EURJPY | 17.01.2025BUY 160.050 | STOP 159.400 | TAKE 160.800 | On the chart, the instrument continues to move downwards; we expect short-term corrective growth from local support line to the area of 160.800.
EURJPY trade ideas
Triangle pattern We have a triangle pattern followed by a breakout and a deep pullback, now as the price is set to make a lower low, we can enter the market and place our stoploss at the 4hour 20MA
WE ONLY TRADE PULLBACKS
Long - EURJPYLooking for a strong rejection here from 160.0. Historic break point, a lot of pressure over the last week. Think both EURJPY and CHFJPY need to take a move up before anything else.
Why short EUR/JPY is my preferred setup for 2025The potential of a divergent theme between the ECB and BOJ alongside several price action clues suggest we could be looking at a decent bearish move for EUR/JPY this year.
Matt Simpson, Market Analyst at City Index and Forex.com
EURJPY H4 | Bullish Bounce offBased on the H4 chart, price is falling toward the buy entry at 159.27, which aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci projection. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 160.88, targeting a key resistance level, marking a logical exit point for the trade.
The stop loss is set at 157.73, below the 161.8% Fibonacci extension, providing room for price fluctuations while protecting against invalidation of the bullish bias.
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EURJPY Wave Analysis 16 January 2025
- EURJPY broke support zone
- Likely to fall to support level 158.00
EURJPY currency pair recently broke the support zone located between the key support level 160.200, (which has been reversing the pair from December) and the 50% Fibonacci correction of the upward ABC correction 2 from last month.
The breakout of this support zone accelerated the active short-term impulse wave iii of the higher impulse waves 3 and (3).
Given the strong bullish yen sentiment, EURJPY currency pair can be expected to fall to the next support level 158.00, the target price for the completion of the active impulse wave iii.
16-1 EURJPY: Here we have a clear downtrend that can still make steps for 1.72% towards 156.991. Our signal system gives an extra bearish Score of -9 consisting of Cot Data 2, Retail sentiment 0, Seasonality -1, Trend reading-2, GDP -1, Manufacturing PMI -2, Services PMI 0, Retail Sales -2, Inflation -1, Employment Change 0, Unemployment Rate 0, Interest Rates -2 We have entered a sell series starting at 159.761, the bottom of today's price.
EURJPY: Bullish Continuation & Long Trade
EURJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry Level - 160.51
Sl - 159.60
Tp - 162.26
Our Risk - 1%
Start protection of your profits from lower levels
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EURJPY Bearish Breakout!
HI,Traders !
EUR-JPY broke the rising
Support line and the breakout
Is confirmed So after the retest strong horizontal
Resistance is ahead at 162.291 we will so we are
Bearish biased and we Will be expecting a
Further move down !
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EUR/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the EUR/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 163.892 level.
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EURJPY: Bearish Signals Strengthen: EURJPY Under PressureEURJPY: Bearish Signals Strengthen: EURJPY Under Pressure
The uncertainty surrounding a potential BoJ rate hike might weigh on JPY pairs.
However, the sell-off observed across all XXJPY pairs suggests a different narrative. This could be attributed to behind-the-scenes actions by the BoJ that have not been made public.
All JPY pairs have been gradually releasing liquidity since the end of last week.
EURJPY has already broken down from a strong structural zone, confirming a double-top pattern. Following any minor correction, EURJPY is likely to continue its downward movement, with support zones at 159.60 and 157.30. We should expect price reactions near these areas.
You may find more details in the chart!
Thank you and Good Luck!
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EURJPY → The fall may continue after the correctionFX:EURJPY is under pressure. The currency pair is breaking the local uptrend. Technical and fundamental background is weak, which in general can put pressure on the market.
Globally, the currency pair has no trend and is trading within the range of 166 - 156. The last growth attempt was unsuccessful, the price could not approach the intermediate maximum and facing a strong bear the price turned around and fixing below the SMA headed to the lower boundary of the flat.
Locally, the change of character to bearish is confirmed, but before further fall the price may form a correction, for example, to 0.5 Fibo (imbalance zone), or to local zones of interest, but in the medium term the fall may continue.
Resistance levels: 162.3, 163.1
Support levels: 160.9, 159.8
A false breakdown of local support is formed, which may lead to correction, but since we have confirmation that the market is bearish, after the correction the fall may continue.
Regards R. Linda!
EURJPY-bias short pair has made double top formation from the resistance and trend line support is broken, MA 200 and 21 confluences to short position. It also forming head and shoulder in weekly time frame where the right shoulder can be formed in this week towards the price 156.42.
Shooting star candle from the resistance at 164.91
MA 21 is crossing over 200 in 2 hr time frame.
price has respcted fib level 0.5 from the retracement fall.
Trade plan bias short @ 162.27
SL:163.8400
TP1 : 160.570
TP2:159.141
Possible Sell opportunity on EURJPYPrice is making a continuation move to the downside. We wait for the pullback to the level to take the trade.
EURJPY bears will dominate 100 pips targetPrice Is currently at the 38.2 Fibonacci I expect the bears to resume the down trend with potential profit at 160.27 which is a previous support
IDEA EURJPY SHORT POSITION Hi Traders
Pair: EURJPY
📈 Position: SHORT ( SELL )
✅ Entry: 161.400
🛑 SL: 161.700
🎯 Take Profits:
• TP 1: 161.100
• TP 2: 160.800
• TP 3: 161.500 (Trailing SL)
EUR_JPY WILL GO UP|LONG|
✅EUR_JPY has been falling recently
And the pair seems locally oversold
So as the pair is approaching a horizontal support of 160.000
Price growth is to be expected
LONG🚀
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EUR/JPY AnalysisTechnically EUR/JPY is looking bearish in 4 hour timeframe.
You can see chart for more understanding.
OANDA:EURJPY
Trade Uni - SELL EURJPY at 161.450EURJPY With price action back below the 200 day ema after another lower high established we can expect prices to retreat in line with previous set ups. In the analysis we must trust.
Daily CLS, Model 2 in the Monthly CLS play, Bullish StructureDaily CLS, Model 2 in the Monthly CLS play
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
What is CLS?
This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets.
CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing.
Good luck and I hope this educational post helps to become better trader
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
Swing Long for EURJPYEntry: 157.0
TP1: 162.0
TP2:166.6
SL: 151.3
Expecting a recovery in price soon.
EurJpy Trade IdeaI sent out longs on EJ and stated price being bullish after respecting a support level below. Price ended up shifting structures on the smaller time frame which made all time frames bullish. Price is currently playing in my favor with just a few pips away from targets. Solid entry, solid risk to reward.
