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EURJPY

EUR/JPY carving out an M Top pattern - SHORT from 160.76EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance. The neckline comes in at 160.74 which will be our entry. We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger then the 200 EMA may halt and BEARISH progress. The trade will have to trigger within the next 15 H1 bars or the setup is nullified.
Short
by forextraplaces
⚡️Strifor || EURUSD-13/02/2024Preferred direction: BUY Comment: Since last week, as well as earlier, we have maintained a confident long position on this currency pair, which we continue to do. The current trading week will be more eventful with the publication of economic data; we will be especially interested in inflation in the United States. You can also find long entry points around current levels. The growth target is still at 1.09000. Thank you for like and share your views!
Long
by Strifor
7
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
10 daily outlooks. D2Will analyse markets and possible entries every day for 10 days. Send your pairs or questions ☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
by Yelli_trades
Negative Real Rates Help Japanese Yen To Further EasingFed officials last week again signaled the U.S. central bank has no pressing need to cut rates. The message gave the dollar an extra tailwind that pushed the yen to a 10-week low as traders reduced bets on how quickly the Bank of Japan (BOJ) might raise rates. BOJ Governor Kazuo Ueda said on Friday there was a high chance for easy monetary conditions to persist even after the central bank ends its negative interest rate policy, which the market expects to happen as early as next month. The yen was little changed at 161 per Euro. Japanese Finance Minister Shunichi Suzuki said he was "watching FX moves carefully," uttering a well-worn phrase for the first time since Jan. 19. Traders were unfazed by the warning. The next major scheduled U.S. data release is CPI for January on Tuesday. Traders have all but ruled out a cut at the Fed's next policy meeting in March, versus a chance of 65.9% a month ago, according to CME Group's FedWatch Tool. It shows around a 60% chance of a cut by the Fed at its May meeting. By the way, short-term so-called 'real interest rates' (difference between BOJ Interest Rate ECONOMICS:JPINTR and Japanese YoY inflation ECONOMICS:JPIRYY ) turned pretty down in 2023 to minus 400 b.p. (45-years lows) - levels that were not seen in Japanese economics since mid-1970s (right hand side). In this time Japanese, 'a real interest rate' is around minus 270 b.p. and still very far below neutral Zero-level. 💡 The real interest rate is an interest rate that has been adjusted for inflation to reflect the real cost of funds to a borrower and the real yield to a lender or an investor. 💡 The main technical graph (left hand side) indicates on very strong bullish momentum over the past 3 years due to pro-inflation fears, that perhaps will push Fx FX:EURJPY pair further to its main targeted 185-yen level. 💡 30- and 60-day correlations between FX:USDJPY and FX:EURJPY are above +0.70, the two currency pairs tend to move in tandem. A rise in EUR/JPY should also see the cross climb.
by Pandorra
EURJPY Grab Liquidity and then Shoot UpPure technical analysis. At market close on Friday 2 February, EURJPY reached the upper channel of the micro-Elliott Wave (ABCDE waves) which was the last part of the Elliott wave from the previous bullish movement (12345 waves). Wave 12345 also indicates a break of structure heading upwards. We predict that EURJPY will complete leg E of the micro-Elliott Wave and will react at the price level of 157.000 which is also coincides with the 0.786 Fibonacci zone, where there is equal low liquidity to take and also a flip zone in a smaller time frame. For entry, wait for the price to retrace at level 157.000 - 157.800. If there is a change of character in this zone, take a buy position and set take profit at the level of 163.000 - 163.610, or the previous resistance. Cancel the setup if the price immediately shoots up to the 161.500 zone or breaks the 155.100 level.
Long
by adittiaduilocca84
EURJPY Technical Analysis! SELL! My dear friends, Please, find my technical outlook for EURJPY below: The instrument tests an important psychological level 160.57 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 159.64 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1