EURJPY - UPDATE Previous trade hit my SL due it being tight and price deciding to form another structure. But we go again at the break of this bearish flag.
EURJPY
EUR/JPY Short Opportunity - SeptemberGood setup, price made a LL and LH with bearish pinbar. This was a feast day so was off trading for the day.
EURJPY - SHORTPrice broke out of an ascending channel and stucked in one place for 6-8 hours after the drop. If price breaks the correction, I'm anticipating it to continue dropping.
EURJPY Ready for a Descent?The EUR/JPY continues to depreciate for the tenth consecutive day, with resistance at 158.17 and proximity to the Ichimoku Cloud (Kumo) suggesting potential downside risks. Currently trading at 157.60 (-0.19%), the Euro is weak due to recessive prospects in the Eurozone. The ECB is maintaining steady rates, following the Fed's approach of keeping rates higher for a longer period. This, combined with concerns about possible Japanese intervention in the Forex market that could strengthen the yen, keeps traders on hold. In the daily chart, the EUR/JPY shows a sideways trend with key resistance at 158.17 and potential targets at 158.65 and 159.00. In the hourly chart, lower highs are evident, suggesting a bearish outlook, awaiting a low below 157.03. The first support is at 157.48, followed by 157.11 and 157.03, while resistance is at 157.69, 157.79, and 158.00. The expectation remains bearish. Regards, Nicola, CEO of Forex48 Trading Academy.
EURJPY H4 |Bullish reversal off 78.6% fibo?Price could fall to our buy entry at 157.16, which is a swing low support level, aligning with the 78.6% fibo projection and slightly above the 78.6% fibo retracement. Our stop loss is at 156.63, which is a multi-swing low support level. Take profit is at 158.05, which is a multi-swing high resistance level.
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EURJPY H4 | Rising into pullback resistanceEURJPY could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 158.500
Why we like it:
There is a pullback resistance level
Stop Loss: 159.000
Why we like it:
There is a level that aligns beyond the 127.2% Fibonacci extension level
Take Profit: 157.184
Why we like it:
There is a swing-low support level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Trade Both Ways!!Our analysis suggests that there is a sideway bounce trading opportunity, with resistance at 158.49 and support at 156.79. With a difference of 170pips, this provides an incredible profit potential that can lead to close to 1,790usd/lot.
We have two sideway bounce trading strategies that we could utilize to maximize our profits. I would love to hear your thoughts on which one you prefer.
Both strategies have been carefully crafted and have the potential to yield high returns.
Let's take advantage of this opportunity, make a smart investment decision and plan your trade.
EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 157.515 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY Trading Ideaased 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 :-)
I'm i the only one seeing this on EurJpy? But what's your view??I'm just learning how to be a profitable intra day trader, I've been a swing trader before now but I've not been profitable with it but I've marked this up for months now and I can see that its following through, but I can see its entering a major resistance zone, so I'm telling you, if it can break through, we're still on a buy on EurJpy.
But I stand to be corrected though, let me know your views to learn from you.
Thanks.
Intraday technical analysis. The EURJPY might drop to 157.300Following Demand and Supply technical analysis, Supply is relatively high on intraday timeframes. Remember to look confirmation before taking the leap and as well as proper risk management.
Strifor || EURUSD-09/22/2023Preferred direction: SELL
Comment: The trading idea for the euro remains unchanged and further decline is expected. Today, the currency pair has already reacted to relatively negative statistics from the EU, although there is no big negative here. But this trend is enough for the US dollar to continue its pressure on competitors. The main goal today is to update the current intraday low formed by the release of data from the EU.
Thank you for like and share your views!
Eurjpy Showing Bearish Signs in uptrend since long time now showing some bearish signs
recently formed ascending channel breakout and retest has already confirmed expecting massive bearish rally in coming days
expecting 350 to 400 pips bearish rally
EUR/JPY BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are targeting the 157.786 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY Massive Long! BUY!
My dear friends,
My technical analysis for EURJPY is below:
The market is trading on 157.40 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 157.96
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
EURJPY possible bouncePrice has been consolidating but has now formed structure within the range that could possibly push price outside the range to the upside to possibly retest a higher time frame supply before further expanding down since higher time frame bias is bearish at least for the short term.
EURJPY to move higher from current prices?EURJPY - 24h expiry
Buying pressure from 157.37 resulted in prices rejecting the dip.
A Doji style candle has been posted from the base.
Indecisive price action has resulted in sideways congestion on the intraday chart.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Further upside is expected although we prefer to buy into dips close to the 157.77 level.
We look to Buy at 157.77 (stop at 157.27)
Our profit targets will be 158.97 and 159.27
Resistance: 158.05 / 159.85 / 160.85
Support: 156.60 / 155.50 / 154.70
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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.
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Strifor || USDJPY-09/20/2023Preferred direction: SELL
Comment: The currency pair is considered according to the same two scenarios, and most likely the instrument will go according to the first scenario. Closing the day below the level of 147.816 will strengthen the opinion on this matter. The downside potential is still the same at 144.900.
Thank you for like and share your views!
EJ - PRICE IS RE-TESTING STRONG SUPPORT ZONEPrice is now re-testing strong demand/support zone.
Bullish structure is forming.
Let's monitor price action and look for BUY entry
FX:EURJPY OANDA:EURJPY FOREXCOM:EURJPY
EURJPY H4 | Bearish reaction off 100% fibo?Price is approaching our sell entry at 158.52, which is a multi-swing high resistance level, and at the 100% fibo projection. Our stop loss is at 159.27, which is a pullback resistance level, slightly above the 127.2% fibo extension. Take profit is at 157.78, which is an overlap support 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.
EURJPY Has Been in a Long-term Upward TrendEURJPY has been in a long-term upward trend since the start of the year, reaching a new 15-year high of 159.75 on August 31. The price has been trading without a clear direction around 158.00 since then.
The bulls could aim for the 15-year high of 159.75 if the sideways pattern breaks to the upside at 161.00. The pair could reach fresh multi-year highs if it rises above that zone, but the February 2008 peak of 161.40 may curb further advances. The April 2008 high of 164.95 could be challenged if the price doesn't halt there
Sell EUR/JPY if 4Hour resistance Holds(Entry, TP and SL below)Hello everyone, EUR/JPY is struggling to break the resistance level
indicated in the 4Hour chart.
📌We have 4 consecutive candlesticks with long wicks at the top.
📌Price is currently below the EMA on the 4Hour chart. This gives us
a slight bearish bias for the 4Hour Timeframe.
📌If price continues to stay below the (resistance zone + EMA on 4h chart),
we can consider selling EUR/JPY@157.82-157.92 with SL near 158.10
with initial TP at 157.38 and final TP at 156.70
EUR/JPY Forecast: Analyzing the Future OutlookThe EURYEN demonstrated commendable adherence to our established trading range throughout the previous week. In the upcoming week, our primary focus will be on the potential for an upward rally, as denoted by the directional arrow, where a formidable resistance level resides. In the event that the price maintains its position below this resistance threshold, we anticipate a subsequent downturn, potentially leading to a descent towards the 156.86 price region.
