EURJPY Long Positionhello traders, this is my thought for EURJPY long position idea. im using fibo retracement method and support & resistence to make my trading plan.
EUXJPY trade ideas
EURJPY BullishBias Bullish
Fundamental Analysis
ECB is going to reduce interest rate as expected. However, EUR Fundamentals datas are still bullish align with COT data. However Index shown bearish bias. ECB will aim for better job data for now. BOJ decided to hold interest rate. BOJ is expecting higher inflation and spending as rising wage occurred. Fundamental datas is presenting bearish bias. BOJ will not take any action under new datas is out.
Price Action: Price retrace back to support level. there was an rejection from Support level. It broke the H4 resistance level. As it show the continuation of bullish movement. Price expected to retest the broken resistance level. It consolidated and broke through.
Set up:
Long setup Broken resistance level of H4/H1
SL below swing low
TP last swing high of R:R 1:3
WXY EUR/JPYSo far I'm assuming this is a wxy move elliott wave. I'm shorting here target price 160.80 or hoping for a 158.40 entry to go long
EURJPY Broke for downside close 50% of your position (+115pips banked) and move SL to BE. TP @ 161.910
EURJPY {Bearish}Price seemed to break through heavy downwards, & with the results of the election, we could see the JPY surge. But as always, we must stay patient
EURJPY LONG 15min TIME FRAME EntryEURJPY BUY
Long Trade on EURJPY - Entry at 163.260 , Full TP at 164.200 - Fib 1.618 . STOP LOSS - 162.740 ( At the swing low) . aiming for 1:2 RR
TP1 @ 163.663
TP2 @ 164.200
EURJPY Sellers In Panic! BUY!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 164.32
Bias - Bullish
Safe Stop Loss - 163.70
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 165.53
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Eurjpy shorts Confirmed looking for further continuation pattern/pullbacks to scale up. Risk management.
EURJPY BUY | Idea Trading AnalysisEURJPY is moving in an UP trend channel.
The chart broke through the dynamic Resistance line..
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
eurjpy short for 100PIPS1. Trend and Market Analysis
Trend: Verify that EUR/JPY is in a clear downtrend, using moving averages or a trendline. If recent price action has been bearish, that would support a short setup.
Support and Resistance: Identify resistance levels above the entry to minimize risk if price reverses. A good entry would ideally be around a recent peak or just below a resistance level.
6-11 ProbelegEURJPY 6-11: The Yen seems to be gaining strength. Our system still indicates an uptrend but the pair is moving back to neutral. Therefore we already select a sell trade which we executed at 165.122.
#EURJPY 1DAYEURJPY Daily Analysis
The EURJPY pair is trading within a channel on the daily chart and is currently testing a trendline resistance near the channel's upper boundary. This confluence of resistance levels suggests potential selling pressure, as the price struggles to break through these barriers, creating a favorable setup for a sell position.
Technical Outlook:
- Pattern: Channel with Trendline Resistance
- Forecast: Bearish (Sell Opportunity)
- Entry Strategy: Sell near the trendline and channel resistance area
Traders may look to enter a sell position around this resistance area, targeting lower support levels within the channel. Confirmation from indicators like RSI showing overbought conditions or MACD signaling bearish divergence can strengthen this setup, adding confidence to the bearish outlook.
EUR strengthGiven the recent signs of strength in the Euro against the US dollar, taking a long position in EUR/JPY appears to be a promising strategy.
EURJPY BEARJust like the other pair i sent out there is a higher start due to the wick but the bear set up has two targets...
EUR-JPY Growth Ahead! Buy!
Hello,Traders!
EUR-JPY is trading in a
Strong uptrend along the
Rising support line so after
The retest we will be expecting
A further bullish move up
Buy!
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Check out other forecasts below too!
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 158.543 area.
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EURJPY bullish ideaJump from a big resistance area and we are in a wedge upwards.
It is only technical analysis. Good luck
EUR/JPY Analysis: Bullish Momentum Supported by ECB-BoJ Policy The EUR/JPY pair currently shows potential for upward movement, supported primarily by the ongoing divergence in monetary policies between the European Central Bank (ECB) and the Bank of Japan (BoJ).
The ECB's hawkish stance, involving rate hikes to manage inflation, contrasts sharply with the BoJ's ongoing zero-interest-rate policy and quantitative easing. This divergence has historically supported the Euro's appreciation against the Yen, as investors favor higher-yielding currencies.
Technical Analysis Insights:
Trend Indicators: The overall trend indicators, including moving averages, lean bullish on higher time frames. Shorter-term moving averages confirm the upward momentum, aligning with the macroeconomic outlook favoring the Euro.
Oscillators: Most oscillators currently show neutrality, with some indicating a buy, suggesting that while momentum remains positive, the pair could experience periods of consolidation.
Resistance and Support Levels:
Key resistance is identified near recent highs, while support rests around significant moving average levels and prior swing lows. This setup suggests that, although the current momentum is upward, any risk sentiment shift or unforeseen economic events could lead to volatility, impacting the upward trend.
Prediction
Given these indicators and the fundamental backdrop, the EUR/JPY is likely to maintain a gradual bullish trend in the short to medium term, with potential fluctuations depending on global economic factors and any shifts in the ECB or BoJ's policy stance.
Note: There is an OPEN GAP at lower levels.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always consider your risk tolerance and consult with a financial advisor before making trading decisions.
EURJPY 4hr LongEURJPY
🚀4hr Long🚀
💰ENTRY: 165.879
👎STOP LOSS: 164.938
TP TARGETS
⏰TP1: 166.819
⏰TP2: 167.711
⏰TP3: 168.653
✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs.
✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles.
✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema.
This is a great example of the 123 Advanced Engulfing strategy.
Swing Trade Idea #1Price has now break above strong support/resistance (supply and demand zone), a very well respected area. Now we wait for the price to retest the demand zone to buy, with my strategy it could be a 60% grade.
DeGRAM | EURJPY pullback from resistanceEURJPY is moving in an ascending channel above the trend lines.
The price has reached the resistance level, which coincides with the important psychological value of 166.
The chart has formed but not closed the gap.
We expect a pullback.
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Share your opinion in the comments, and support the idea with a like. Thanks for your support!
EUR/JPY Weakness Post BOJ Comments - Further Direction?Governor Ueda was on the wires last night with variance comments supporting a slightly stronger Yen.
Lots of caution was issued but overall seems that slight leaning to hikes/when they'll be has given a bit of a shift in sentiment.
Unlikely BOJ will allow another series of devaluation and likely look for rate hikes to control currency rates VS major economies.
Any shorts for me are higher up the FIB scale (and value scale). If no real follow through comes would not be surprising to see this occur.
