Get started

Eurjpylong

Is EURJPY going to turn around? the week of 22 July, 2024Many of us never realized that the current bull run in this pair began more than 4 years ago. Is anything going to change soon? I don’t think so, not until the recent low at 167.520 is convincingly taken out. At this time, my bias is therefore bullish and I am only looking for the conclusion of the current pullback. Once that is established, I will be looking to take an entry long. Price is finding support at the 50ema and Ichimoku holds a bullish view as well. This is not a trade recommendation, it is just my analysis. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management if/when you trade. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Long
by Trading_Vista
8
EURJPY - Short idea !! Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Price started to form lower lows and lower highs, so I look for short position. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 172.500. Fundamental news: Tomorrow (GMT+3) we have Interest Rate on EUR, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
EUR JPY options Interesting situation with this pair as I am predominately looking for longs, but because there was two interventions by the Japanese it makes a taking any JPY crosses difficult to predict, and even if it does set up there is a good chance of getting taken out. So I am not sure weather to look for buys or sells. However from a technical point of view I would await a break out of either the daily support of 171.479 for the short entry or a break of 173.479. I always wait for a close of at least the 30m candle for confirmation
by garethwarnock44
EURJPY Weekly Analysis and OutlookEURJPY Weekly Analysis and Outlook Following a significant correction as forecasted in our previous analysis, the EURJPY pair is now poised for a continuation of its upward move. Traders should prepare for potential bullish opportunities as the pair resumes its positive momentum. Current Market Overview: The EURJPY has undergone a deep correction, bringing it to a more favorable level for buyers. This pullback has allowed the pair to gather strength, and recent price action suggests a shift towards renewed bullish sentiment. As the pair stabilizes and starts to climb, traders are monitoring for signs of continued upward movement. Expectations and Potential Scenarios: With the EURJPY set to continue its upward trajectory, several scenarios could unfold: Primary Expectation: Bullish Continuation: Following the deep correction, the EURJPY is expected to resume its upward move. This continuation could lead to higher price levels, offering traders opportunities to capitalize on the bullish trend. In this scenario, the pair might target previous highs and potentially move beyond, reinforcing the positive outlook. Alternative Scenario: Temporary Pullback: If the EURJPY encounters minor resistance and experiences a temporary pullback, traders should view this as an opportunity to reassess and look for entry points at lower levels. This minor correction could provide a better position before the upward trend resumes. Monitoring the price action closely will be crucial to anticipate this scenario. Conclusion: In summary, the EURJPY pair is positioned for further upward movement following a deep correction. Traders should watch for continued bullish momentum, which could signal continued gains and a shift to a positive trend. Keeping an eye on both bullish continuation and temporary pullback scenarios will be essential for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
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 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
TRADE SIGNAL: EURJPY LONG 21 May 2024Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below Position Parameters; Entry BUY @ 169.500 - 169.223 Flex SL 169.060 Final TP 170.496 Note: i'd share updated confluences from next post. 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
SIGNAL BUY EURJPY - ENTRY BELOWFind my confluences below; ✅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 lefthand side been identified and marked as potential problem area/TPx? Go long the moment the pending condition is met; Position details Flexible Entry 169.526 Flexible SL 169.309 Target 170.001 area 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
ENTRY SIGNAL: BUY EURJPY Conditions: 1. Break and closure above current 30 mins high (169.227) 2. Price remains inside 169.291-169.064 range (fakeout to the bearish side would be a deal sweetener) ENTRY above 169.227 SL 168.975 TP 170.495 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
4
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