EURJPY | Why It Could Go Straight Back Down..Yen pairs, amongst other assets have had a break within fear sentiment.
The question is, will it last?
EURJPY trade ideas
Continuation lower for EURJPY?Watch the EURJPY as it consolidates along the 160.30 resistance level
If the EURUSD forms the head & shoulder pattern and breaks lower, then look for the EURJPY to break the trendline
With downside potential to the key support level of 155.50
EURJPY SELL TARGET 140 | SWING TRADE |6 AUGUSTWe are entering at 159 on Tuesday Tokyo Session,Pair made retracement after mid New York Session yesterday opening a chance for yet another sell entryy,beware if our trade plan fail,we will try to enter again,as Nikkie has pledge more than 15% in last 2 week yet 6 % alone on last friday after NFP.
We will use ever retracement opportunity to open a sell position.
Long EUR/JPY as BOJ admits it can be bullied by markets Shinichi Uchida, Deputy Governor of the Bank of Japan (BOJ), says the bank won’t hike interest rates when markets are unstable, delivering a clear message on what traders need to do to prevent them doing so again: create volatility.
It’s an amazing statement, signalling the BOJ can and will be bullied by markets to avoid doing what is right for the Japanese economy. It’s an incredibly dovish admission, giving traders the green light to re-establish carry trades until the BOJ starts making noise about hiking rates again.
Looking at EUR/JPY, we may see a morning star pattern on the daily timeframe after Uchida’s unexpected remark. Should the pair establish a foothold above 160.30, consider buying above the level with a stop below for protection. The initial trade target is the 200DMA at 164.11. Good luck!
DS
EURJPY DAILY ANALYSISAfter seeing a bearish closure on the daily and a sell off from the previous day we could see EJ continue this move to the down side but at the same time we could see a retracement as well
Juicy longs for the Eur/JpyEuro looks set to reach new highs against the yen. Looking to stay long on this one for as the pair eyes 163.20, 164.8 ahead of NFP and other events. Eventually could make its way up to the 166.70 region if bulls keep bringin the steam.
EURJPY - ShortAfter the market mitigated in the POI I'm anticipating sells to the next POI and the overall market bias is BEARISH since a few months ago.
EURJPY Bearish BuildupThe pair EURJPY has fall under strong bearish pressure after it break below the support level of 158.8 after hitting a Resistance level at 160.26
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EURJPY: Strong Trend Following Signal 🇪🇺🇯🇵
EURJPY looks bearish again after a local correctional movement.
The price started to grow within a bearish flag pattern.
Its support was broken this morning.
With a high probability, the market will return to a bearish trend soon.
We can expect a bearish movement to 156.0 level.
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EURJPY DAILY ANALYSISAfter seeing that the daily candle closed really bearish and retraced from 155.000 and the 4hr also making
LL/LH we could expect this bearish move to continue to the downside
EURYEN Express to 155EURYEN for the first half of 2024 taken the stairs up from 155 -175. From mid July
this pair has stepped into an elevator that is on an express journey - 17 Candles and 1600 pips.
Where to ? The Demand Zone at 155 offers the natural target for this pair.
How Long ? IF the Momentum of Price Action does not abate, 4-6 candles and 400 pips.
EURJPY reached the 78% retracementAsian Session Update: EURJPY has reached the 78% retracement at the 158.00 level (few pips off) as the daily RSI remains very oversold. With the EURUSD breaking higher, shorts in the EURJPY should be cautious for a bounce.
EURJPY MONTHLY/WEEKLY ANALYSISAfter seeing a really aggressive push to the downside from the previous monthly and weekly candles. the selling could continue further into the month
eurjpy analysis elliot
. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
How To Catch/Understand Impending Forex Reversals | EURJPY TodayFor any Market to reverse its long term trajectory, you need to have a complete change in Market Mood / Sentiment.
This is becoming apparent on the EURJPY and other JPY pairs as prices/mood reverses.
A more hawkish JPY mixed with a more Dovish ECB, as well as other major economies may provide the means for a longer term reversal.
Potential for other measures incorped by the BOJ too.
LONG EURJPYEuy jpy percefectly making buliish divergence a Potential Reversal Zonze, we can enter the trade at the breakout of last LH, and put the their stoploss at last LL.
EURJPYLooking forward to this structure. Setup invalid if invalidation level broken. Trade with your own risk
EURJPYThis is a scenario which i have to say be careful what u wish for
i guess the carry trade is over and we have to move on
Long EURJPYeurjpy making bullsih diversion on 4h time frame, i open long position there after the confirmation of hammer on the bottom..WHat do you think guys
RR=1.55 Buy ideabullish crab pattern + strong RSI Divergence + breakout of a falling wedge followed by a pullback : Possible reversal scenariao
PS never risk more than 2% of your capital per trade
EUR/JPY Buy AnalysisEUR/JPY Buy Analysis
Trade Idea: Buy EUR/JPY
Entry: 161.200
Take Profit: Up to 171.400
Rationale:
Technical Analysis: EUR/JPY has encountered significant Support near the 159.00 level, suggesting a potential reversal.
Bullish Momentum: Recent price action indicates a decline from recent low, indicating possible Upside continuation.
Long-Term Perspective: This trade aligns with a broader Bullish outlook on EUR/JPY, considering fundamental and technical factors.
Risk Management: Implement a suitable stop-loss strategy to manage potential losses effectively, considering market volatility and your risk tolerance.
Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
EURJPY I It will grow to the upside Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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