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.
Eurjpyprediction
EURJPY: Asian foreign exchange decline, dollar stable; The Yen cJapanese Yen weakened after intervention, USDJPY increased
Markets are now looking for more information on Japan's inflation and wage growth to gauge whether the Bank of Japan will raise interest rates further this year, which is expected to bring some relief for the Japanese currency.
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.
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EUR/JPY Bearish Scalping Robbery PlanMy Dear Robbers / Traders,
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I'll show you the EURJPY where the buying force is holding down Hi friends, I brought the FOREX interesting charts
The buying force is making adjustments by beating the sell-off and rising.
If the Fibonacci 0.618 section is set as the primary target and breaks upward, the AB=CD pattern can reach the 1 value D
EURJPY BUYING ON DIPS FROM SUPPORTHELLO TRADERS
As I can see EURJPY is testing a strong support zone on Friday. we expected on Monday markets opening it will start to move upside till design given levels Friends it just a trade idea Kindly share Ur thoughts with us on EURJPY.
Stay Tuned for more Updates!!
EURJPY: Asian foreign exchange falls ahead of Fed meeting; USD/JThe yen weakened sharply after the BOJ`s first hobby charge hike in 17 years, with USD/JPY hovering toward 150.
BOJ improved hobby fees with the aid of using 0.1%, bringing hobby fees to the impartial area after almost a decade of keeping bad hobby fees. The financial institution additionally signaled an cease to its yield curve manage and asset buy policies.
But the principal financial institution additionally stated that uncertainty approximately Japan's financial system could preserve financial situations in large part accommodative for the time being. Tuesday's charge hike, at the same time as historic, marks most effective a small step at the course farfar from the country's extraordinarily dovish stance.
This belief has dented the yen, as the principle strain at the Japanese currency - excessive US hobby fees - stays unchanged.
EURJPY: Asian foreign exchange declined, dollar stabilized afterMost Asian currencies fell on Thursday, while the dollar stopped falling as a series of signals from the Federal Reserve suggested the central bank is likely to keep interest rates high for a while. next.
Weak purchasing managers indexes (PMIs) from Australia and Japan also kept Asian traders in favor of the dollar, as business activity in both countries slowed in February.
The dollar fell after the Fed reiterated its interest rate outlook
The dollar index and dollar index futures were both steady in Asian trading after falling sharply from three-month highs this week, although the possibility of further declines in the greenback now exists. seems limited.
Minutes of the Fed's late January meeting showed that the bank is in no hurry to reduce interest rates in the near future. Speeches by several Fed officials this week also reiterated this stance, with policymakers citing concerns about tough inflation.
This message suggests that traders are continuously reducing expectations for a rate cut in May and possibly June, which bodes poorly for Asian currencies, as the gap between yields Risk and low risk remain narrow.
EURJPYBased on the daily timeframe, eurjpy appears to be adhering to an ascending channel, with the completion of the 5th Elliott wave and the subsequent ABC wave pattern. Currently, it has reached a 78% retracement of the last impulse move, indicating a potential reversal. As the (B) wave concludes, the price is likely to descend further to complete the (C) wave, conforming to Elliott Wave Theory principles. Traders may anticipate further downside movement in the near term.
EURJPY M15 / POTENTIAL MARKET CORRECTION 💲Hello Traders!
This is my idea related to EURJPY M15. I expect a sell-off on the EURJPY, and a market correction on the JPY basket, that's why my bias will be for short entries.
In the first phase, I expect the old highs to be taken before going bearish, it confirms, I will look for short entries.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURJPY I Strong possibility it will keep growing Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Eurjpy clear uptrend move about comeHello guys,
i am looking forward for a uptrend move in Eurjpy towards 160.30 or above, as per smart money concept we are in deep discount and taken out the sell side liquidity and looking forwards to target the buyside liquidity at 160.30 level on a 2hour time frame . which is deep clean and clear level for sellers and as a SMC trader we love to hunt stops. :)
EURJPY Day Analysis | Sell SetupHello Traders, here is the full analysis.
Tests resistance and the trend is down, Levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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EURJPY I Long opportunity from support zoneWelcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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EURJPY: Yen strengthens ahead of Bank of Japan meeting; The markCurrency stability is a hot topic in financial markets today as investors prepare for meetings of major central banks in Japan and Europe. The Japanese yen registered a notable gain, trading at 147.74 yen against the dollar, as markets awaited the Bank of Japan's upcoming monetary policy meeting. The bank is expected to maintain negative interest rates, a stance that has gained further support following Japan's recent earthquake.
The dollar index of the US dollar against a basket of major currencies was little changed at 103.24. Meanwhile, the euro fell slightly to trade at $1.0888, while the pound rose slightly to $1.27095. Investors are also adjusting their expectations for the U.S. Federal Reserve's next interest rate move. The interest rate cut was originally expected to occur in early March, but the forecast was pushed back to May due to strong U.S. economic indicators. This suggests that the Fed may take a more cautious approach to monetary policy changes, despite previous expectations for rate cuts.
All eyes are also on the European Central Bank (ECB), which will discuss its own monetary policy on Thursday. Given the impact on global supply chains, particularly those that affect trade routes through the Red Sea, the ECB may have to balance the need to support economic growth with the pressures of external trade challenges. The turmoil has led to a reassessment of the timing of potential interest rate cuts by the ECB as it considers the impact of these issues on the broader economic situation.