EURJPY H1 | Potential bullish bounceEUR/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 160.289
Why we like it:
There is a pullback support level
Stop Loss: 159.853
Why we like it:
There is an overlap support that aligns close to the 50.0% Fibonacci retracement level
Take Profit: 160.929
Why we like it:
There is a pullback resistance that aligns close to the 100.0% Fibonacci projection level
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Eurjpy!
EurJpy to rise 500 pipsAfter reaching a recent low in the 153 zone at the beginning of the year, EurJpy began to ascend. By mid-January, it successfully surpassed the 158 resistance and surged upward, reaching a peak at 162.
A normal correction ensued, confirming the establishment of a new support level at 158. Yesterday, the pair made a higher low, and the current price is breaking above short-term resistance.
I anticipate a continuation of the upward trend, with EurJpy potentially reaching 165 in the medium term.
The viability of this bullish scenario is contingent upon the pair avoiding a break below 158.
Eurjpy clear uptrend move about comeHello guys,
i am looking forward for a uptrend move in Eurjpy towards 160.30 or above, as per smart money concept we are in deep discount and taken out the sell side liquidity and looking forwards to target the buyside liquidity at 160.30 level on a 2hour time frame . which is deep clean and clear level for sellers and as a SMC trader we love to hunt stops. :)
EURJPY : Short Trade , 4hHello traders, we want to check the EURJPY chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 158,400. Good luck.
Potential Bear Flag?? - EJHere I have EUR/JPY on the 4Hr Chart!
Ever Since the beginning of the sight of the Double Top Reversal Pattern on the Weekly Timeframe, Price for EJ has been slowly forming what looks to be a Bearish Channel!
Now over the weekend of Jan. 19th - 21st, Price crested inside the Channel and made a strong decline signaling the Buying Power has waned allowing Bearish pressure to come in and take over!!
Now if my Bearish Bias turns out correct, we will be looking at a potential Trend Continuation pattern called a Bear Flag!!
The caution area price must battle with will be the price range 158.580 - 157.950 acting as support currently but could potentially become RESISTANCE IF BROKEN!
*For Prediction to be correct we must first see a VALID BEARISH BREAK of this pattern with a VALID RETEST!
Fundamentally this week:
EUR - Clear
JPY - Clear
EURJPY BUY IDEAFX:EURJPY
The weekly, daily are overall bullish; On the 1h price managed to break its bearish structure at the daily low pushing up and breaking above the 1h key support/resistance level and price making a retest as support the 1h key support/resistance area/zone. Entry is based on the 1h bullish engulfing candlestick at the 1h key support/resistance area/zone
EURJPY H4 | Bearish reversalEURJPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.85595 which is an overlap resistance that aligns with 23.6% Fibonacci retracement.
Stop loss is at 0.85879 which is an overlap resistance that aligns closely with the 38.2% Fibonacci retracement.
Take profit is at 0.85174 which is a multi-swing low support.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURJPY H4 | Breaking resistanceEURJPY is rising towards an overlap resistance and could potentially rise higher to our take profit level.
Buy entry is at 160.276 which is an overlap resistance that aligns closely with the 61.8% Fibonacci retracement level.
Stop loss is at 158.510 which is a level that sits below a multi-swing low support.
Take profit is at 161.761 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURJPY Bearish for this weekThis week, prevailing market dynamics suggest a bearish sentiment for the EUR/JPY exchange rate, propelled by a convergence of influential factors. Foremost among these is the European Central Bank's cautious monetary policy stance in response to lingering concerns surrounding inflationary pressures and economic recuperation within the Eurozone. Compounded by lackluster growth indicators and persistently subdued inflation figures, investor confidence in the euro is challenged, thus exerting downward pressure on the EUR/JPY pair. Heightened political uncertainties within the Eurozone and escalating global geopolitical tensions serve to amplify risk aversion among investors, fostering an inclination towards safe-haven assets like the Japanese yen. Concurrently, market participants remain attuned to nuanced shifts in central bank policies and interventions, which may further exacerbate selling pressures on the EUR/JPY exchange rate as market sentiment adjusts accordingly. In this intricate interplay of economic, political, and market variables, the prevailing forecast for the EUR/JPY pair appears decidedly bearish for the forthcoming trading week.
EURJPY#EURJPY - H1
📣 Upon reviewing the 1-hour timeframe, with the break of the support line towards resistance in the range of 159.05, there is a bullish outlook for price growth towards the 160.30 range.
⛔ Stop loss: 158.00
On the other hand, with the break of the 158.00 range, there is a bullish outlook for price decline towards the 157.00 range.
⛔ Stop loss: 159.05
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
We are targeting the 158.850 level area with our short trade on EUR/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EURJPY Trading Opportunity! SELL!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 160.18
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.87
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURJPY | Sell Idea after the FEDEURJPY broke below 159 in the hours leading up to the FED, and as per the manual, the yen gained strength before the most anticipated event of the month. Now the price is in a reversal zone, specifically around the 62-78 Fibonacci levels, and I anticipate a retracement to the 160 level where a supply zone has just been formed after breaking a crucial swing low. When the price returns to the 160 level, I will consider a short entry if the market on the H4 chart retraces to crucial Fibonacci levels, forming well-defined spikes, and if on the M15 chart, the price structurally breaks downward. Always keeping in mind the presence of a midnight spike indicator, I will enter the market only if there is a recovery margin of at least 1.5%, risking 1%. Therefore, it will be crucial to assess whether the descent is free from liquidity constraints. Greetings and happy trading to all; the FED meeting awaits us.
EUR/JPY Fully Closed +250 Pips 0 Drawdown , New Entry Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURJPY Day Analysis | Sell SetupHello Traders, here is the full analysis.
Tests resistance and the trend is down, Levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY
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The downside scenarioDear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
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I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
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EURJPY I Long opportunity from support zoneWelcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
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EUR/JPY BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
EUR-JPY downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 161.463 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the EUR/JPY pair.
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