EURJPY - Bullish TrendEURJPY has started making higher high & higher lows.
Before moving in advancing phase, price has formed bullish divergence & Inverse head & shoulders pattern.
This further indicates buyers are in control.
EURJPY trade ideas
EUR-JPY Bullish Bias! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair is
Making a rebound from
The rising support so
We are bullish biased
And we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are targeting the 172.379 level area with our short trade on EUR/JPY which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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EURJPY - Bullish Continuation - Daily Fib 0.618 - 0.786 OANDA:EURJPY is looking set to continue the bullish trend on daily timeframe after retracing between Daily 0.618 - 0.786 fib levels. Price is also currently trading at support trend line! Expecting the bullish trend to continue!
EURJPYEURJPY is in bearish trend, as price making lower low and higher lows, there is a divergence on RSI, retracement is possible, trade plan mentioned on the chart.
EURJPY Shooort!This price has been on its bearish momentum since it hit its ATH at 175. Considering that I use chart patterns to trade, I will use a fibo chart to analyse the events going on in there, since the movement has been too volatile and the trends are too steep to make any chart pattern.
Let us wait for the price to hit the 0.5 fibo area, and we can make an entry position from there, based on the candle stick that will close on that area.
EUR/JPY BUY NOWAs you can see the price allready is on the same dynamic support again and the price have reacted to that more than 5 times for a long time, looking for buys for the day traders like me looking for a 1:2 RR and so secure of this position begining of how the market looks in the way the past reactions ocurred in th kind of same way.
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 172.01
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 173.15
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Take profit: 170.30
Why we like it:
There is an overlap support level.
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EURJPY ANALYSISAfter seeing the market close really bearish yesterday on EURJPY and reaching into 170.000 monthly area of support.
Eurjpy good risk to reward / trend Do not follow my trading advice.
here is my plan
If price gets under 169 and stays there I will short this and look for a long from the
163-164 area
for now.
im looking for a long entry in the 169.xx area
looking for a good confirmation candle that the yen sells back off.
but if you look at the JPY basket it self. It may have a little more to go.
its very hard to say. I am very bad with the yen.
this is the trade tho!
EURJPY: Simple Trade Plans UpdateAlike various JPY pairs, the lack of demand for the yen has caused it to weaken significantly over time.
This is because rates remain high across the board in other major economies. There is therefore, little reason to buy Yens when you have the opportunity to invest in currencies with a higher rate of return.
The only thing, realistically, that would bring down JPY pairs is a fast cycle of hiking from the BOJ OR Intervention. Traders already know lots of major economies are looking to ease (Canada, Eurozone, GB).
The BOJ is concerned mostly with the rate of decline/weakness, not necessarily the overall price at this point. Rising above the previous high this quickly may become concerning.
This warrants light shorts, with concise risk management. Buying now, at extreme highs, is never wise.
EURJPY - BuyThe EURJPY pair surprised everyone this morning with a sharp drop, wiping out potential buyers clustered around the key support level of 172.0 This unexpected move might leave some hesitant, but I see it as a buying opportunity.
Downward Correction, Not Reversal:
While the recent drop was significant, it's important to remember the bigger picture. The EURJPY has been trending upwards for a while now. This could be a healthy correction within the uptrend, shaking out weak hands before the climb resumes.
Key Support Still Holding (For Now):
The most encouraging sign is that the price found support around 17.75 and bounced back slightly. If this level holds, it reinforces the bullish trend.
Entry: 170.911
Stop: 170.502
Profit: 172.857
Good luck and always manage risk. I am risking 1% looking for 6%.
EURJPY - Short idea !! Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Price started to form lower lows and lower highs, so I look for short position. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 172.500.
Fundamental news: Tomorrow (GMT+3) we have Interest Rate on EUR, news with high impact on currency.
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Finally set up for the day on EURJPYEUR/JPY has shown considerable strength over the past few months, recently breaking an all-time high. However, I am now anticipating a downward move. Last week, on Thursday and Friday, I observed a significant reaction to the news release, which drove the price down. Since Monday, the price has been consolidating, and as of this morning, it has dropped further from its correction phase. Currently, the price action is forming a continuation flag pattern. Based on this analysis, I will place a pending order for this trade.
EURJPY: Long Signal Explained
EURJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry Level - 171.28
Sl - 170.31
Tp - 173.01
Our Risk - 1%
Start protection of your profits from lower levels
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EURJPY ANALYSIS AND TRADE OPPORTUNITYAfter seeing EURJPY close really bullish from the previous trading day and seeing price reject 172.500 we could expect an upward push on this pair and if you are seeing this video with the first 10mins of release you can still enter with me
Could EUR/JPY bounce from here?The price is falling towards the pivot which acts as an overlap support and could potentially bounce to the pullback resistance.
Pivot: 172.42
1st Support: 171.99
1st Resistance: 173.27
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EURJPY IDEA LONG POSITION analysis 1hr
Pair : EURJPY
Position : LONG ( BUY )
Entry 1 : 172.490 STOP LOSS @ 172.240 TP 1 @ 172.740 TP 2 @ 173.000
TP 3 @ 173.250 ( Trailing SL )
EURJPY Long on 4HEXY has been observed Bullish on 4H whereas JXY is observed Bearish on the same TF. Therefore we have established a Long bias on EURJPY.
Upon inspection of NYSE:H price chart of EURJPY, it has been printing HHs and HLs and started consolidating near recent HL. However, the pair is likely to resume the uptrend based on overall chart assesment.
It may also be observed that the recent HL has been printed in the Golden Pocket of 50-61.8% fib.
A long entry is planned on upward break of resistance level at 173.003-173.493. RRR of 1:1 is set. Entry, SL and TP have been proportionately marked on chart.
EURJPY POSSIBLE BUYThe market is currently reacting to the structure plus there's a reversal chart pattern forming on the 4HR TF. Possible to see buyers coming in should the current level hold
Let's see how this will unfold
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
EURJPY Trade Signal: Buy OpportunityTraders, we have identified a promising trade opportunity for the EURJPY currency pair. Below are the details of the trade:
Direction: Buy
Enter Price: 172.224
Take Profit: 172.66633333
Stop Loss: 171.66733333
This trade recommendation is based on comprehensive analysis and the use of the EASY Quantum Ai strategy. Several factors contribute to our bullish outlook on EURJPY:
1. Technical Analysis: Recent price actions indicate a bullish trend supported by strong moving average patterns. The pair has broken key resistance levels which now serve as strong support, suggesting further upward movement.
2. Economic Indicators: The eurozone's positive economic data, including a recent surge in retail sales and industrial production, supports euro strength. On the other hand, Japan’s economic indicators show stagnation, thus favoring a weaker yen.
3. Market Sentiment: Sentiment analysis tools show a predominance of bullish sentiment among traders and institutional investors. Increased risk appetite is boosting demand for higher-yielding currencies like the euro.
4. Algorithmic Confirmation: Our EASY Quantum Ai strategy consistently signals a buy opportunity, corroborated by multiple algorithmic indicators pointing toward the uptrend continuation.
Given these factors, we advise entering the buy position at 172.224 with a take profit level set at 172.66633333 and a stop loss at 171.66733333 to manage risk effectively.
Happy Trading!
Risk Disclaimer: Trading forex involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks before trading.
