EURJPY ANALYSIS AND TIPS ON HOW TO ENTER A POSITIONSeeing that EURJPY closed really bullish yesterday and the 4hr and 1hr timeframes still have bullish type structure we could continue the buying momentum to the upside Long06:28by Technicalrayner223
EUR/JPY Bullish Channel Play: Targets and Key LevelsIn this technical analysis of EUR/JPY, we observe a consistent upward trend within a rising channel, offering a bullish outlook for potential trades. Currently, the pair is navigating towards the upper channel line, suggesting a target of 172. Traders should consider entering long positions on pullbacks towards the mid-channel, with a stop-loss slightly below 168 to protect against potential trend reversals. However, it’s crucial to stay vigilant as a break below the 168 support could invalidate the bullish scenario and trigger a bearish reversal. In such a case, traders might want to switch to a selling strategy, targeting lower support levels.Longby GlobalMarketGuruUpdated 2
EUR_JPY BULLISH BREAKOUT|LONG| ✅EUR_JPY is trading in an Uptrend and now we are seeing A strong bullish breakout of The key horizontal level of 171.500 Which reinforces our bullish biased And makes us expect a further Bullish continuation LONG🚀 ✅Like and subscribe to never miss a new idea!✅Longby ProSignalsFx221
EUR/JPY Gains Momentum During Asian Session, Bullish ImpulseThe EUR/JPY cross attracted buying interest during the Asian session on Tuesday, signaling the start of a fresh bullish impulse. The Bank of Japan (BoJ) decided to leave interest rates unchanged at the conclusion of its June policy meeting and did not provide any indications about the timing of the next rate increase. Additionally, the central bank might have disappointed some market participants who were anticipating an announcement regarding a potential reduction in the monthly bond purchases. This decision, combined with a generally positive risk tone in the market, has undermined the safe-haven appeal of the Japanese Yen (JPY), providing a substantial lift to the EUR/JPY cross. Given these developments, we are looking for a bullish setup in the EUR/JPY pair. The current market conditions, driven by the BoJ's stance and the favorable risk sentiment, suggest a potential continuation of the upward momentum for the EUR/JPY cross. Traders should watch for further bullish signals to confirm this trend and capitalize on the opportunity for gains.Longby FOREXN1Updated 101012
Intervention or not, euro-yen might still slow downThe euro has made gains against the yen in June, with the Japanese currency losing out across the board over the last several months as the Bank of Japan (‘the BoJ’) has been more cautious than expected in starting to tighten policy. Fresh verbal interventions by the government of Japan continue but so far haven’t had a significant impact on markets. The current area just below ¥172 is the EURJPY’s highest price since the introduction of the euro in 2002, so it’s difficult to project the next possible resistance apart from psychological areas. It’s also questionable whether gains will continue at this pace due to a clear overbought signal from the slow stochastic and the lack of any significant retracement since May. Many traders are expecting a material intervention – i.e. not just more headlines saying ‘we’ll do something when we need to’ – by the BoJ within the next few weeks. If this occurs, which is not guaranteed, there might be a similar situation to late April and early May when volatility massively increased around the BoJ’s meeting. The 50 SMA from Bands seems to be a strong dynamic support given that it’s been tested unsuccessfully four times since 12 April. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.by Michael_Stark_Exness0
Quick EURJPY Sell TradeI’ve just initiated a sell trade for EURJPY, targeting the 171.58310 level. The price has been moving sideways recently, but it looks like we might see a dip soon. Based on my analysis and market behavior patterns, I’m expecting a drop towards 171.58310. The price will likely fluctuate a bit on the way down, but the general trend should be bearish. I’m looking at a short-term timeframe here, so we should see this hit in the next few hours. Max 2 days. Shortby GlobalHornsUpdated 4
EURJPY: To The New Highs 🇪🇺🇯🇵 EURJPY broke and closed above a key daily resistance. Retesting the broken structure, the price formed a double bottom formation on that and violated its neckline then. That confirms a strong bullish sentiment on the market. The price will most likely rearch 172.0 level soon. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader117
EURJPY On a very aggressive Bullish Leg.The EURJPY pair is extending the rise since the December 04 2023 Low, which was a Higher Low on the 27-month Channel Up. Technically, we are half-way on the new Bullish Leg of the pattern and as you can see the 1W MA50 (blue trend-line) has been the ultimate Support since its start. The previous 2 Bullish Legs have rose by at least +19.30%, so we expect a similar development. Our Target is at 180.000 (marginally below the +19.30% mark). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot6
EURJPY LONG IDEAAfter a bullish closure on EURJPY yesterday we can see the 4hr made a new HH after breaking above 171.250, we could see a potential HL at the confluence areas listed in the video Long03:38by Technicalrayner2
EURJPY Trading Journal Analysis EURJPY Trading Journal Analysis Summary of what I learned. In Asia Price rallies to the 2 deviation line taking out short term buy stops. Tipping its hand it would seek lower prices to the noted sell stops and highlighted 15FVG I noted. London Kill zone Price declined to hit a big figure number 170.900 creating the London low. Price comes up through the 15 FVG to rebalance. At 3:50 candle Price took short term buy stops and created a FVG. With the buy stops taken in Asia the sell stops in London and the only clear liquidity left was the buy stop I did not trust what I was reading in price due to learning a new tool and incorporating all the technical info I have swimming in my head. I m not sure would have survived the 9:05 candles range as it may have knocked out my stop loss. Learning price sensitivities to watch for the mean threshold of the FVG 50% line that the 9:05 candle came into. Note for future that the stop loss should be placed with these things in mind. Defiantly a great trade to analysis and learn from. by LParnell0
EURJPY Is Bearish! Sell! Please, check our technical outlook for EURJPY. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 171.067. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 169.737 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Shortby SignalProvider114
EURJPY 1H Short Trade - 1:6 RRRPair: EURJPY Action: Sell RRR: 1:6 SL: 171.477 TP: 166.808 Indicators: EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.Shortby panjikadar5
EURJPY FOR BEARISHLooking forward to this structure. Setup invalid if invalidation level broken. Trade with your own risk.Shortby ewtradersbhUpdated 229
EURJPY LONG ANALYSIS AND DISSONANCE EURJPY closed with bearish momentum on the daily yesterday after rejecting 171.250 and a HL could form on the 4hr and continue a new bullish move if price trades above the areas listed in the video.Long06:30by Technicalrayner5
Pullback: EURJPY Short Using My RSAI Blueprint StrategyIn this video, I'll be discussing a potential short position on EURJPY using my effective RSAI Blueprint strategy. This trade aims for a 100 pip gain during a pullback before EURJPY resumes its upward trend, showcasing the strategy's precision in capturing short-term opportunities within larger movements. I’ll walk you through my analysis and the factors influencing my decision to short EURJPY. You'll see how the RSAI Blueprint strategy identifies key indicators that signal profitable pullback trades. Join me as I break down the specifics of this potential trade, demonstrating how the RSAI Blueprint strategy can consistently capture winning trades even during market pullbacks. Don't forget to like, comment, and subscribe for more insights and updates on profitable trading strategies.Short02:05by TruthakaWallStreetakaCookie0
EUR-JPY Local Bullish Bias! Buy! Hello,Traders! EUR-JPY is trading in an Uptrend and the pair Already made a bullish Rebound from the horizontal Support of 170.730 and as We are bullish biased we Will be expecting a further Bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals336
EURJPY SHORT - Long the strong, short the weak.Hi all, This week I am sharing my play on EURJPY. With JPYBASKET showing both accumulation and some weakness (another liquidity grab today), with Japan Bank saying - increasing interest rates is an option now, with strong long positions on JPY by commercial banks and short positions advantage on EUR, the EURJPY pair is my safest pair to trade this week. I am both managing a major short there and scalping the range to the downside. I am expecting return to 168.1 - 168.2 area at minimum! Good luck and play safe! Shortby AdiVVUpdated 2
EURJPY: Short Signal Explained EURJPY - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short EURJPY Entry Point - 170.82 Stop Loss - 171.51 Take Profit - 169.73 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals114
EUR/JPY SELLThe short-term outlook for the EUR/JPY currency pair is positive, although the overbought technical condition may indicate a correction. Fundamental factors such as ECB and BOJ policy and economic data continue to have a significant impact on the exchange rate. It is worth keeping an eye on the upcoming ECB and BOJ decisions, as well as global economic news that may affect the exchange rate. The support level shown in the picture is the ATH level. I'm waiting for a boost now.Shortby xMoranTomx225
EUR/JPY may fall 57 - 85 pipsOur pivot point is at 171.61. Our preference The downside prevails as long as 171.61 is resistance. Alternative scenario The upside breakout of 171.61, would call for 172.09 and 172.37. Comment The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 171.16 and 171.22). Supports and resistances 172.37 ** 172.09 * 171.61 ** 171.42 171.13 last 170.56 170.28 ** 169.99 * 169.71 ** Number of asterisks represents the strength of support and resistance levels.Shortby Daniel_Thompson4
EURJPYThe trend of this asset is clearly bullish, so this trade needs to use small lots. If during monday the pair has not gone a little higher to pick the sell order I´ll remove it. Blessings. thks. Shortby SGsauragestionUpdated 8
EURJPY ANALYSISEURJPY closed at 171.250 yesterday and the 4hr made a HH and the pair is currently in a retracement and we could expect a HL to form in the confluence area listed in the video Long03:21by Technicalrayner337