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EURO REFERENCE RATE / JAPANESE YEN

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EUXJPY trade ideas

Bearish drop?EUR/JPY is reacting off the resistance level which is a pullback resistance which is a pullback resistance and could drop from this level to our take profit. Entry: 166.49 Why we like it: There is a pullback resistance level. Stop loss: 168.03 Why we like it: There is a pullback resistance level. Take profit: 165.03 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR. The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth. If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term. Resistance levels: 166.06, 166 Support levels: 165.68, 165.14, 164.95 The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;) Regards R. Linda!
Long
by RLinda
4
#EURJPY 1HEURJPY 1-Hour Analysis The EURJPY pair is consolidating within a triangle pattern on the 1-hour chart, indicating a buildup of momentum. A breakout on either side of this pattern could signal the next directional move. Traders should watch for a clear breakout followed by a retest, which would provide a potential entry opportunity in the direction of the breakout. Technical Outlook: -Pattern: Triangle - Forecast: Breakout on either side, with retest confirmation for entry - Entry Strategy: Wait for breakout and retest Traders may consider entering after a retest of the breakout level, targeting the next key support or resistance zones based on the breakout direction. To confirm the move, additional indicators like RSI for momentum shifts or volume spikes can be used to validate entry points.
by PIPSFIGHTER
EUR/JPYEUR/JPY Trade Plan (30th Oct 2024) 📉 Current Market Overview: EUR/JPY remains in an uptrend as investors capitalize on higher Eurozone interest rates compared to Japan's, which keeps the yen weaker. With the pair approaching a key resistance level, here’s a detailed trade plan to consider. Trade Setup: 1. Entry Point: - Enter a Buy (Long) Position** at 165.50 - Alternatively, if there's a pullback, consider entering near the support at 165.00. 2. Stop-Loss: - Place a Stop-Loss at 164.50 to protect against a potential downside move, just below recent support levels. 3. Target (Take-Profit): - Set your **Take-Profit target at 170.00, aligning with the next resistance level and current uptrend momentum. Rationale: - Trend: The EUR/JPY has strong bullish momentum, with price trading above key EMAs (10, 50, and 200-day), indicating continued upward potential. - Indicators: RSI suggests overbought conditions, but the overall trend remains intact. 💬 Summary: This trade plan capitalizes on EUR/JPY's bullish trend while managing downside risk. A break above resistance could bring significant gains. Use caution and adjust according to market movements. *Disclaimer*: This plan is for educational purposes. Consult with financial experts before trading.
Long
by azizy73
EurJpy Trade UpdateI posted a EJ set up for long opportunities yesterday. Price ended up playing out to the T ! If you took the set up than your targets should've been smacked ! Price ended up breaking from the area I was currently looking at before getting the retest I wanted. Patience paid here ! I didn't take the set up since I was in NU shorts but EJ longs are still possible if price decides to break above and retest. If not then I would personally wait for price to come back down to the support before looking for any long opportunities.
Long
by OfficialJ23
EURJPY Possible Long Position BBMA OA ReEntry Zone Zero Loss4H - Re-Entry 1H - 50 EMA Rejection + Bollinger Band Rejection 15m - CSAK + Entry in MALO Note: * Cancel trade or cut-loss when candle close Below MAHI (2 Red Color Lines) in 4H * 1:3 RRR * TAYOR A combination of multiple moving averages and Bollinger Bands is the BBMA OMA Ally strategy. It provides an extensive and reliable examination of market trends and patterns by utilizing the strength of both indicators. It is a multi-time frame analysis I am using the BBMA OA Reentry Zone Zero Loss Strategy as a basic reaction to recent market events, rather than attempting to forecast the market's future course
Long
by GreggiBond
EURJPY BUY? 2nd Chance SaloonA bullish trend in EUR/JPY indicates that the euro is strengthening against the yen. This movement can be influenced by several factors: Economic Data: Positive economic indicators from the Eurozone, such as GDP growth or strong employment figures, can boost the euro. Interest Rate Differentials: If the European Central Bank (ECB) signals potential rate hikes while the Bank of Japan (BoJ) maintains its low rates, it can lead to a stronger euro against the yen. Market Sentiment: Increased risk appetite among investors may lead them to favor the euro, especially if they perceive the Eurozone economy as more stable or growing compared to Japan. Geopolitical Factors: Any political or economic developments in Japan that create uncertainty could weaken the yen, further supporting a bullish EUR/JPY trend.
Long
by Marshall_Wick
EURJPY Gears Up for a Fresh Rally Following Brief Pullback**EURJPY's Rally Prepares to Reignite After Brief Pullback Amid Political Shifts in Japan** As the new week unfolds, JPY pairs have witnessed a robust surge, underscored by significant political developments in Japan that have reshaped investor sentiment. The surge in EURJPY aligns with a broader bullish movement across yen pairs, ignited by an unprecedented shift in Japan’s political landscape. The ruling Liberal Democratic Party (LDP) of Japan recently lost its majority in the lower house, marking a significant political setback after nearly 15 years of dominance. This unexpected shift reflects voter discontent with Prime Minister Shigeru Ishiba's administration, which has faced a series of scandals and controversies. The resultant political uncertainty has left no party in a clear position to take the helm of Japan's economic future, stirring uncertainty in the world's fourth-largest economy. This political instability has pressured the Japanese yen, creating a tailwind for the EURJPY pair and other JPY crosses. With diminished confidence in Japan’s political leadership, the yen faces bearish pressure as investors brace for potential policy shifts and economic uncertainty. As a result, traders are pivoting toward the euro, supported by the eurozone’s relatively stable outlook in contrast to Japan’s uncertain political path. **Technical Outlook: Key Levels and Potential Upside for EURJPY** Technically, EURJPY has shown strong signs of resilience on shorter time frames, with an aggressive breakout recorded on the 60-minute chart. Overnight movements propelled EURJPY to 166.07, representing a decisive upward push and a break from the correction phase. The structure on the hourly chart currently indicates a normal correction, potentially setting the stage for a resumed bullish wave in the sessions to come. If the bullish momentum continues to build, EURJPY’s path appears clear toward further highs, with immediate targets set at 166.40 and 167.40. These levels are key resistance points, and breaking above them could indicate a sustained upward trajectory, possibly driven by continued yen weakness and euro resilience. Traders should monitor these levels closely, as a break above 167.40 could open the door to new highs. In summary, EURJPY’s outlook remains bullish, with technical and fundamental factors aligning to suggest potential gains. As Japan navigates an era of political uncertainty, the yen’s safe-haven appeal may be dampened, paving the way for EURJPY’s continued ascent. Investors should be vigilant for further price action around the 166.40 and 167.40 levels, which will provide essential cues on the pair’s next moves in this evolving landscape.
Long
by lonelyPlayer0
2
EURJPY Will Grow! Buy! Please, check our technical outlook for EURJPY. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 165.018. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 167.407 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY Breaks Resistance: Bullish Momentum IntactEURJPY has broken through a key resistance level, and the price action is now heading toward the next support and resistance zone. As long as the momentum holds, I’m staying with the Bulls for now. It will be interesting to see how the price reacts at the next level—either a continuation or a potential pullback. For now, I’m riding the trend upwards! What’s your outlook on EURJPY? Are you bullish too, or expecting a reversal soon? Share your thoughts in the comments below!
Long
by KinkiHuang
Buy EUR/JPY Bullish FlagThe EUR/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Flag pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 164.33, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 165.42 2nd Support – 166.05 Stop-Loss: To manage risk, place a stop-loss order below 163.70. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
8