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Eurjpyidea

Eurjpy: Price to continue the bullish trend? Eurjpy, have been bearish since last few months, therefore the current market pullback is short termed and that is why price moved back sharply, there are also other main factors that will influence the price of EURJPY, such as weaknening JPY as there is no sign of investors having any interest on buying the currency as long as DXY remain bullish. Here what we think of JPY in coming weeks: The JPY is expected to weaken against the USD in the week of October 2023. The USD/JPY pair is expected to rise to 140.00, as the US Federal Reserve is expected to continue raising interest rates, while the Bank of Japan is expected to keep its monetary policy unchanged. The Fed is expected to raise rates by 50 basis points at its September meeting, and by another 25 basis points at its November meeting. The BoJ is expected to keep its benchmark interest rate at -0.1%. The divergence in monetary policy between the two central banks is expected to weigh on the JPY. Additionally, the US economy is expected to continue to grow at a faster pace than the Japanese economy, which will also support the USD/JPY pair. Here what we think of EUR: The euro is expected to trade in a range between 0.95 and 1.05 against the US dollar in October 2023. The currency is likely to be supported by the European Central Bank's (ECB) decision to raise interest rates by 75 basis points in September. The ECB is expected to continue to raise rates in the coming months in an effort to combat inflation. However, the euro is likely to be weighed down by the ongoing war in Ukraine and the resulting energy crisis. The conflict is likely to continue to disrupt trade and economic activity in Europe, and could lead to a recession in the region. Overall, the euro is likely to remain volatile in the coming months, and investors should be prepared for further fluctuations in the currency's value. Want us to continue posting such ideas then please do support by following us and liking our ideas if you agree with them.
Long
by Setupsfx_
36
EURJPY WildCardThere have been some choppy waters flowing for the EURJPY in the recent short term. This main scenario is considering a test of the resistance zone near the orange rectangle, and in case the red curved support is broken and preferably retested there could be some room for a bearish wave towards the green rectangle where another opportunity might present itself in case the price meets a powerful support there. Price action dictates the present and the potential future so have a lookout for any weakness or turnaround patterns that might occur in the projected support/resistance zones.
by UnknownUnicorn903284
EURJPY Analysis to trade from this zones.{25/12/2022}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? On the 1HR timeframe, the pair is making LOWER HIGH AND LOWER LOWS. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS PRICE WILL RANGE (FROM 124 - 148) IN THIS ONLY IF THE COMING DAYS GO NORMAL WITHOUT ANY BAD NEWS INTERRUPTION HAPPENING. HOW TO TAKE ENTRY ON THIS? In 15 min timeframe, the pair changes its character and the price push toward also couple breaks the primary structure
by VishalBudhrani
EURJPY: Today!Last week, the EUR/JPY pair surpassed the level of 159.47 and reached 159.75 before experiencing a reversal. As of now, the downside movement has been limited above 156.85, resulting in a neutral bias for this week initially. If the price breaks below 156.85, it will shift the bias to the downside towards the 55-day Exponential Moving Average (currently at 156.17) and potentially lower levels. Conversely, if there is a break above 159.75, it will indicate a continuation of the larger uptrend instead.
Long
by Sphyn-Trader
4
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