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EURO REFERENCE RATE / JAPANESE YEN

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EUXJPY trade ideas

eurjpy is bearishThe high liquidity and volatility determine the attractiveness of the EURJPY pair for traders and investors. Due to such fundamental factors as changes in the monetary policy of the ECB and the Bank of Japan, the release of data on GDP, inflation and the labor market in Japan and the Eurozone, volatility almost always increases. EURJPY has a generally recognized status as a safe-haven currency. The interest of investors in the yen grows significantly during periods of uncertainty in the financial markets. The dynamics of changes in EURJPY prices are characterized by long-term trends, which are favorable for implementing trend strategies using technical tools (indicators and oscillators).
Short
by MtICHI
#EURJPY 2HEURJPY 2-Hour Analysis The EURJPY pair is currently testing a strong resistance level on the 2-hour chart, indicating potential downward pressure. This resistance level has previously acted as a barrier to upward movements, creating an opportunity for a sell setup as the price struggles to break through. Technical Outlook: - Pattern: Resistance Level - Forecast: Bearish (Sell Opportunity) - Entry Strategy: Sell near the resistance level Traders may consider entering a sell position close to the resistance area, targeting lower support zones. For added confirmation, indicators such as RSI showing overbought conditions or MACD displaying bearish divergence could strengthen the signal, making this sell setup more reliable.
Short
by PIPSFIGHTER
EUR/JPY 170 Level for shortIn the coming months, I believe that every XXX/JPY pair will probably remain in a prolonged downtrend that will be combined with recession fears for the US and EU. The euro is not at its strongest position currently, and the market knows that continuous war outbreaks and conflicts (Ukraine-Russia, Iran-Israel, China-Taiwan) will only add more pressure and volatility to an overvalued currency of a block that is dependent deeply on foreign countries regarding its trade flows and energy demands. Thus, I believe an imminent devaluation of the euro will be unavoidable in 2025. The yen will benefit from the current financial conditions with volatility staying elevated in the equity and currency markets.
Short
by Panos22
EURJPY Poised to Resume Upward Movement After Small CorrectionEURJPY Poised to Resume Upward Movement After Small Correction At the start of the new week, all JPY pairs increased significantly. The bullish wave was triggered by the Liberal Democratic Party (LDP) of Japan losing its outright majority in the lower house for the first time in 15 years. Voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy. Technical Analysis: On the 60-minute chart, the price broke out aggressively during the night, reaching 166.07. So far, it appears to be a normal correction, and the bullish wave may resume soon, with EURJPY potentially rising further to 166.40 and 167.40, as indicated on the chart. 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
7
EURJPY - Whatch Resistance#trading_idea 💡 🇪🇺🇯🇵 #EURJPY - Whatch Resistance On the 4H chart, an ascending triangle pattern is forming. The price is testing resistance at 165.96. MACD points to a possible correction downwards while Bulls & Bears indicator shows the power of bears. 🔼 If buyers have enough strength to break the resistance 165.96, the price will most likely rise to 166.632. 🔽 If the sellers' pressure continues, the most likely scenarios are reaching local support levels 165 or lower. 🔷 React with "👍" if you foresee the price growth and "👎" if you believe it will decrease ➡️➡️ TRY SABIOTRADE NOW
Long
by sabiotrade
Trading Reflection: Embracing Low-Risk, Low-Stress TradingWould you risk $266.38 for a potential return of $757.23? That's the kind of trade setup I'm focusing on these days. My Trading Philosophy Over my 19 years of trading experience, I've encountered many "trading gurus" who claim that achieving a profit factor of 2 is impossible—that it's merely a textbook scenario and unrealistic. I chose to keep my thoughts to myself, but their perspective revealed a lot about their trading approach: 1. Constant Break-Evens and Overtrading: Chasing big wins often leads to overtrading and settling for break-even results, reminiscing about those rare "good feelings" when trades went their way. 2. High-Stress Environment: They operate under constant stress, obsessing over being "right," frequently intervening in trades, and deviating from their trade plans—all justified by their years in the industry. Finding What Works for You There are countless ways to trade, and results will vary depending on your strategy. Personally, I prefer a method that allows me to: - Spend Just 15 Minutes a Day: I review my trading pairs, set alerts, and let the market notify me when it's time to act. - Use Candlestick Confirmations: I decide whether to engage in a trade based on candlestick patterns at my predetermined entry points. This approach ensures my profit factor for the final target is always at least 2—often even higher. Mathematically, I can be profitable with only a 40% accuracy rate. This allows me to seek trades with high returns and live my life freely for the rest of the day. Current Trade Idea: Bearish Crab Pattern I'm eyeing a Bearish Crab Pattern on the 15-minute chart. It might not be picture-perfect, but it offers a profit factor of 2, and I have RSI divergence supporting my idea. Trade Management - Once the market touches 164.02 or breaks and closes below 164.21 , I'll shift my stop to the entry price to attain a risk-free trade. - Remember to include our stop-loss buffer when setting your stops. Final Thoughts Trading doesn't have to be high-risk or high-stress. It's about choosing a strategy that aligns with your goals and lifestyle. Whether you prefer a fast-paced environment or a more relaxed approach, the choice is yours. What's your trading style? Do you prioritise low-risk, low-stress strategies, or do you thrive in the thrill of the fast-paced markets? Share your thoughts and experiences below! Stay patient, trade wisely, and happy trading! 🚀
Short
by RaynLim
EURJPY 12/13-Nov-2024 Possible Day trading Idea EURJPY Day trading Idea 1.EURJPY is in a bullish trend 2.I am looking for buys on a HL 3.Current trend is Pro trend 4.Price recently broke above previous H, formed a new H. left out a clean consolidation range before breakout. (In higher timeframes this will appear as OB) By highlighting the recent BOS; HH; recently formed HL, i can apply the FIB levels to identify the possible entry point where price has already reacted to it. but going down to LTF we can identify a MSS, and another possible area for entry. Proper risk management can be applied, This is a B setup trade. BOS-->HH-->HL---> Look for discounted prices for HL
Long
by Ocean98