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EUR/JPY Mini

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EURJPY.100.MINI trade ideas

EURJPY Poised to Resume Upward Movement After Small CorrectionEURJPY Poised to Resume Upward Movement After Small Correction At the start of the new week, all JPY pairs increased significantly. The bullish wave was triggered by the Liberal Democratic Party (LDP) of Japan losing its outright majority in the lower house for the first time in 15 years. Voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy. Technical Analysis: On the 60-minute chart, the price broke out aggressively during the night, reaching 166.07. So far, it appears to be a normal correction, and the bullish wave may resume soon, with EURJPY potentially rising further to 166.40 and 167.40, as indicated on the chart. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
7
EURJPY - Whatch Resistance#trading_idea 💡 🇪🇺🇯🇵 #EURJPY - Whatch Resistance On the 4H chart, an ascending triangle pattern is forming. The price is testing resistance at 165.96. MACD points to a possible correction downwards while Bulls & Bears indicator shows the power of bears. 🔼 If buyers have enough strength to break the resistance 165.96, the price will most likely rise to 166.632. 🔽 If the sellers' pressure continues, the most likely scenarios are reaching local support levels 165 or lower. 🔷 React with "👍" if you foresee the price growth and "👎" if you believe it will decrease ➡️➡️ TRY SABIOTRADE NOW
Long
by sabiotrade
EUR/JPY Weakness Post BOJ Comments - Further Direction?Governor Ueda was on the wires last night with variance comments supporting a slightly stronger Yen. Lots of caution was issued but overall seems that slight leaning to hikes/when they'll be has given a bit of a shift in sentiment. Unlikely BOJ will allow another series of devaluation and likely look for rate hikes to control currency rates VS major economies. Any shorts for me are higher up the FIB scale (and value scale). If no real follow through comes would not be surprising to see this occur.
by WillSebastian
Bearish drop?EUR/JPY is reacting off the resistance level which is a pullback resistance which is a pullback resistance and could drop from this level to our take profit. Entry: 166.49 Why we like it: There is a pullback resistance level. Stop loss: 168.03 Why we like it: There is a pullback resistance level. Take profit: 165.03 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR. The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth. If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term. Resistance levels: 166.06, 166 Support levels: 165.68, 165.14, 164.95 The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;) Regards R. Linda!
Long
by RLinda
4
EUR/JPYEUR/JPY Trade Plan (30th Oct 2024) 📉 Current Market Overview: EUR/JPY remains in an uptrend as investors capitalize on higher Eurozone interest rates compared to Japan's, which keeps the yen weaker. With the pair approaching a key resistance level, here’s a detailed trade plan to consider. Trade Setup: 1. Entry Point: - Enter a Buy (Long) Position** at 165.50 - Alternatively, if there's a pullback, consider entering near the support at 165.00. 2. Stop-Loss: - Place a Stop-Loss at 164.50 to protect against a potential downside move, just below recent support levels. 3. Target (Take-Profit): - Set your **Take-Profit target at 170.00, aligning with the next resistance level and current uptrend momentum. Rationale: - Trend: The EUR/JPY has strong bullish momentum, with price trading above key EMAs (10, 50, and 200-day), indicating continued upward potential. - Indicators: RSI suggests overbought conditions, but the overall trend remains intact. 💬 Summary: This trade plan capitalizes on EUR/JPY's bullish trend while managing downside risk. A break above resistance could bring significant gains. Use caution and adjust according to market movements. *Disclaimer*: This plan is for educational purposes. Consult with financial experts before trading.
Long
by azizy73
EurJpy Trade UpdateI posted a EJ set up for long opportunities yesterday. Price ended up playing out to the T ! If you took the set up than your targets should've been smacked ! Price ended up breaking from the area I was currently looking at before getting the retest I wanted. Patience paid here ! I didn't take the set up since I was in NU shorts but EJ longs are still possible if price decides to break above and retest. If not then I would personally wait for price to come back down to the support before looking for any long opportunities.
Long
by OfficialJ23
EURJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
EURJPY BUY? 2nd Chance SaloonA bullish trend in EUR/JPY indicates that the euro is strengthening against the yen. This movement can be influenced by several factors: Economic Data: Positive economic indicators from the Eurozone, such as GDP growth or strong employment figures, can boost the euro. Interest Rate Differentials: If the European Central Bank (ECB) signals potential rate hikes while the Bank of Japan (BoJ) maintains its low rates, it can lead to a stronger euro against the yen. Market Sentiment: Increased risk appetite among investors may lead them to favor the euro, especially if they perceive the Eurozone economy as more stable or growing compared to Japan. Geopolitical Factors: Any political or economic developments in Japan that create uncertainty could weaken the yen, further supporting a bullish EUR/JPY trend.
Long
by Marshall_Wick