EURJPY TRADE IDEA After seeing EURJPY close bullidh from yesterday and breaking the 4hr structural resistance and trendline resistance with a closure above 172.500, we could be looking at price pushing to the upside
EURJPY trade ideas
EURJPY ANALYSISSeeing how the weekly momentum closed bearish last week and the 4HR structure pushing to the downside we could expect to see a push to the downside for the early part of this week, with areas of confluences listed in the video
Bullish rise?EUR/JPY has just bounced off the support level which is an overlap support and could potentially rise from this level to our take profit.
Entry: 171.81
Why we like it:
There is an overlap support level.
Stop loss: 170.91
Why we like it:
There is a pullback support that lines up with the 127.2% Fibonacci extension.
Take profit: 173.24
Why we like it:
There is an overlap resistance level which lines up with the 50% Fibonacci retracement.
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EUR JPY options Interesting situation with this pair as I am predominately looking for longs, but because there was two interventions by the Japanese it makes a taking any JPY crosses difficult to predict, and even if it does set up there is a good chance of getting taken out. So I am not sure weather to look for buys or sells.
However from a technical point of view I would await a break out of either the daily support of 171.479 for the short entry or a break of 173.479. I always wait for a close of at least the 30m candle for confirmation
EURJPY: Long Trade Explained
EURJPY
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry - 172.15
Stop - 171.07
Take - 173.88
Our Risk - 1%
Start protection of your profits from lower levels
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EURJPY - Buy the dip? Are we going to pull back or just continue? Based on the charts and fundamentals we could have a small pullback but at the same time remain bullish. The Yen keeps getting hammered and will continue to go down. Only the BOJ can save the Yen but will this even be enough? We will see.
Technicals
→ We are in an up sloping channel which we respect since beginning of '24
→ We are at a resistance on that channel.
Fundamentals
→ Last time BOJ intervened was in April '24. Even after being added as a currency manipulator watchlist from the US they will inevitably keep intervening. They simply have no choice!
→ Interest rate is still low in Japan and that will keep investors from investing in the Yen.
→ Outlook on DXY is neutral to slightly bullish in the short term but the main trajectory of volatility is the Yen not the USD.
Trade
→ Buy the dips in key areas and for intraday traders any direction is possible.
Your trading friend,
Simba Trades
EURJPY Starting down side ??
1. Maga Flat Structure A B finished and will start C
posible down trend to 38.2 level as Irregular failure Flat.
2. Pull back after reach resistant of Parallel Channel.
Good luck trader !!!
EUR-JPY Long From Support! Buy!
Hello,Traders!
EUR-JPY went down
Sharply just as all the
Yen pairs did, but the
Pair will soon retest a
Key horizontal support
Level of 171.500 from
Where a bullish rebound
Is to be expected
Buy!
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Check out other forecasts below too!
EURJPY Weekly Analysis and OutlookEURJPY Weekly Analysis and Outlook
Following a significant correction as forecasted in our previous analysis, the EURJPY pair is now poised for a continuation of its upward move. Traders should prepare for potential bullish opportunities as the pair resumes its positive momentum.
Current Market Overview:
The EURJPY has undergone a deep correction, bringing it to a more favorable level for buyers. This pullback has allowed the pair to gather strength, and recent price action suggests a shift towards renewed bullish sentiment. As the pair stabilizes and starts to climb, traders are monitoring for signs of continued upward movement.
Expectations and Potential Scenarios:
With the EURJPY set to continue its upward trajectory, several scenarios could unfold:
Primary Expectation:
Bullish Continuation: Following the deep correction, the EURJPY is expected to resume its upward move. This continuation could lead to higher price levels, offering traders opportunities to capitalize on the bullish trend. In this scenario, the pair might target previous highs and potentially move beyond, reinforcing the positive outlook.
Alternative Scenario:
Temporary Pullback: If the EURJPY encounters minor resistance and experiences a temporary pullback, traders should view this as an opportunity to reassess and look for entry points at lower levels. This minor correction could provide a better position before the upward trend resumes. Monitoring the price action closely will be crucial to anticipate this scenario.
Conclusion:
In summary, the EURJPY pair is positioned for further upward movement following a deep correction. Traders should watch for continued bullish momentum, which could signal continued gains and a shift to a positive trend. Keeping an eye on both bullish continuation and temporary pullback scenarios will be essential for effective trading strategies. Stay updated with market developments and adjust your positions accordingly.
By Piptera Digital Solutions,
Invest Wisely!
EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are now examining the EUR/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 174.423 level.
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EURJPY BUY ANAYSIS Here on EURJPY price has made a rebound around level of 172.990 and now want to continue it uptrend so it expected to go LONG
EURJPYWe see there is BOS in a weekly TF
There is Low
There is High.
In H4, we see a mommentum candle creating a Choch
No, we see a pull-back move
If the price will pull to the premium level wand show sell comfirmation
we shall dive in with some drops
EURJPY TRADE IDEA After seeing the market close really bearish from the CPI news release we could expect price to continue to the downside and seeing confirmations like the crossover of the EMA and break of the 4HR structure.
Could EUR/JPY reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support.
Pivot: 173.65
1st Support: 171.82
1st Resistance: 174.53
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EURJPY BUY TARGET 180After Soft USD CPI Print the drop was essentially just news related now price is gonna head back up so buy the dip,BOJ will intervene after 2 weeks in the last days as their will be a meeting at the month end.
Trade Signal: EURJPY - SELLDear Traders,
We have identified a promising trade opportunity on the EURJPY currency pair using our advanced EASY Quantum Ai strategy. Below are the details for your consideration:
Direction: Sell
Enter Price: 174.238
Take Profit: 173.80133333
Stop Loss: 174.58533333
Reasoning:
1. Technical Indicators: Our proprietary algorithm has identified a bearish trend supported by multiple technical indicators including moving averages, MACD, and RSI. This alignment suggests a continuation of the downward movement.
2. Market Sentiment: Current market sentiment points towards strengthening of the Japanese Yen due to recent economic data releases from Japan, indicating robust economic conditions and increased investor confidence.
3. Geopolitical Factors: Recent geopolitical events have favored safe-haven currencies such as JPY, adding downward pressure on the EURJPY pair.
4. Volume Analysis: A significant increase in selling volume has been observed at the identified entry level, confirming the bearish outlook provided by our strategy.
Please ensure proper risk management and closely monitor your trades as market conditions can change rapidly.
Trade safely and profitably!
Best regards,
Your Trading Team
Sell IdeaEUR/JPY Sell Analysis
Trade Idea: Sell EUR/JPY
Entry: 176.300
Take Profit: Up to 169.300
Rationale:
Technical Analysis: EUR/JPY has encountered significant resistance near the 176.300 level, suggesting a potential reversal.
Bearish Momentum: Recent price action indicates a decline from recent highs, indicating possible downside continuation.
Long-Term Perspective: This trade aligns with a broader bearish 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 ANALYSIS After seeing the daily candle close bullish confirming a buying momentum and the structure on the 4hr timeframe is currently in a bullish type setup.
EURJPY Trend Continuation Long TradeEURJPY Trend Continuation Long Trade
1. Weekly Uptrend
2. Nice momentum bullish candles
3. Price above 20,50 and 200 MA
4. Trend Following indicator confirmation
5. BUY/SELL Indicator confirmation
6. 2% Risk, 2 x 1%
7. Stop Loss 2 x Daily ATR
8. Closing second trade at opposite signal/break of structure/big reverse candle
EUR/JPY Poised for Trend Continuation: Breakout ImminentThe EUR/JPY pair has shown strong bullish momentum and has already broken out of the recent inside days. The pair continues to respect the ascending trendline and has moved above previous resistance levels. Traders should monitor the potential for further upward movement while practicing proper risk management, with a stop-loss placed below the recent support. Stay tuned for updates as we track the progress and potential targets for this breakout.
EURJPYConfluence of the harmonic pattern for the daily crab pattern and the one-hour deep crab pattern. As the market is extremely high, look for sell opportunities.
ABCDE weekly EURJPY - with manual Fibonacci projectionI used trend based Fibonacci extension to draw from high of wave A to low of wave A, then placed the 100% level at end of wave E. I'm thinking the 0% target may be reached and then I'm going to short - but I figure this will top out in a couple of weeks at 189.259 (0% level or technically 100% or sooner - RSI is right at 70). Thoughts? Especially on how I could've done this better?
