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EURJPY: Can buyers continue to move and hit new 2023 highs?Today's focus: EURJPY Pattern – Resistance Test Support – 157.65 - 155.81 Resistance – 158.55 - 159.71 Hi, and thanks for checking out today's update. Today, we are looking at the EURJPY on the daily chart. Since testing lower support, we have seen a solid bounce that has already had one reaction and a new higher high. This sets buyers up with just a few more things to do to get the overall trend back on track. A break of current resistance and a break of 159.71 should see price at new 2023 highs and could confirm that the long-term trend is continuing. We need to see the current range beaten before we can start thinking of new yearly highs. If sellers can hold at 158.55, this could set up a new resistance hold and stall the current rally. Good trading.
Long
by Eightcap
EJ and GJ to the moonA lot of people think that EJ and GJ are going to drop soon. I was in that boat some time ago but then it clicked...why would that happen... Its on a clearly bullish market and no it doesn't need a huge pullback. It doesnt matter that there have been like 5 dojis on the weekly. It is a bullish market. And I think it is finally time after that insane shock drop that happened last week. Nothing happens by mistake. That was a huge manipulation in order to allow institutions/banks to order in buys around the order block that was created in August so they could get that price for the next massive push up. Since then we have been seeing bullish accumulations (Shout out to mentfx). Anyways the clear orderblock/snd zone created on the daily, dipped right into the previous one. Once I opened the chart and saw this, I smiled with glee and have been taking longs since. They have been working out perfectly. Once this really starts moving, It will probably fly up disgustingly like it did some months ago. The sky is the limit I wont even say numbers as to where EJ and GJ will stop. The banks decide that. See you at the top :)
Long
by eazyfins
1
EURJPY H4 | Heading into resistanceEUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 183.020 which is a pullback resistance level. Stop loss is at 184.550 which is a level that lies above a pullback resistance. Take profit is at 181.128 which is a pullback support that aligns with the 38.2% Fibonacci retracement level. 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. Forex Capital Markets Limited (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 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. 74% 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. FXCM Australia 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.
Short
by FXCM
1
10th of October 2023 Here is the watchlist for today: CHFJPY H1 there is a possible BAL forming aswel as a trendline, with a lower trendline that may hold price up on m30. EURJPY M30 there is a 123 formed around the lower demand zone, be very conservative with this one. GBPCHF H1 there is a 123 formed, i would wait for a break above 1.11. The special case today is audnzd, i feel the bel doesnt have a strong enough impulse before the pattern, there is also a possible channel forming on H4 where the upperbound may hold price down. Happy hunting.
by victormoneron43
EURJPY - 4hrs ( Sell Trade Target Range 200 : 300 PIP ) Pair Name : EUR/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( ❗️ Short ) Type : Mid Term Swing —————————— Bearish Break 156.750 Area Reasons 🔰- inner Turn level 🔰- Visible range Poc Area 🔰- Choch Break 🔰- Week / D low Break 🔰- Turn over Trend Break Bullish Reversal 153.750 Area Reasons 🔰- Major Turn level / D 🔰- Visible range Lvn 🔰- Major Choch Area 🔰- Pattern Target 🔰- Quarter's Area
Short
by GoldenEngine
4
EURJPY: Finally ready to reverse?EURJPY has been hanging around 157 - 157.5 range for some time, we saw a break below last week which quickly recovered, but we've broken back below now so I expect a stronger push back down to the low of last week (caused by JPY buying). With price action there was also a failure to make a new high, we saw a short pinbar on the 4HR before we broke back below my resistance block. I see this happening again as the BoJ look to defend their currency, I'm expecting JPY to start to perform well across the board - they may not provide any interest but their inflation is low and their economic performance is looking ok to me to, and also money flows and so a reversal should be coming soon. I also think the EURO is in trouble, with stagflation, this will lead to recession imo and will hit the EURO so this is one of the JPY crosses I'm expecting big declining moves from.
Short
by Finchcliffe
Strifor || GBPUSD-10/09/2023Preferred direction: BUY Comment: According to the results of statistics from the US on the labor market, the pound, like many of the dollar's competitors, was able to strengthen. However, such strengthening is unlikely to last. But still, at the beginning of the week, it is most likely better to take a closer look at purchases. The goal of growth will be a re-test of the level 1.22369, and it is possible to update local highs located just above this level. Thank you for like and share your views!
Long
by Strifor
1
EURJPY Long Term Selling Trading IdeaHello Traders In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET today EURJPY analysis 👆 🟢This Chart includes_ (EURJPY market update) 🟢What is The Next Opportunity on EURJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
2
EURJPY Buy signal inside a strong Channel Up.EURJPY is trading inside a Channel Up starting from the beggining of the year. The MA100 (1d) gave the necessary Support last week at the bottom of the Channel UP. Trading Plan: 1. Buy once the price closes over the Falling Resistance. Targets: 1. 166.700 (+8.00% rise as per the bullish leg prior). Tips: 1. The RSI (1d) hit Support (1) and rebounded. This support level has priced the lows of July 27th, March 17th and January 17th. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
1
EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
1