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Eurjpylong

EURJPY to break higher?EURJPY - 24h expiry Buying pressure from 147.88 resulted in prices rejecting the dip. The current move higher is expected to continue. This is positive for sentiment and the uptrend has potential to return. Previous resistance located at 149.27. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 149.27, which will confirm the bullish sentiment. We look to Buy a break of 149.28 (stop at 148.68) Our profit targets will be 150.78 and 151.08 Resistance: 151.40 / 152.95 / 155.20 Support: 146.05 / 144.20 / 142.90 Risk Disclaimer 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EUR/JPY Price Analysis:155-165STRATEGY STRONG BUY EUR/JPY climbs sharply to 2023 past 149.00 The underlying strong upside momentum in the cross appears unchallenged for the time being. Against that, the continuation of the upward bias should challenge the key 150.00 barrier in the relatively short term. So far, further upside looks favoured while the cross trades above the 200-day SMA, today at 142.43. Japan Housing Starts Fall Less than Estimated Japanese Shares Jump After BOJ Decision Japanese Yen Weakens After BOJ Decision Bank of Japan Holds Rates, Tweaks Forward Guidance Tokyo Core Inflation Accelerates in April Japan Retail Sales Grow More than Expected Japan Industrial Output Growth Tops Estimates Japan Jobless Rate Rises to 14-Month High Japan Leading Economic Index Revised Upward Japan Coincident Index Revised Downward BIG PICTURE BEARISH BoJ not changing policy, intensified interest rate differential game Japan is still a basket case Japan inflation at multi-year highs, while BoJ stuck in denial BoJ still unlikely to change course BoJ keeps to the dovish script FX intervention unlikely to prevent yen weakness The BoJ cannot defend the yen and is unlikely to want to Increasing divergence between a dovish BoJ and tighter Fed monetary policy BoJ intervention unlikely to halt yen’s slide Only intervention from Japanese officials can relieve the yen BIG PICTURE BULLISH The Bank of Japan can add to the yen’s appeal The likelihood of a BoJ policy shift should accelerate Yen gains Yen to outperform as tightening cycles eventually come to an end and central banks turn to easing Further policy adjustments from the BoJ BoJ will review the side effects of its ultra-loose monetary policy BoJ's policy tweak consistent with and supportive of Yen outperformance A change at the helm of the BoJ puts JPY in pole position for 2023 Japan's economy and monetary policy to remain reasonably steady going forward Yen seen as particularly sensitive to any swings in growth and monetary policy trends BoJ reluctance to ease may put the yen on top
Long
by DaveBrascoFX
1
EURJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from 4H bullish order block + institutional big figure 148.000 Fundamental analysis: Next week we have news on EUR, will be released Interest Rate which is expected to increase, followed by ECB Press Conference. Increased interest rate means strength in currency which could support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
10
EURJPY to find support at previous swing high?EURJPY - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. This is positive for sentiment and the uptrend has the potential to return. The hourly chart technicals suggest further downside before the uptrend returns. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 148.65 (stop at 148.10) Our profit targets will be 149.95 and 150.25 Resistance: 151.40 / 152.95 / 155.20 Support: 148.40 / 146.05 / 144.20 Risk Disclaimer 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
W Formation on EURJPY showing strong upside to 157.57W Formation formed on EURJPY. Broke out and now is showing upside momentum. 7>21>200 RSI>50 (Higher Lows) Target 157.57 SMC Sell Side LIquidity Order block where SM is sweeping sells and buying into them. Hence we placed a stop loss just below this order block... NOTE: This formation is a W Formation and NOT a Cup and Handle because the second rounding bottom is more than 50% of the first rounding Bottom. If the height was less than 50% then it'll deem it as a Cup and Handle
Long
by Timonrosso
EurJpy- All eyes on 143 zoneTwo days ago I've said that I expect a rise for EurUsd and also a rise for UsdJpy (Stronger than Usd Euro, but also stronger than Jpy Usd) and this will give us a double effect on EurJpy. Indeed, this happened, and EurJpy rose 300 pips in these two days. Technically speaking, at this moment, the pair is above 143 resistance, which is now support and is correcting from the very important 145 resistance. In my opinion, after this correction, EurJpy will resume its rise towards 150, and dips from this possible drop should be considered good opportunities for bulls. As said, the 150 zone remains my target for the medium term and a drop under 142 would negate this bullish scenario
Long
by Mihai_Iacob
13