a universally known area where SELLERS MAY enter the market. c). The last 4 15m candles have been doji indecision candles. d). RSI on multiple time frames is high (70 on H4 and high 60's H1, 30M, 15M). e). 15M Andean Oscillator sees the red SELL line lifting away from zero. Put these together and this "looks" a SHORT trade but there's always the chance EUR/JPY BULLS hace not finsihed with this pair. f). we have a nice candle tweezer pattern on H1 right at resistance. It should be noted that it's 24 years since this pair was at 165.60 so its highly likely that we are looking at a short term retracement but this could be back to the 200 EMA on M15 which would be 164.91 (+68 pips). If this trade does take off and there is strong selling momentum then 164.50 is posssible.
Short
by forextraplaces
2
EURJPY Under Pressure! SELL! My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 165.54 Bias - Bearish Safe Stop Loss - 165.99 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 164.75 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EUR/JPY: Technical Analysis Points to Potential Bearish SetupThe EUR/JPY cross has seen continued growth for the third consecutive session, currently hovering around 165.10 as of the time of writing. This upward movement comes amid mixed Purchasing Managers Index (PMI) data from Germany and the Eurozone, which has contributed to the Euro gaining ground against the Japanese Yen. Taking a closer look at the technical aspect, the pair remains within a range-bound area, characterized by price movements bouncing between support and resistance levels within a linear rectangle formation. Particularly noteworthy is the rejection of both supply and demand areas by the price action, alongside indications from the stochastic indicator suggesting potential reversal signals. Analyzing the signals provided by the stochastic indicator, divergence is observed on lower timeframes (including daily) alongside an overbought condition on the H4 timeframe. These indicators collectively point towards a possible bearish setup in the making. Based on the identified clues and signals, attention is drawn towards a potential bearish scenario, with the expectation of the price retracing towards the middle of the rectangle, precisely at the Point of Control (POC) value. Subsequently, there's anticipation for a continuation towards the lower side of the pattern. As traders assess these technical indicators and market dynamics, the potential for a bearish setup in the EUR/JPY cross is on the radar, signaling a strategic opportunity for those positioning themselves accordingly in the forex market.
Short
by FOREXN1
5