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Eurjpy!

Strifor || USDJPY-09/14/2023Preferred direction: Neutral Comment: The Japanese yen is starting to gradually move into the top topics against the backdrop of recent statements from the Bank of Japan, a change in the head of the central bank, and, in general, a likely change in policy from soft to more hawkish. The fall may very well be approximately from the current levels, but most likely it is better to wait for a false breakout of the level of 147.816 (this is option No. 1), and after that go short. Also, option No. 2 is not excluded, in which the price will reach the level of 150. Thank you for like and share your views!
by Viktor_strifor_analyst
3
eurjpy selling and buying opportunityThe Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the central bank may start to shift away from its ultra-loose monetary policy if inflation begins to move to target. Governor Ueda said that the central bank may have enough data by the year-end to shift away from negative bond rates, adding that the central bank may have ‘underestimated’ the increase in inflation. Any shift away from the BoJ’s ultra-loose monetary policy, however minor, will leave the Japanese Yen vulnerable to a sharp move higher, especially after the currencies’ multi-month weakness against a range of G& peers. USD/JPY is moving lower today, aided by both a mildly hawkish BoJ and a weaker US dollar. Over the weekend an article in The Wall Street Journal by closely-followed Fed-watcher Nick Timiraos suggested that the Federal Reserve will keep rates unchanged later this month and will take ‘a harder look at whether more (rate hikes) are needed’ in the coming months. There is now a Fed-speak blackout ahead of the September 20th FOMC meeting, leaving the US dollar vulnerable to further downside. Later this week, the release of the August US inflation report will drive price action going into this meeting. USD/JPY sold off into the 20-day simple moving average in the Asian session before making a partial recovery to currently trade unchanged on the day. The cluster of recent highs around 147.87 look as though they will remain untested, in the short-term at least, ahead of Wednesday’s US CPI release. Support is seen at 145.06.
Short
by Ttrade-With-Logic
EURJPY Is it time to go short?On EURJPY, we can observe a bullish setup following a breakout of a bearish trendline. The price has breached a significant swing high at the 157.70 level, creating a buying zone, as seen on the chart. This zone might also lead the price to retest the trendline. Furthermore, the price around 158.44 appears to have made highs during the Asian session and seems to have made a false breakout with the last 4-hour candle at a swing high level of 158.50. My objective will be to look for short-term trading opportunities during the London session. I'll keep an eye on this currency pair only in the morning and it will be the only one I'll monitor at least until noon when we have the U.S. CPI data. Let me know what you think, happy trading, everyone.
Short
by Forex48_TradingAcademy
3
Double top on EUR/JPY hourlyLast week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests it is a corrective move. momentum has turned lower on the 1-hour chart, so the bias on the 1-hour chart remains bearish below 158.53 and for an initial move to 157.80. We also expect lower prices given the structure on the daily timeframe.
Short
by CityIndex
EURJPY Will Go Higher! Buy! Please, check our technical outlook for EURJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 157.335. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 159.222 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY posted a bullish hammer bottom.EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 157.45 level. - We look to Buy at 157.45 (stop at 156.93) Our profit targets will be 158.75 and 159.05 Resistance: 158.05 / 159.85 / 160.80 Support: 156.60 / 155.50 / 154.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EurJpy could lose supportSince the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure. In August, the pair consolidated, and this consolidation could very well be distribution. Now the pair is trading under 157 zone support and a daily close under this support could lead to further losses. As long as the 158.70 high is intact I'm looking to sell rallies with a target at 154 support. In the medium term, however, the pair could drop even to important 151.50 support.
Short
by Mihai_Iacob
10