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Eurjpy!

EUR/JPY Long A Break above creates more Buy PressureEUR/JPY is looking overbought on higher timeframe charts as it tests once again a tough barrier at the 2014 high of 149.75. Looking at the Directional Movement Index (DMI), the rebound from mid-May appears to be a consolidation, rather than the start of a new leg higher. The Plus DMI and Minus DMI are under 25, suggesting non-trending/range conditions. However, unless the cross breaks below 145.50-146.50 (including the 200-period moving average on the 240-minute charts) the bullish pressure is unlikely to fade away. Major Trend is Bullish
Long
by DaveBrascoFX
EURJPY H4 | Bullish bounce of 50% fibo?Price could retrace back to the 50% fibo retracement and at the overlap support level, which is right around our buy entry at 157.83. Our stop loss is at 157.24, which is a multi-swing low support level. Take profit is at 158.42, which is a multi-swing high resistance level, aligning with the 50% retracement and 78.6% fibo projection. 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.
Long
by FXCM
1
Strifor || USDJPY-09/06/2023Preferred direction: BUY Comment: This currency pair did not break through the level of 144.900 and the price began its next rapid growth. We also assumed such a scenario in previous ideas, although the main idea was in shorts. Now the fall is not yet expected and growth is considered confidently to the level of 149. The level of 150 is also considered. There, in fact, it will be necessary to consider potential short deal. Thank you for like and share your views!
Long
by Viktor_strifor_analyst
7
EURJPY: Today!Last week, the EUR/JPY pair surpassed the level of 159.47 and reached 159.75 before experiencing a reversal. As of now, the downside movement has been limited above 156.85, resulting in a neutral bias for this week initially. If the price breaks below 156.85, it will shift the bias to the downside towards the 55-day Exponential Moving Average (currently at 156.17) and potentially lower levels. Conversely, if there is a break above 159.75, it will indicate a continuation of the larger uptrend instead.
Long
by Sphyn-Trader
4
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
EUR/JPY: Has it topped?A multi-month bearish divergence has formed on the EUR/JPY daily chart. And whilst the trend remains bullish, it has made harder work of gains in recent months whilst the bearish divergence formed. There's also reason to suspect BOJ members are getting read to increase their verbal warning shits, with one member yesterday remining traders that they are watching currency movements. And with a renowned ECB hawk making a slightly dovish comment, EUR/JPY posed its worst daily gain in five weeks on Thursday. The near bearish engulfing candle (the open was slightly below Wednesday's close), a growing case for a yen reversal and euro top, makes us suspect EUR/JPY is at or very near an inflection point. From here, bears could seek to fade into minor rallies below 160 in anticipation for an initial move lower to 155.50.
Short
by CityIndex