Get started

Euro / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURJPY trade ideas

EURJPY Wave Analysis 5 December 2024 - EURJPY reversed from key support level 156.00 - Likely to rise to resistance level 160.00 EURJPY currency pair recently reversed up from the key support level 156.00 (which has been reversing the pair from the start of August) standing close to the lower daily Bollinger Band. The upward reversal from the support level 156.00 created the daily Japanese candlesticks reversal pattern Morning Star Doji. Given the strength of the support level 156.00, EURJPY currency pair can be expected to rise toward the next resistance level 160.00 (target for the completion of the active wave iv).
Long
by FxProGlobal
Euro-yen unlikely to move much lower immediately¥155 remains the key support for EURJPY on the daily chart; however, the latest downward movement has paused before reaching that area. Participants have mostly discounted recent political instability in France since the government’s collapse had been widely expected. Meanwhile in monetary policy the European Central Bank is likely to cut the deposit facility rate to 3% on Thursday 12 December. Euro-yen’s bounce in recent days seems to have a bit more energy than GBPJPY, but this is partially a function of the latest round of losses here having reached lower. The structure of most indicators between the two pairs is quite similar; the main difference driving slightly greater recent losses by EURJPY is fundamentals for the euro and pound. While the death crosses of the 20 SMA below the 50 and 100 can’t be discounted, another push lower in the next few days is questionable because this is the third unsuccessful test of the area around ¥155 in only a few months. Usually, second and subsequent tests of a possibly important area are less likely to break through unless fundamentals align. Volume doesn’t support any clear direction here so traders might be biding their time until the ECB’s meeting. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
EURGBP BUY NOWOur analysis is based on multi-timeframe top-down analysis & fundamental analysis. Based on our view the price will fall to the monthly level. DISCLAIMER: This analysis can change anytime without notice and is only for assisting traders in making independent investment decisions. Please this is a PREDICTION and I have no reason to act on it and neither should you. Please support our analysis with a like or comment! Let’s master the market together. Please share your thoughts and encourage us to do more by liking this idea.
Long
by dkb14246
2
EUR/JPY ready to confirm the biggest trend change in many yearsEven though I post Chart patterns that have finished or are almost finished, let met share with you an unfolding pattern in EUR/JPY so you can easily follow it. EUR/JPY has been rallying lately after a sharp decline this summer and this is forming a HEAD AND SHOULDERS pattern. This kind of patterns work over 90% of the time and the returns in the first 20 days are usually over 10% with a minimal risk. After the break of the previous bull trendline, EUR/JPY is in a neutral market so it's not time to short yet. How to trade it? The easiest way to trade it is by selling if the price breaks the blue support line, around the 158 area . This gives you the potential to move to 140 area, where: 1. You can win 8% in few days without leverage. 2. You just need to risk around 1,5% by using a tight stop loss. So the profit will outweigh the risk by 5 times. The risk management trick Instead of investing everything in the previous idea, you could: 1. Invest 50% with a take profits at the 150 target. This is over 2% returns. 2. Keep investing 50% for an 8% return. When the first TP occurs, you earn more than what you owe for the stop loss of the second position, meaning you have a now a sure trade whatever happens to the other 50%. You keep risking 2% but you lock in profits as soon as the price touches 150.
Long
by TopChartPatterns
1
EURJPY to find sellers at market price?EURJPY - 24h expiry Buying pressure from 156.17 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 158.60 level. We look to Sell at 158.60 (stop at 159.43) Our profit targets will be 156.22 and 154.40 Resistance: 159.10 / 160.55 / 162.00 Support: 157.05 / 154.40 / 151.10 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
Buy OpportunityTrade Setup: Long (Buy) Entry Price: 158.661 (current price level) Take-Profit (Target): 164.850 (upper resistance zone with a potential gain of 3.9%) Stop-Loss: 156.112 (below the marked support zone to protect against downside risk) Risk-Reward Ratio (RRR): Approx. 1:2.4 (favorable for a long trade) Position Details: Reason for Entry: Price action suggests a reversal near the support zone, with bullish momentum building. Momentum indicator (Squeeze Momentum) shows a potential upward shift. Price is within a retracement, and the upside target aligns with resistance at 164.850. Stop-Loss Justification: Placed below the strong support at 156.112 to allow for minor fluctuations. Take-Profit Justification: Key resistance level at 164.850 aligns with the previous high and projected bullish trajectory.
Long
by GODOCM
EURJPY Analysis - Bullish - Trade 05EUR/JPY Analysis Overview --- 1. Seasonality EUR: Strong seasonal buy signal for first week of December. Historically, EUR tends to perform well during the early part of December, particularly as year-end market dynamics drive demand for European assets. JPY: Seasonal performance is mixed to weak in first week of December, suggesting potential weakness for JPY in this period. --- 2. COT Report EUR: COT RSI: At the bottom (0%) for 52 weeks, 26 weeks, and 13 weeks, signaling an oversold condition, suggesting a buy setup for EUR. Non-commercial Positioning: Non-commercial long positions are decreasing, short positions are increasing, but net non-commercial is still decreasing. This indicates that while there may be some sell-side pressure, the market may be nearing a reversal, with less aggressive short interest. COT Index: At the bottom (0%) for 3-year and 1-year periods, indicating a strong potential for EUR to rise from this point. JPY COT RSI: At the middle, indicating a neutral stance. This is less of a concern compared to other currencies, but it points to a market that is less bullish on JPY. Non-commercial Positioning: Non-commercial long positions are increasing, short positions are also rising, and net non-commercial is decreasing. This suggests that JPY has some strength but is facing growing pressure from increased short positions. COT Index: Neutral positioning, which does not indicate any clear bullish or bearish bias. --- 3. Fundamental Analysis LEI (Leading Economic Indicators) Global: Increasing LEI suggests positive global economic momentum, supporting the EUR. EUR: Positive LEI, indicating economic growth and improving outlook for the Eurozone. JPY: Decreasing LEI, signaling a potential slowdown or economic stagnation in Japan, which is bearish for JPY. --- Endogenous Factors EUR: Increasing endogenous factors, indicating positive growth in the Eurozone. Economic recovery is likely to continue through the end of the year, supporting EUR strength. JPY: Mixed to increasing endogenous factors, suggesting some potential for JPY to strengthen but not strongly enough to outperform the EUR. --- Exogenous Factors EURJPY: Exogenous factors support a buy EUR, sell JPY strategy due to the relative strength of EUR and the weakness in JPY from factors like EURJPY = Buy and EURUSD = Buy signals in exogenous correlations. EUR/JPY Pairs: Strong support for EUR in the cross-pair comparisons (EURJPY = Buy) and weak performance from JPY, confirming a bullish stance for EURJPY. --- 4. Technical Analysis RSI Divergence: The RSI for EUR/JPY is not in overbought territory, suggesting room for further upside. Support Levels: There is days support level from which the pair has bounced and is likely to continue upward if it maintains above these levels. --- Bias: Long EURJPY Conclusion: The combination of favorable seasonality, positive COT signals for EUR, strong fundamental support from global and Eurozone LEIs, and bullish technical indicators positions EUR/JPY for further upside. The relative weakness of JPY and its mixed economic signals reinforce the bias to go long on EUR/JPY. --- Trade Plan Entry: 157.241 SL: 156.020 TP: 158.462
Long
by asadamalik