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Eurjpyupdate

EURJPY Bullish Breakout: Targeting 300 Pips Toward 161.500EURJPY is currently trading at 157.500, having completed a falling wedge breakout and now holding above a key support level. The falling wedge is a strong bullish reversal pattern, indicating that after a period of consolidation, buyers are stepping in to drive the price higher. If this support holds, EURJPY could gain further momentum, targeting the 161.500 level for a potential 300-pip move. From a technical perspective, the breakout has already been confirmed, and price action suggests that bulls are in control. A strong hold above support, along with increased buying pressure, could push EURJPY toward its next resistance zone near 161.500. Traders should watch for bullish candlestick formations and volume confirmation to strengthen the breakout scenario. On the fundamental side, the euro’s strength against the yen is largely driven by monetary policy divergence between the European Central Bank (ECB) and the Bank of Japan (BoJ). The ECB remains relatively hawkish, while the BoJ continues its ultra-loose monetary policy, keeping the yen weak. Additionally, risk-on sentiment in global markets tends to favor EURJPY upside. In summary, EURJPY has broken out of a falling wedge and is holding above a critical support level, with bullish momentum building. If this level remains intact, the pair could see a 300-pip rally toward 161.500. Traders should monitor price action, volume, and any shifts in ECB or BoJ policy for further confirmation of the bullish trend.
Long
by AndrewsMarket-Mastery
1
EUR/JPY At Very Interesting Area To Buy And Get 250 Pips !Here is my idea on EUR/JPY , We have a very good daily closure above my support and also 4h closure great and we have a very good rejection so i think the price will go ip a little at least 200 pips to make a little correction to upside , so let`s buy it and see what will happe in the next few days . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
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Short
by Thief_Trader
EUR/JPY Made Double Bottom Pattern , Long Entry Valid ! We have a very good reversal pattern here and we have a daily closure above our neckline so we can buy it with 200 pips with retest to neckline . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
3
EUR/JPY Broke Important Res Area, Is It Will Go Up Now ?We Can buy this pair now cuz we have a very good bullish Price Action , i prefer to wait for daily closure above the broken res level but let`s enter with small lot size and see what will happen ! This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
EURJPY Buys Rolling Have a trade floating open on EJ currently I'd like to explain why I took this trade I have 5 questions I needed to get answered, they are as follows Question 1 - Is EURJPY in momentum (bullish or bearish)? Question 2 - Who is interested (at this time)? Question 3 - Where are their stop losses? Question 4 - Have those stop losses been taken out? Question 5 - Does the set up make sense to me to pursue? So let's answer those questions Q1 - Ej is in bullish momentum (confirmation on the higher timefram) Q2 - Buyers would have been interested above this level (orange zone) Q3 - Buyers stop losses would have been below the zone (orange line) Q4 - Buyers stops may have been taken out with that recent spike low Q5 - Yes, I do think it makes sense for me to attempt to pursue a trade on this asset So far it is just about 20 pips in profit, but with a 10 pip stop loss this trade literally just needs to go about 50 pips or so to give me a 1:5+ Upvote if you agree with my reasoning OR Downvote if you didn't read and didn't attempt to understand my reasoning Look at Ej for yourself to see if you think buys would have made sense to you here
Long
by Brandon_evo4
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUYED VERY FAST IN THE PREVIOUS WEEKS WITH JPY WEAK AFTER THE INTERVENTION. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK. EURJPY can be SELL at 143.195 level before BUY. After that you can BUY at 151.00 LEVEL. Anyway, if MAIN STRUCTURES BREAK, EURJPY price can definitely BUY at 151 LEVEL.
by benny_marshall