
Euro / Japanese Yen forum

I took a short from the liquidation of the LTF range high, and closed it at the said target.
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tradingview.com/x/PGszCPab

Intraday wise, you can attempt to wait for price to retrace to premium levels on the micro timeframes before shorting (riskier), or retrace to premium levels on the medium timeframes before shorting.
Price can do whatever it wants so just do your observation closely.
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tradingview.com/x/vWUidI2M

Moved to breakeven S.L. on my second entry aiming a bit further but overall done for the day already, goodluck traders 🫡
As discussed, intraday bias is bearish. Took my shorts from the liquidation of Asian high earlier. Closed at 61.8% fib + 15m demand OB confluence. We are after all still internally bullish.
🥪🥪🥪
tradingview.com/x/EGhfaX7a

EUR/JPY recently pulled back after briefly touching a year-to-date high near 173.25. The pair has since traded within a tight corrective range between 170.00 and 172.30, indicating exhaustion near key resistance zones. Price has now broken below a minor support level—suggesting a potential Change of Character (ChoCh) and the beginning of an accumulation phase. This movement likely triggered liquidity hunts, sweeping stop-losses before dropping lower to re-establish downside momentum.
We are now monitoring for additional liquidity hunts within our identified zones before committing to a bearish continuation setup. The break of structure and recent liquidity grabs are strengthening the case for more downside pressure.
Fundamentals backed the move too:
🚨 Negative sentiment rose after headlines tied to weakening Eurozone economic data—particularly Germany’s recent PMI miss and cautious ECB commentary hinting at slower recovery prospects.
Meanwhile, the Japanese yen remains stable, supported by safe-haven flows amid geopolitical tensions and a broadly weaker Euro outlook.
tradingview.com/x/s8JG1lMh/
