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EUXJPY trade ideas

EURJPY BREAKOUR OR FAKE OUT?The recent breakout in the EUR/JPY currency pair can be attributed to a confluence of macroeconomic factors and technical signals. Primarily, the divergence in monetary policy between the European Central Bank (ECB) and the Bank of Japan (BoJ) has created a favorable environment for the euro to appreciate against the yen. The ECB's inclination towards tightening monetary policy in response to persistent inflationary pressures in the Eurozone contrasts sharply with the BoJ's continued commitment to maintaining its accommodative stance, including negative interest rates and yield curve control. This divergence has led to increased capital inflows into the Eurozone, bolstering the euro's value. Additionally, technical analysis indicates that the pair broke through a significant resistance level, triggering further buying momentum as traders sought to capitalize on the upward movement. Coupled with improved economic indicators from the Eurozone and ongoing geopolitical uncertainties in Asia, these elements collectively contributed to the EUR/JPY breakout, signaling potential for further appreciation in the near term.
Long
by Marshall_Wick
EUR/JPY Technical Analysis:(READ DESCRIPTION)EUR/JPY Technical Analysis: Upside Potential with Key Support at 162.53 Pivot Point: 162.53 The pivot at 162.53 is a crucial support level for EUR/JPY, acting as the foundation for potential upward movement. As long as the pair holds above this level, bullish momentum could take the price higher. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price remains above the 162.53 pivot point. This could lead to a significant move toward higher resistance levels. Target Levels for Upside Movement: First Target: 164.52 This is the main upside target where traders may aim to take profits or assess further bullish continuation. Alternative Scenario: Downside Risks If the price drops below 162.53: Bearish Outlook: First Target: 161.79 Second Target: 161.35 These levels serve as potential support zones if a bearish trend emerges. Technical Insights: RSI Indicator: The RSI is above 50, signaling bullish momentum. This suggests that the price has potential to rise further as buying interest increases. MACD Indicator: The MACD is positive but below its signal line, indicating potential short-term retracement before the uptrend resumes. Moving Averages: The price is trading above both the 20-period and 50-period moving averages (163.03 and 162.76, respectively), reinforcing the bullish outlook.
by CharivapaAlgo
EURJPY / LONG / H1EURJPY may rise from the Bullish Order Block! EURJPY is approaching a key bullish order block zone. If the price touches this zone, we can anticipate a potential upward momentum. It's advisable to consider a direct entry at the current price level, as there is a high probability that the price will rise from the given order block. Bullish Order Block: 162.667 and 162.194 Resistance: 163.581 and 163.442 I used Smart Money Concepts (SMC) to analyze the charts, which has a high success rate for predicting market movements. ENTRY PRICE :- 162.667 TAKE PROFIT :- 163.218 STOP LOSS :- 162.110
Long
by PraveenTrader1
EURJPY I Potential slight pullback and more growthWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
3
EURJPY Sellers In Panic! BUY! My dear subscribers, This is my opinion on the EURJPY next move: The instrument tests an important psychological level 162.28 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 162.72 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EEURJPY GOING FOR 100PIPSIn a bearish setup for EUR/JPY, with stop losses at 50 and 100 pips and targeting the next low, here's how the trade would work: Trade Setup (Bearish Trend): Entry: You are expecting the market to go lower, meaning you are selling EUR/JPY. You might enter after observing price action that indicates a downtrend (e.g., a bearish candlestick pattern, a break of support, or rejection from a resistance level). Stop Loss: 50 Pips Stop Loss: This is a tighter stop loss, meaning if the trade goes against you by 50 pips, you will exit the trade. It protects you from a small adverse move but is more likely to get hit if the market is volatile or experiencing pullbacks before continuing downward. 100 Pips Stop Loss: This is a looser stop loss, allowing more room for the trade to breathe, but it also exposes you to more risk in case the market reverses against your position. Take Profit (Targeting the Next Low): Your target for a bearish trade is the next significant low in the market structure. This low could be determined from previous price action, such as a support level or a swing low. You could be aiming for a major level of demand or the bottom of a consolidation range. Risk-to-Reward: Stop Loss of 50 Pips: A 50-pip stop loss means you are taking less risk per trade. With a target of, say, 150 pips (a 3:1 risk-to-reward ratio), this could give you a more attractive risk-to-reward setup, but you need to be more precise in your entry to avoid hitting the stop loss due to market noise. Stop Loss of 100 Pips: A wider stop loss might result in a risk-to-reward ratio of 1:2 or 1:3, depending on how large your target is. This allows for some volatility but increases your risk if the market turns against you.
Short
by LORDOFTHETRADERS