LONG EURJPY 1HR@162.704. >= 20 pips. Use your own risk assessment. I warrant that the information created and published by me on TradingView is not prohibited, doesn't constitute investment advice, and isn't created solely for qualified investors.
EURJPY trade ideas
BUY EURJPYHad a bullish engulfing weekly candle last week so marked off the previous weekly candle with the fib retracement low to high we have had a retracement to the 0.62 fib level that lined up with an order block on the 1h candle and so I took the entry on the rejection from the order block and am targeting the previous weeks high.
EURJPY - 1 hr ( Buy Trade Target Range 180 PIP ) The EUR/JPY currency pair, analyzed on a 1-hour chart with a large scale, presents a bullish outlook following a breakout at the key level of 162.000. This level is significant, as a breakout accompanied by high trading volume indicates strong buying interest and potential upward momentum. Traders should monitor this key level closely, as maintaining price action above 162.000 could signal further gains in the EUR/JPY pair.
☑️ Pair Name : EUR/JPY
Time Frame : 1hrs Chart / Close
Scale Type : Large Scale
Best Break Our / Key level's 1hr Tf
☑Bullish After Break Out key level + High Volume / 162.000 Point
Pullback with a bounce off to the upsideEuro Yen broke off a bullish flag and is now trying to sustain it's upward momentum. Price action may drop to retest this channel or the break off point at 162.137 and if it remains above it, the pair will likely continue it's upward pressure targeting established resistance barriers.
EURJPY BEARISH FOR 100PIPS, 20PIP STOPechnical Analysis:
Resistance Levels: If EUR/JPY is currently near a significant resistance level, a reversal to the downside could be likely.
Trend Indicators: Look for confirmation from moving averages (like the 50 and 200 MA) showing a bearish crossover, or if the RSI (Relative Strength Index) is overbought and signaling a potential pullback.
Price Action: If there’s a bearish candlestick pattern like a shooting star or engulfing pattern forming at a resistance point, it could signal a short-term reversal.
Fundamental Factors:
A shift in Eurozone or Japan economic data (such as weak Eurozone growth or hawkish Bank of Japan statements) could provide further downside pressure on EUR/JPY.
Geopolitical tensions or broader risk-off sentiment could also boost JPY strength as a safe haven.
Key Levels: If EUR/JPY is at, say, 155.00 and you're targeting a 100-pip bearish move, the first target would be around 154.00. Watch for any support levels and trendlines around this point.
EURJPY 2H AnalysisThe pair continues its bullish trend after breaking key resistance zones and flipping them into support.
🔹 Key Observations:
Strong momentum pushing price upward.
Demand zones holding well, suggesting buyers are in control.
Expecting a retracement to the marked support area before continuation to the next resistance zone near 166.500.
📈 Bias: Bullish.
What do you think of this setup? Drop your analysis below! 👇
#ForexTrading #EURJPY #TechnicalAnalysis #TradingSetups #PriceAction #ForexTrader
EUR/JPY Tests Key Resistance: Breakout or Pullback?EUR/JPY Analysis
Key Resistance Zone:
The price is currently testing a key resistance zone near the 164 level, which has previously acted as a strong barrier. A successful breakout above this zone could signal further bullish momentum.
Rising Trendline Support:
The price has consistently found strong support from the ascending trendline, confirming the overall bullish structure of the market.
EURJPY: Zones and a trading scenarioHello Traders,
As it's clearly visible in the chart we might have some fluctuation in between the zones. so in case of breaking below the bullish channel we'll take a short trade.
we could set 2 TPs for out possible trade.
If the price goes over 164.00 our analysis would be invalid.
Lingrid | EURJPY test of the MAJOR Resistance ZONE. LongFX:EURJPY market has broken through the resistance zone and is now moving toward the main resistance level. Overall, the market is currently in a range zone on the daily timeframe, with the price updating its swing highs at resistance and forming a distinct range. The market recently bounced off the support level and the trendline that had kept the price below for the week. I anticipate a price expansion from the support level, followed by a retest of the key resistance zone. My goal is resistance zone around 164.000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURJPY: 1D MACD Bullish Cross confirming uptrend.EURJPY is neutral on its 1D technical outlook (RSI = 52.622, MACD = 0.070, ADX = 26.202) and with the formation of a Bullish Cross on the 1D MACD, this shows the enormous upside potential the price has inside the 5 month Bullish Megaphone. We expect a quick rise to the 1.382 Fibonacci extension (TP = 168.000).
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EURJPY Will Collapse! SELL!
My dear friends,
Please, find my technical outlook for EURJPY below:
The instrument tests an important psychological level 162.62
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 161.30
Recommended Stop Loss - 163.32
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
