Some key levels if it keeps going downHere are some monthly Ichimoku levels that might be supports for the price if it keeps going down :
158.298
157.860
157.093
EURJPY trade ideas
EURJPY Momentum To Continue Or Fade?Yen pairs across the board have seen upside movements mostly on a tentative BOJ. Potential hikes on the horizon but not immediate by any means.
Some moderate euro strength also feeding in to markets has supported further.
Plotted Short/Long zones (1) must be light.
EURJPY Rises Anticipating BOJ Interest Rate DecisionEURJPY Rises Anticipating BOJ Interest Rate Decision
After struggling for three days without any clear direction, EURJPY began another bullish wave today.
The market is anticipating the BOJ interest rate decision scheduled for Thursday, December 19.
Considering BOJ comments showing hesitation to increase rates during this meeting.
This is a strong reason why we see all the XXXJPY pairs today rising again.
EURJPY may continue to rise during the coming days up to 162 and 163
You may find more details in the chart!
Thank you and Good Luck!
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EURJPY ANALYSISA simple analysis on the pair with buy possibilities if the trend is up in a 30 minute time frame
GBP/AUD Short, CAD/CHF Long, NZD/JPY Short and EUR/JPY ShortGBP/AUD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
CAD/CHF Long
Minimum entry requirements:
• Corrective tap into area of value.
• 4H risk entry.
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short
Minimum entry requirements:
• Break above area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EURJPY BUY PROJECTION EURJPY moves likewise GBPJPY but slightly faster, just like GJ, price is in. Uptrend so we looking only for buy, we expect price to drop and then go long at the zone
EUR JPY Double Top (M) short for 1:1 RRI've spotted a nice double top forming at the top of an impulsive move. I will be looking to short this position once price breaks the neckline, targeting a 1:1 RR
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 162.300 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 162.300 support and resistance area.
Trade safe, Joe.
EUR/JPY Needs 1M PP Hold for UpsideHello,
FX:EURJPY is likely to see further upside, but the price must consistently hold above the 1M Pivot Point (PP) to confirm the upward trend.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/JPY right now from the resistance line above with the target of 160.038 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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EURJPY Updade Wave Analysis (neoWave - Elliott)New update eurjpy
Entry: 166.066
Stoploss: 162.952
Takeprofit: 155.610
Risk/Reward of this trade is about 3 comments
Do not risk more than 2-3% of total capital and stick to money management
This is a suggestion for further consideration
EURJPY What Next? SELL!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 161.26
Bias - Bearish
Safe Stop Loss - 162.54
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.06
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EurJpy- Swing idea- Where to sell for 1k+ pips and 1:4 R:R?EUR/JPY traded within a nearly perfect ascending channel from March 2022 to July 2024. This channel, a hallmark of the pair's bullish momentum, was decisively broken to the downside in the beginning of August.
After hitting an all-time high of 175 during the summer, the pair reversed sharply, dropping 2,000 pips and breaking below the channel's long-term support.
The 155-156 zone has since acted as a strong floor, leading to two significant bounces. However, each reversal has failed to breach the old channel support, now turned resistance.
Currently, the pair is in its third bounce from support zone
This time, it is likely to form a lower high compared to previous attempt. I’m eyeing a potential sell opportunity near the 162 zone, offering a compelling 1:4 risk-reward ratio and the potential for a move exceeding 1,000 pips, aligning with the broader bearish outlook.
TradeCityPro EURJPY Analysis Key Opportunities Ahead👋 Welcome to TradeCityPro Channel!
Let’s move beyond crypto and analyze the popular EUR/JPY currency pair from both fundamental and technical perspectives, preparing for potential triggers in the days ahead.
🌍 Fundamental Overview
Monetary Policy: The ECB’s hawkish stance strengthens the Euro, while the BoJ’s dovish policies weaken the Yen.
Economic Data: Eurozone GDP and inflation drive the Euro, while Japan's industrial performance and exports influence the Yen.
Risk Sentiment: The Yen gains during risk-off scenarios as a safe haven, while the Euro thrives on Eurozone stability.
Geopolitical Events: The Euro reacts to EU political shifts, while the Yen benefits from global tensions, such as those in the Middle East.
Yield Differentials: Higher bond yields in the Eurozone compared to Japan attract capital flows to the Euro.
Current dynamics show the Euro is stronger, but shifts in risk sentiment or changes in BoJ policy could favor the Yen.
🕒 4-Hour Time Frame
On the 4-hour timeframe, we’ve seen price rejection from the 166.63 resistance level, followed by a downward move. After breaking the descending trendline, the price retraced to the 50% Fibonacci level, creating potential setups:
📈 Long Position Trigger
After breaking the 159.849 level and Fibonacci resistance, a long entry is viable, targeting 162.104. An RSI breakout into overbought territory could add momentum.
📉 Short Position Trigger
If rejected at resistance and breaking below 159.331, a short position is possible, targeting 157.80 or the significant support at 155.119.
Stay alert for confirmations to act on these scenarios.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
EURJPY may be setting up for a range and a dropThere is obviously no guarantee that EURJPY will do exactly this. However, that is the wrong way to view this. It isn't whether it does what we want it to do. Rather, we observe and see what comes next. AND if what comes next develops as we theorize, then that confirms our reading of the chart, in which case, get ready for a nice short.
Long the EURJPYThe EJ has been seen heading towards the upside and doing so strongly I believe it will continue thus. However, I think price will hit the 159.44 price point before headed towards the 160.00s
USDJPY BULLISH MOMENTUM! TARGET ABOVE 163.2ECB rate cut and BOJ rate hike will not help this case
That's my guess.
Target above 163.2
EurJpy Trade IdeaWith EJ flipping structures after respecting a major support level below I've decided to take some longs. I'm personally looking for a 1:3rr on this set up. I've decided to do half risk with the holidays approaching and the new year being around the corner. We'll see how the set up plays out with bullish structures being in play.
EURJPYStill keeping my bearish sentiment on EURJPY.In the next post I will tell you why I came to this conclusion by labeling the chart for those who are new , to hear what other traders think.
First trade of the day.
