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Eurjpyshort

EUR/JPY SELLING at 162.76EUR/JPY has been BULLISH since July of 2023 so its abrave man (or a fool) who calls the top on this particular pair. That said the current wave of BUYING started earlier this month and there are clear signs that EUR/JPY BULLS are taking a breather. The SELL signal line of the Andean Oscillator is rising and the green buy line is crossing south over the signal line indicating an increasing BEARISH influence. MACD is mirroring this and also crossing south and the RSI on H1 which has been overbought for sometime is also heading south. So all the technical indicators would suggest we're headed south from these levels. However. The 25 50 100 and 200 EMA's are all below price so EUR/JPY BEARS will have their work cut out to drive the price lower. This trade will have to be carefully managed and exited if there are signs of support coming in. There's no more scheduled news now until next week so once the markets have digested the green numbers of the Unemployment Claims and Flash Manufacturing PMI then whatever direction we 're going in should last for some time.
Short
by forextraplaces
14
EURJPY: Possible Swing Selling Opportunity!Dear traders, EURJPY recently has been overbought, and price is currently at the crucial level. There are two possible swing entries which can be utilised properly. JPY plummet to lowest, making it one of the worst performing currency on currencies index. Take sell entry with accurate risk management, no more than 80 pips in stop loss. If first entry fails, take second entry. We are now focusing on both of these area for swing selling. 400 to 800 pips in take profit. Good Luck.
Short
by Setupsfx_
3
Sell EURJPY Channel Breakout The EUR/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bullish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 162.85, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 162.04 and 161.54. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken channel support line at 163.35. This helps limit potential losses if the price reverses and breaks back upwards. Thank you
Short
by KABHI_FOREX_TRADING
2
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.
Short
by Chart_MasterPro
SHORT EUR/JPY at market 162.11Just like EUR/USD we can see an M-Top candle pattern has formed just below key resistance of WR1 on EUR/JPY. The neckline at 162.11 has been broken so I'm in SHOT on this pair. The pair fell just short of reaching key WR1 Pivot which is a concern so my STOP on this trade is above this level just in case we see some late buying in an attempt to hit WR1. The double top at 162.36 area was last reached some tine ago, in November and a look at the H4 RSI shows us that we've just left an area of overbought so there are signs that this move south has the potential to be deep. Price has cleared the 25 EMA on H1 and is curerntly sitting on the 50 EMA. The key 100 and 200 EMA levels lie below the price so if this is to be a deep retrace then the BEARS have their work cut out. Initially my target for this trade is the 200 EMA which lies on top of WPP Pivot which it frequently does. We'd have to see how much BEARISH momentum is in the market to see whether this key level at 161.43 is likely to break. If it does then we could be headed to 159.00 but that wouldn't be for some considerabe time. We also have FOMC minutes at 19:00 GNT which will be a market mover.
Short
by forextraplaces
EUR/ JPY !! 20/2/2024 Resistance zone, SELL NOW⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Strong resistance zone at 161,900, no important economic data today, correction DOWN ⭐️ SET UP EUR/ JPY PRICE: 🔥SELL zone: 161.870 - 162.070 SL 162.370 TP1: 161.570 TP2: 161.270 TP3: 160.870 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
6
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. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
3
EUR/JPY carving out an M Top pattern - SHORT from 160.76EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance. The neckline comes in at 160.74 which will be our entry. We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger then the 200 EMA may halt and BEARISH progress. The trade will have to trigger within the next 15 H1 bars or the setup is nullified.
Short
by forextraplaces
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. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1