Eurjpytrade
Eur Jpy Long IdeaEUR/JPY has recently experienced a corrective bearish move, creating an opportune moment for traders to consider a long position in this currency pair. This bullish analysis highlights the potential for a reversal from the corrective downtrend, with key technical and fundamental factors supporting the long signal for EUR/JPY.
Technical Analysis:
Fibonacci Retracement: The corrective bearish move in EUR/JPY can be seen as a retracement within a broader uptrend. By applying Fibonacci retracement levels, we can identify potential support levels where the pair could reverse and resume its bullish momentum.
Bullish Divergence: In the recent corrective phase, there might be signs of bullish divergence on the oscillators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), indicating weakening bearish momentum and a potential shift in favor of bulls.
Key Support Zones: Several key support zones coincide with the Fibonacci retracement levels and previous swing lows, creating a solid foundation for a bullish reversal. Traders can use these levels to place stop-loss orders to manage risk effectively.
Fundamental Analysis:
Strong Economic Recovery: The European Union and Japan have been experiencing a robust economic recovery from the global downturn, buoyed by fiscal stimulus measures and vaccination progress. As economic activity picks up, the demand for both EUR and JPY may increase, but the Eurozone's larger economy could give it an edge.
Diverging Central Bank Policies: The European Central Bank (ECB) has shown signs of tightening monetary policy to combat inflationary pressures, while the Bank of Japan (BoJ) has remained accommodative. This policy divergence could strengthen the Euro against the Japanese Yen in the long term.
Risk-On Sentiment: If global markets maintain a risk-on sentiment, investors may seek higher-yielding assets, including the Euro, and the Japanese Yen, being a safe-haven currency, may experience reduced demand in such a scenario.
Conclusion:
Considering the technical and fundamental factors at play, a long signal for EUR/JPY appears promising after the corrective bearish move. Traders should exercise proper risk management techniques, placing stop-loss orders at critical support levels. A successful long position can capitalize on the potential bullish reversal, fueled by a strong economic recovery in the Eurozone, diverging central bank policies, and prevailing risk-on sentiment in the market. As always, it's essential to stay updated on any relevant news or events that could impact the currency pair and adjust the trading strategy accordingly.
EURJPY TradeAtfer taken liquidity of the buyside and change of character we will see a continuation of the downtrend we consider FVG an entry point
- Trading is probality control you risk management
Good Luck !
EURJPY Analysis 25July2023Eurjpy analysis is still in accordance with the roadmap that I gave last week. Bearish prices head to SND. there is a possibility that there is a correction before continuing the bearish trend again
EURJPY: JAPANESE YEN PRICEDuring the Asian session on Friday, the GBP/USD pair slightly increases and distances itself from the lowest point it reached in the past week and a half, which was around the 1.2840-1.2835 range. However, there isn't much momentum in terms of buying or a strong belief in an upward trend, and currently, the pair is trading around the 1.2880 range, with a modest increase of just over 0.10% for the day.
EURJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY: Uptrend is formed!The EUR/JPY has experienced a significant bounce from a critical support level, which includes the upper boundary of a slightly upward-trending channel that has been in place since last year, as well as an ascending trend line that dates back to March 2023. This rebound has created an opportunity for the currency pair to potentially reach the previous high at 158.00, which was recorded in early July.
EURJPY Analysis H1Here is my analysis for EURJPY on H1 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY POSSIBLE TRADE SHORTA POSSIBLE REVERSE ON THE LOW TIME FRAMES GOOD TRADE FOR INTRADAY STYLE
waiting for agressive sellers to step in
EURJPY Idea H1Here is my analysis for EURJPY on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY Analysis 11July2023for now the price is stuck at the second SND, if the price manages to fall more than the second SnD, then the bullish trend has collapsed. could be the beginning of a change to a bearish trend.
EURJPY BuyDo not think that the pair is overbought and it will now, look at Japan economy and their policy. Japan will strong but not now. They are doing great work but their currency is weak against the all pairs.
💡 EUR/JPY Short setup. 🔻Hello traders.
Looking into this pair I can see that EUR longs are becoming exhausted. Currently we are in extremely overbought territory. On the daily we have the RSI coming out of overbought and on the 4H we have massive divergence. Also on the 4H we have broken support. However we have now come in contact with a daily support zone. I am expecting price to bounce around for a while as long positions take profit.
EURJPY: Despite the alarming inflation figures from Germany and.The EUR/JPY pair extended its losses for the second consecutive day, sliding to 157.40. Strong retail sales data from Japan contributed to the strengthening of the Japanese Yen. Despite hot inflation figures reported in Germany, with CPI rising to 6.4% (compared to the expected 6.3%), and in Spain, with CPI reaching 1.9% (compared to the expected 1.7%), the EUR/JPY pair still faced pressure. However, the increased interest rates in Germany limited the potential depreciation of the Euro.
EUR JPY Short Setup - Bearish Divergence Play Well. OANDA:EURJPY EUR JPY Short Setup - Bearish Divergence Play Well in 1hr
EURJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURJPY Day Trade SellFX:EURJPY Sell
Day Trade today
EURJPY Sell 155.969
Top 155.600
It has reached the resistance and moving horizontal so good opportunity to sell
EURJPY: New events!Asian stock markets could fall in Monday's trade as investors await to see if the recent sell-off in long-dated bonds will last and could ease pressure on the dong. Dollar.
The MSCI index of Asia-Pacific shares (excluding Japan), was down 0.02% at 562, but still near the January high of 574.52.
Japan's Nikkei (N225) fell 0.4% after hitting a six-month high on Friday, as Japan recorded a record economic contraction in the second quarter.
E-Mini futures for the S&P 500 were up 0.25%, well below a record-high close of 3,386.15.
US second-quarter earnings season will end with major retailers reporting this week, including Walmart Inc (N: WMT), Home Depot Inc (N: HD) and Kohls Corp (N: KSS).
Politics will be in the spotlight as the Democratic National Convention kicks off the 2020 presidential election season.
EUR/JPY potential triple top pattern : Time to sell?Dear traders, we can see the formation of a potential triple
top pattern in EUR/JPY.
EUR/JPY is currently in the resistance level. So, if we see bearish
price action that this resistance zone, we can consider selling
EURJPY@ 151.30-151.60 with SL above resistance and TPs
at 148.73, 146.60.
EURJPY 11June2023there is a considerable possibility to short at the moment. looking at the existing pattern, it could be that wave 2 has formed, you can short with SL restrictions above the invalid area.
EURJPY is bearish!!Price continue to make lower highs and lower lows which means a reversal has started
