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Eurjpyforecast

EURJPY Long Term Buying Trading IdeaHello Traders In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET today EURJPY analysis 👆 🟢This Chart includes_ (EURJPY market update) 🟢What is The Next Opportunity on EURJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EURJPY End of Bull Run! Let's go Shorting. {31/07/2023}Educational Analysis says EURJPY may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Because Jpy fair value gaps are unfilled in a 1- hour time frame. Although last week EURJPY proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure. The Rectangle box is the Order block Analytical Trade would probably be Sell limit order at 157.850 Stop loss at 158.90 Take profit at 151.356. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Short
by VishalBudhrani
EURJPY very positiveHello traders. According to my analysis of the EURJPY. There is a high probability of going up. Where the market broke out of a bearish flag. Likewise, the strong resistance at the level of 147000 was broken. The price tested the resistance for the second time. And he couldn't break it. Also, a very positive candle has formed on the daily chart. All of these indicators indicate the strength of the buyers in this pair . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Long
by inv_market09
12
Eur Jpy Long IdeaEUR/JPY has recently experienced a corrective bearish move, creating an opportune moment for traders to consider a long position in this currency pair. This bullish analysis highlights the potential for a reversal from the corrective downtrend, with key technical and fundamental factors supporting the long signal for EUR/JPY. Technical Analysis: Fibonacci Retracement: The corrective bearish move in EUR/JPY can be seen as a retracement within a broader uptrend. By applying Fibonacci retracement levels, we can identify potential support levels where the pair could reverse and resume its bullish momentum. Bullish Divergence: In the recent corrective phase, there might be signs of bullish divergence on the oscillators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), indicating weakening bearish momentum and a potential shift in favor of bulls. Key Support Zones: Several key support zones coincide with the Fibonacci retracement levels and previous swing lows, creating a solid foundation for a bullish reversal. Traders can use these levels to place stop-loss orders to manage risk effectively. Fundamental Analysis: Strong Economic Recovery: The European Union and Japan have been experiencing a robust economic recovery from the global downturn, buoyed by fiscal stimulus measures and vaccination progress. As economic activity picks up, the demand for both EUR and JPY may increase, but the Eurozone's larger economy could give it an edge. Diverging Central Bank Policies: The European Central Bank (ECB) has shown signs of tightening monetary policy to combat inflationary pressures, while the Bank of Japan (BoJ) has remained accommodative. This policy divergence could strengthen the Euro against the Japanese Yen in the long term. Risk-On Sentiment: If global markets maintain a risk-on sentiment, investors may seek higher-yielding assets, including the Euro, and the Japanese Yen, being a safe-haven currency, may experience reduced demand in such a scenario. Conclusion: Considering the technical and fundamental factors at play, a long signal for EUR/JPY appears promising after the corrective bearish move. Traders should exercise proper risk management techniques, placing stop-loss orders at critical support levels. A successful long position can capitalize on the potential bullish reversal, fueled by a strong economic recovery in the Eurozone, diverging central bank policies, and prevailing risk-on sentiment in the market. As always, it's essential to stay updated on any relevant news or events that could impact the currency pair and adjust the trading strategy accordingly.
Long
by realtrademaster
EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
Long
by Sphyn-Trader
8