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EURJPY trade ideas

EURJPY: The Bullish Trend Is IntactEURJPY: The Bullish Trend Is Intact EURJPY: Bullish trend intact From our previous analysis, EURJPY rose as expected and reached all three targets. So far, the price is above a strong structure zone and the chances are that it will continue and go higher. Everything is related to BOJ. They are not taking any further steps on their currency. They did not change the interest rate during the last meeting. On the other hand, they have already stopped the foreign exchange intervention in the market, thus leaving the JPY at the mercy of fate. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
2
EURJPYSupport: The key support levels to watch are around 128.00 and 127.00. These levels have held as support during recent pullbacks. Resistance: Immediate resistance is seen around 130.00. A break above this level could indicate a potential bullish reversal. 200-day Moving Average: EURJPY is below the 200-day MA, indicating a bearish long-term sentiment. 50-day Moving Average: The 50-day MA is below the 200-day MA, confirming the bearish bias. The RSI is around 45, suggesting neutral to slightly bearish momentum. It's not oversold or overbought, indicating potential for further consolidation. Head and Shoulders Pattern: There are indications of a potential head and shoulders pattern forming on the daily chart, with the neckline around 128.00. A break below this neckline could signal further downside. Short-term: Traders might consider short-term sell trades on rallies towards resistance levels (e.g., around 130.00) with targets at key support levels. Long-term: For investors looking at longer-term positions, waiting for a clearer bullish signal such as a break above the 200-day MA or a significant support confirmation might be prudent. Monitor economic data releases from both the Eurozone and Japan, as well as broader market sentiment and geopolitical developments, which can influence the EURJPY exchange rate. EURJPY is currently in a bearish phase with potential for further downside, though it is consolidating in the short term. Traders should watch key support and resistance levels, as well as broader market factors, to assess the next directional move. Always consider using risk management strategies and conducting your own analysis or consulting with a financial advisor before making trading decisions.
Long
by TFXBR
Why Has The EURJPY Not Come Down Yet?The Japanese Yen has now lost value for a significant period of time VS its major counterparts. This de-valuing is asserted directly to the de-vestment of the Japanese Yen, typically a safe haven currency. The stance of the BOJ is still one with very low rates. Because this isn't changing quickly and there is no current intervention speech, the Yen remains a currency that is devaluing. The equation is simple - If you had the choice to buy a currency, with any type of return, as a foreign cash investor, what would you pick? Would it be something like the USD? Would you perhaps park your money in Euros? Or, would you buy Yens with a terribly low rate of return? You can see now the picture is obvious, and that is why the Yen pairs like EURJPY are rallying relentlessly. What would bring these pairs down? JPY Strength. What would bring JPY strength? Rising of rates / Intervention or any other means possible to increase investment in Yens, like a world event requiring a safe haven to flee to. In any case if you are going to short it, you need to know the above to trade safely.
Short
by WillSebastian
EURJPY Fool-Surprise Reverse Ok ?EURJPY direction. Well, I am excited the algos pushed the price 0.2% higher in compariston to yesterday, we are still due to dump 1-2% to the downside. Lets Go. Accumulate more and more shorts, this is the only direction. THIS IS JUST MY PLAN - NOT AN ADVICE. No stop loss at this point, after loosing crucial levels, we can expect JPY central bank interventionm at any point, and - I am surprised idiot traders are still pushing the price in wrong directon still. Take profit: 168.13 Stop loss: NONE.
Short
by AdiVV
Trade Like A Sniper - Episode 50 - EURJPY - (21st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing EURJPY, starting from the 2-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded