EURJPY BUY | Idea Trading AnalysisEURJPY is moving in an UP trend channel.
The chart broke through the dynamic Resistance line..
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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EURJPY
EUR/JPY LONG FROM SUPPORT
Hello, Friends!
EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 166.084 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
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#EURJPY: 156 TO 166 A total of 1000+ pips emerging! Daer Traders,
We are witnessing a bullish reversal on EURJPY and that is why we think price is likely to continue going up. With possibility of price reaching towards a level of 166 which is a key level where we have fair value gap within the chart frame. good luck
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 158.543 area.
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EUR/JPY Analysis: Bullish Momentum Supported by ECB-BoJ Policy The EUR/JPY pair currently shows potential for upward movement, supported primarily by the ongoing divergence in monetary policies between the European Central Bank (ECB) and the Bank of Japan (BoJ).
The ECB's hawkish stance, involving rate hikes to manage inflation, contrasts sharply with the BoJ's ongoing zero-interest-rate policy and quantitative easing. This divergence has historically supported the Euro's appreciation against the Yen, as investors favor higher-yielding currencies.
Technical Analysis Insights:
Trend Indicators: The overall trend indicators, including moving averages, lean bullish on higher time frames. Shorter-term moving averages confirm the upward momentum, aligning with the macroeconomic outlook favoring the Euro.
Oscillators: Most oscillators currently show neutrality, with some indicating a buy, suggesting that while momentum remains positive, the pair could experience periods of consolidation.
Resistance and Support Levels:
Key resistance is identified near recent highs, while support rests around significant moving average levels and prior swing lows. This setup suggests that, although the current momentum is upward, any risk sentiment shift or unforeseen economic events could lead to volatility, impacting the upward trend.
Prediction
Given these indicators and the fundamental backdrop, the EUR/JPY is likely to maintain a gradual bullish trend in the short to medium term, with potential fluctuations depending on global economic factors and any shifts in the ECB or BoJ's policy stance.
Note: There is an OPEN GAP at lower levels.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always consider your risk tolerance and consult with a financial advisor before making trading decisions.
Bearish drop?EUR/JPY is reacting off the resistance level which is a pullback resistance which is a pullback resistance and could drop from this level to our take profit.
Entry: 166.49
Why we like it:
There is a pullback resistance level.
Stop loss: 168.03
Why we like it:
There is a pullback resistance level.
Take profit: 165.03
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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EURJPY Will Grow! Buy!
Please, check our technical outlook for EURJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 165.018.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 167.407 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Buy EUR/JPY Bullish FlagThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 164.33, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 165.42
2nd Support – 166.05
Stop-Loss: To manage risk, place a stop-loss order below 163.70. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
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EURJPY: Bearish Continuation & Short Trade
EURJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURJPY
Entry Point - 164.34
Stop Loss - 164.84
Take Profit - 163.37
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are going short on the EUR/JPY with the target of 161.245 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURJPY I Potential upside but caution around Yen Policy RateWelcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EUR/JPY Eyes 164.80 Amid Bullish MomentumThe EUR/JPY pair exhibits a strong bullish trend, with prospects of reaching the 164.80 level soon. Recent movements reflect a recovery fueled by the divergence between the Eurozone and Japan's monetary policies. The European Central Bank (ECB) maintains higher interest rates, while the Bank of Japan (BOJ) continues a cautious approach to normalization, leading to a weaker yen.
A break above 163 signals bullish momentum, possibly extending to 164.50-164.80 if supported by favorable eurozone data or dovish BOJ commentary. Caution is needed for potential resistance challenges.
Technical Factors:
- Key Resistance Levels: 163.00, 164.80
- Key Support Levels: 162.00, 161.50