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EURJPY trade ideas

EURJPY Resistance Breakout Spotted At 170.004 06.06.2024- Resistance breakout spotted at 170.004 on EURJPY's 1-hour chart. - If breakout holds, potential rise to 170.569. - Break above 170.569 could lead to further gains towards 171.286. - Conversely, if breakout fails, potential drop to 169.569. - Break below 169.569 may trigger further decline to 169.212. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
Long
by Stuart_Cowell
EURJPY H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 169.89, an overlap resistance close to the 78.6% Fibonacci retracement. Our take profit will be at 167.40, an overlap support. The stop loss will be placed at 171.58, which is a swing-high resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
EURJPYThe current technical analysis for the EUR/JPY currency pair presents a bit of a mixed bag, indicating some uncertainty in the market. Here's a breakdown of what the indicators are showing: Oscillators: These indicators are sitting in neutral territory, not leaning towards a clear buy or sell signal at the moment. Moving Averages: Similarly, the moving averages are also showing a neutral stance. This suggests that the price could swing in either direction, leaving traders to wait for more decisive signals. You can see more on this link. Pivot Points: While pivot points are usually used to identify potential support and resistance levels, unfortunately, the current data available doesn't specify these points. Remember, technical analysis is just one piece of the puzzle when it comes to trading decisions. It's wise to consult multiple sources and indicators before making any moves. Always keep in mind that what happened in the past doesn't necessarily predict the future, and forex trading carries inherent risks.
Long
by TFXBR
EUR/JPY looks ready to ripThe ECB are expected to cut their benchmark rate for the first time in 8 years in a few hours. Yet as it has been so well telegraphed and they seem unlikely to provide promise of further cuts just yet, we suspect upside potential for euro pairs once the dust has settled. And with Wall Street at new highs and appetite for risk on the rise, EUR/JPY looks good for long setups. A bullish inside day formed on Wednesday, and whilst it met resistance at the 2008 high it has since found support at the 20-day EMA. The daily chart shows prices holding above the daily pivot point, and a bullish engulfing candle has formed with a bullish RSI divergence. A bullish flag also appears to be forming. The bias remains bullish above 169, although the 20-day EMA or cycle lows can be used to aid with risk management if momentum turns higher. A break above 170 brings the daily R2 / 61.8% projection into focus, and the flag suggests a target just above the 170.72 highs.
Long
by CityIndex
EURJPY 5 Waves Impulsive Elliott Wave Rally Favors UpsideShort Term Elliott Wave in EURJPY suggests rally from 5.3.2024 is unfolding as a 5 waves impulse. Up from 5.3.2024 low, wave 1 ended at 170.798. Dips in wave 2 took the form of an expanded Flat Elliott Wave structure. Down from wave 1, wave (a) ended at 170.15 and wave (b) ended at 170.75. Wave (c) lower ended at 169.05 which completed wave ((a)) in higher degree. Up from there, wave ((b)) ended at 170.89 with internal subdivision as a zigzag. Final leg wave ((c)) lower ended at 167.93 in the form of an impulse. This also ended wave 2 pullback in higher degree. Pair has started to turn higher in wave 3. Shor Term rally from wave 2 low looks to be a clear 5 waves impulsive structure, favoring further upside. Up from wave 2, wave (i) ended at 168.65 and pullback in wave (ii) ended at 168.21. Wave (iii) higher ended at 170, dips in wave (iv) ended at 169.5, and final leg wave (v) ended at 170 which completed wave ((i)). Near term, as far as it stays above 167.93, expect wave ((ii)) pullback to find support in 3, 7, or 11 swing for further upside.
by Elliottwave-Forecast
1
EURJPY to remain mixed and volatile?EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. We are trading at overbought extremes. Indecisive price action has resulted in sideways congestion on the intraday chart. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. We look to Sell at 169.95 (stop at 170.55) Our profit targets will be 168.45 and 168.15 Resistance: 171.20 / 175.50 / 178.55 Support: 167.35 / 164.30 / 161.90 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the pivot point which has been identified as an overlap resistance and could reverse to the 1st support. Pivot: 169.45 1st Support: 167.39 1st Resistance: 170.82 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EUR/JPY Technical Analysis: Identifying Bearish OpportunitiesThe EUR/JPY presents a compelling price action scenario with notable opportunities. Recently, the pair encountered strong absorption at the 171.500 level, evidenced by a significant spike indicating substantial seller presence in this price area. This absorption led to a pronounced bearish impulse driving the price down to the 164.000 level. Since then, the price has been on a recovery trajectory, creating an area of imbalance that the market may seek to revisit for potential retests of previous price levels. In addition to these observations, technical analysis reveals a divergence on the RSI, which suggests a potential double top formation. This divergence indicates weakening bullish momentum, strengthening the case for a bearish outlook. Given these conditions, we have positioned our stop loss at 171.000 to protect against any attempts by the price to retest higher absorption levels above the current range. This strategic setup highlights a promising bearish opportunity, supported by the significant absorption at the 171.500 level, the initial bearish impulse around 164.000, and the divergence observed on the RSI. Traders should closely monitor these technical indicators and price levels to capitalize on potential market movements. This analysis underscores the importance of vigilance in managing positions and adjusting strategies as the market evolves.
Short
by FOREXN1
6
EURJPY My Opinion! BUY! My dear subscribers, My technical analysis for EURJPY is below: The price is coiling around a solid key level - 169.80 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 170.35 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1