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Eurjpyanalysis

EURJPY 300 PIPS SWING IDEAThe EUR/JPY pair recently hit the resistance level from 2008 and has been bouncing off that zone for several weeks, indicating that the bears are attempting to take control. On the H4 time frame, you can spot two double tops forming over some time. Last week, there was a significant impulse move to the downside, culminating in a bearish flag pattern. I'm anticipating two potential reversals within this bearish continuation pattern—either a double top or a head and shoulders—before executing my short positions. Until then, stay vigilant and keep your spirits high.
Short
by fasthandfx
3
EURJPY counter trend short move is expected**Monthly Chart** EURJPY monthly chart is looking bullish, we have already broken July 2008 high. I do expect a huge reaction from BOJ around this level. Last month candle closed bullish after spiking around 170 level. This month candle which is already active is moving towards breaking the high of last month and reacting from July 2008. **Weekly Chart** last week candle closed as bullish. There is still no sign for a price reversal on weekly as the weekly time frame indicating a clear bullish trend. However, there might be a huge reaction around July 2008 historical high level. **Daily Chart** If the price moves slowly to the upside in a corrective wave with a price action pattern formation, it will provide a sell signal to move lower. I am expecting a reaction around this area which might provide a sell setup to go short at least for 500 pips.
Short
by PropSignals
EURJPY ANALYSIS [W/B 10/06] Long term Swing Short EJ has been heavily, bearish within - not just - the last few hours, but days. Sells have most definitely taken over and have resulted in continuous breaks of structures downwards. The last BOS on the far right - once it happens (Seeing as lows just keep being attacked, with liquidity continuously being left behind) - will confirm the overall sell into demand that was once created at the beginning of May. N.B. It would be worth having a look at other JPY pairs too for this trend.
Short
by saintprincevvs
EURJPY - Look for Continuation Long (SWING) 1:2!EURJPY is somewhat correlated with GBPJPY, which currently shows no signs of going bearish. After solidly breaking the monthly support and executing a nice pullback, EURJPY reacted firmly on the support with a few strong hourly candlesticks. Like GBPJPY, we need to wait for it to break the current resistance before going long. Look for a strong bullish candlestick and a firm correction before entering. Disclaimer: This is simply my personal technical analysis, and you're free to consider it as a reference or disregard it. No obligation! Emphasizing the importance of proper risk management—it can make a significant difference. Wishing you a successful and happy trading experience!
Long
by S-Fx_
2
#EURJPY:1000+ Pips Swing Selling Chance! Comment down your viewsDear Traders, JPY has been bullish since this week, and will likely to remain bullish as we approach NFP. If DXY turns out to be bearish it will likely boost JPY to continue the bullish momentum. In short time, we expect price to drop further and make smaller correction towards our entry zone. Once it does that, we can then enter with accurate risk management. **If you like our work, then please do like, comment and follow us which will encourage us to bring you more educational ideas.**
Short
by Setupsfx_
4
EURJPY Technical Analysis and Trade Idea Upon analyzing EURJPY, a robust bullish trend is evident on the weekly time frame. Notably, we’ve identified a clear breach in market structure on the 4H timeframes. However, it’s essential to acknowledge that this pullback might lead to an opportunity to get long in an over all HTF bullish trend. Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
Long
by fxtraderanthony
2
Yen Nears Record Low Versus Euro on Divergent Monetary PoliciesThe Japanese yen (JPY) is nearing its all-time low against the euro (EUR), driven by differing monetary policies between the Bank of Japan (BOJ) and the European Central Bank (ECB). While the BOJ's interest rates remain significantly lower than those in the Eurozone, the ECB's cautious approach to rate cuts supports the euro. Key Points: - Interest Rate Divergence: The BOJ ended its negative interest rate policy in March, but its rates are still much lower than those in Europe. This gap weakens the yen against the euro. - Carry Trade Dynamics: Low yen volatility boosts carry trades, where investors borrow in yen to invest in higher-yielding euro assets. - ECB's Rate Cut Outlook: Internal debates within the ECB about the pace of rate cuts add uncertainty but overall support the euro. - Yen Intervention Risks: Potential interventions by Japanese authorities to support the yen could moderate its decline. - Economic Assessments: Mixed economic data from Japan and strong wage growth in Europe provide additional support for the euro. Market sentiment is bullish on the euro against the yen, with positions indicating expectations of further euro strength. The EUR/JPY pair remains firm at around 170.00, benefiting from both fundamental and speculative support.
Long
by signalmastermind
TRADE SIGNAL - BUY EURJPYWeekly and daily price bars has not moved bullish at all (no top wick), and price seats currently on psychological level 170.000. There are chances that price has found support at that level. If so, then expect a bullish swing up to 171.000 in the coming hours or days. Confluences (A.K.A checklists) to look out for: ✅Price at psychological level? ❌Has there been a recent intraday range? ❌Do you see 30 mins or 1 hr price bar closure outside recent range? ❌Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the left-hand-side been identified and marked as potential problem area/TPx? Go long only when you tick out this checklist!!! Trade parameters: Buy @ 169.982 - 169.781 Flex SL 169.449 Final TP 171.002 Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details
Long
by Kingsley_lotanna
1
EURJPYEUR/JPY is showing strong bullish momentum with potential for further gains, and a strong uptrend, with moving averages indicating a continuation of this bullish momentum. Key support levels are noted at 169.05 and 167.31. On the upside, resistance is likely at 170.62 and 171.58. A break above these resistance levels could signal further upside potential towards 172.00 and possibly 175.00 in the longer term. The euro has been strengthening against the yen due to the interest rate differential between the European Central Bank and the Bank of Japan. The latter's dovish stance continues to exert downward pressure on the yen, making the euro more attractive to investors. Short-term pullbacks in the pair are viewed as buying opportunities​.
Long
by TFXBR
EURJPY Bullish Move**Monthly Chart (Bullish)** Last month's candle closed bullish suggesting a continuation of the bullish trend at least to break the monthly high of Oct 1998 at 164.536 and move ahead towards testing the high of July 2008 at 169.96. **Weekly Chart (Bullish)** Last week's candle closed bullish. However, it is still within the range of the previous week’s candle after slightly testing the high of Oct 1998 at 164.536 and rejecting the price from it. This week we are going to see if the price breaks the high again and moves towards the first target at 166 and then 168 levels. There is also a high probability chance that break the July 2008 high at around 170 level (round number). **Daily Chart (Bullish)** Tuesday - 2nd April 2024 The candle closed as a key reversal creating a swing low that bounced after grabbing the liquidity and swiping the price higher, this indicates the high momentum for EURJPY to continue moving higher. This week, I will be looking for an entry to go long if the price gives a corrective structure with good risk-to-reward parameters.
Long
by PropSignals
Large potential but Countertrend short EURJPYPrice is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to fall. I will be taking a trade as soon as spreads normalize on Monday, but note that this is counter-trend. If you take this too, please manage your risk with a high degree of caution. Being prepared for the unexpected is always good in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
12
EURJPY SELL | Idea Trading AnalysisThe price has recently reached a strong resistance zone, noting previous sell-offs in that area. It appears that we may see more sideways movement EURJPY is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
9
LONDON OPEN SIGNAL: EURJPY LONG - 14 May 2024Like, comment and share with your peers! Hi Friends, Price was able to close outside our recent range (see 30 minutes time frame), so i'd expect that momentum to continue but not without multiple retest of this recent range. With that said, find the following focal points; Entry - 168.646 to 168.728 area Textbook SL 168.396 (means flexible - put SL as occasion serves you and give the trade a second chance if SL is hit) Final TP 169.500 (TP 1 - 169.000) Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details
Long
by Kingsley_lotanna
1
EURJPY Technical Analysis and Trade Idea Upon comprehensive analysis of the EURJPY pair, we are currently observing a robust uptrend, particularly evident in the broader timeframes such as the monthly and weekly charts. Despite a transient retracement observed on the daily chart, indicative of bearish sentiment, the market trajectory has resumed its upward course. Notably, a decisive breach in market structure on the 4-hour chart suggests a potential shift in the short-term trend to bullish. Our latest video elucidates this trend progression, delves into the nuances of price dynamics, market structure, and fundamental principles of technical analysis. Concluding the video, we present a strategic trade proposition. Please note, the content provided herein serves solely for educational purposes and should not be construed as investment advice.
Long
by fxtraderanthony
EURJPY BANK BULLISH SIDE ROBBERY PLANMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of EUR/JPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
EUR/JPY Bearish Scalping Robbery PlanMy Dear Robbers / Traders, This is our master plan to Heist Bearish side of EUR/JPY based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. when market break the dynamic support it will continue to go down down. Loot and escape at the target🎯. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Short
by Thief_Trader
EurJpy- Test of 170 once more? For over two years, OANDA:EURJPY has been experiencing an upward trend. The pair is ascending within a clearly defined rising channel. Despite a drop at the end of last year, triggered by JPY repatriation, the overall trend remained intact, and EURJPY resumed its upward trajectory at the beginning of this year. The end of April saw the pair reach a new all-time high, followed by a rapid and aggressive decline induced by the BoJ intervention. Currently, 164 stands as a strong floor. As long as this level holds, further gains towards 170 can be anticipated.
Long
by Mihai_Iacob
4