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Japanese Yen/Euro

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JPYEUR trade ideas

DeGRAM | EURJPY fixed over the channelEURJPY is above the descending channel between the trend lines. The price is moving from the dynamic support and has already consolidated above the descending channel. The chart retains the harmonic pattern and is now testing the 62% retracement level. We expect the growth to continue after consolidation above the resistance level. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Long
by DeGRAM
7
The Fate of EUR/JPY Hinges on Friday, January 24! Why?Markets are eagerly awaiting Friday, January 24, 2025, as highly significant economic indicators and news are expected to have a strong impact on the EUR/JPY pair and its medium-term direction. What are these data and news, and how might they affect the markets? Key Developments in the Eurozone: In addition to ECB President Christine Lagarde's speech, the following economic indicators are set to be released: • German Manufacturing PMI: Expected to rise to 42.7, while the German Services PMI is forecast to decline slightly to 51.1. • French Manufacturing PMI: Anticipated to increase to 42.4, with the French Services PMI expected to remain steady at 49.3. • Eurozone Manufacturing PMI: Expected to narrow its deficit from 41.9 to 42.4, while the Eurozone Services PMI is forecast to dip slightly from 51.6 to 51.4. Traders are urged to closely monitor industrial sector data from France, Germany, and the broader Eurozone. This sector has been contracting recently due to the weak European economy. Any notable improvement in manufacturing PMI figures could positively influence the euro, according to analysts. Key Developments in Japan: Markets are also anticipating the Bank of Japan's interest rate decision on Friday morning. Expectations point to a 25-basis-point hike, raising Japan's interest rate to 0.50% — its highest level since October 6, 1995. If rates are raised as expected, this would likely have a positive impact on the Japanese yen, analysts suggest. Possible Scenarios: • Bearish Scenario for EUR/JPY: If the Bank of Japan raises interest rates and the Eurozone reports disappointing economic data, particularly in the industrial sector, this could negatively affect the euro while boosting the yen. • Bullish Scenario for EUR/JPY: If the Eurozone delivers positive economic data with notable improvements in the industrial sector, supporting the euro, while the Bank of Japan does not raise interest rates, this could weaken the yen. Technical Outlook for EUR/JPY: The EUR/JPY pair is currently in a general downtrend, forming successive lower lows. Trading near the 162.66–162.777 levels increases the likelihood of further declines, targeting 160.473. However, the bearish scenario would be invalidated if the price rises above 162.890 and closes a four-hour candle above this level, according to technical analysis. The Big Question: Will the economic indicators and news align with the technical outlook, or will they defy it? The answer will unfold on Friday, January 24, 2025.
by CFI
EUR/JPY H4 | Approaching swing-high resistanceEUR/JPY is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 162.83 which is a swing-high resistance. Stop loss is at 163.60 which is a level that sits above an overlap resistance. Take profit is at 161.18 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
2
Smart Money Strategy: Short Opportunity with EUR/JPY Smart Money Strategy: Opportunity with EUR/JPY at Key Fibonacci Levels The EUR/JPY pair is currently facing downward pressure, trading around 161.10, as speculation mounts over a potential rate hike by the Bank of Japan (BoJ). With market expectations nearing a 92% likelihood of a rate increase by the BoJ in their upcoming January meeting, this could push short-term borrowing rates to the highest since the 2008 financial crisis, bolstering the Japanese Yen. Key Levels for Strategic Entry: Optimal Short Entry : Focus on the 162.103 level, where the pair may encounter significant resistance. Fibonacci Reversal Points : The 0.75 and 0.71 levels are more than technical markers; they are critical points where institutional investors—often referred to as the 'smart money'—typically engage. These levels are key for identifying potential shifts in market dynamics. This trade is not just about capitalizing on market trends—it's about strategically positioning at a technically significant level to maximize the potential for profits. Follow for more insights and ideas #tradingforex #trading #forex #tradingstrategy #Smartmoneyconcept #SMC #tradingtips #trader
Short
by InwardTrader
EUR/JPY bullish This trading idea focuses on the EUR/JPY currency pair on a 45-minute timeframe. The chart highlights several key elements: Support Level: Identified at approximately 159.887, marked by a purple horizontal line. This level has shown historical significance, providing a potential area for price bounce. Ascending Trendline: Starting from the low in mid-December, delineated by a blue line. This trendline indicates a bullish trend, suggesting potential upward momentum. Buy Zone: A green rectangle marks this zone, with the top at 162.014 and the bottom aligning with the support level. This area is identified as a potential entry point for long positions. Stop-Loss Zone: Highlighted by a red rectangle below the support level, extending down to 159.149. This zone is suggested for stop-loss placement to mitigate potential losses. The idea is to capitalize on the expected bounce off the support level, targeting a price around 162.014 while managing risk with a stop-loss below 159.887.
Long
by hesham07
#005 EURJPY Short 60SMA Pullback Overbought 20,1,1EURJPY 15 Minutes Short when price pulled back to 60SMA plus overbought 20,1,1. Previous price action has also shown similar trend continuations. So... WIll be back in a few hours, 15 Minutes Time Frame allows more time for us to react, around 6 hours on average I feel would be a good time to come back and check the charts if we enter during london session. For 1 Minute Time Frame, I think 1 Hour or so would be a good time for us to come back to check the charts and decide if we would want to exit manually or not. Just focus on being an executioner wielding your executioner's sword. You are just a part of the supply chain. Do your part, and leave the rest to others. Payouts, profit and loss is the duty of the finance department, you as the executioner, is one of the last part of the supply chain. Just do your part. Get instructions from the judge to begin the execution process. Checking of identity of the guilty, double confirming of punishment, and then execution of punishment. That's all. The collection of bodies, the undertaker's job. guilty's family after care, social workers job. If the loss an income source, the social workers and career coach's job. Guilty's family health issues, doctors and nurses job. You get it. 1604SGT 21012025
Short
by goh8888lester
1
EURJPY LongHi Everyone, Hope you're ok. Here is our signal for EURJPY. I hope that it brings profit for you all. We want the 15 minute candle to close above the entry, and then respect the entry. Then we will enter. RiskReward is essential. If you are blowing an account, only once, you are doing something wrong. Probably your lot size is too big. Take the time to learn. EURJPY Buy 🦇 📈Entry: 162.160 ⚠️SL: 160.435 ✔️TP1: 163.899 ✔️TP2: 165.902 ✔️TP3: 168.548 Happy trading hope you all make lovely profit. Drop me a like if you do. Best wishes
Long
by Elite_Trading_Signals
1
EURJPY High Probability Trade Setup (Sell Plan)ICMARKETS:EURJPY 🔹 161.90 - 162.20 (Ideal Reversal Zone After Stop Hunt Above 162.00) 🔹 Stop Loss (SL): Above 162.60 (Protecting against liquidity grab) 🔹 Take Profit 1 (TP1): 160.50 (Demand Zone) 🔹 Take Profit 2 (TP2): 159.50 (Full Target, Swing Low Liquidity) 🔥 What’s Next? Confirmation Needed: If price rejects 162.00-162.20 with a strong H4 bearish engulfing or wick rejection, execute the short. Watch 161.50: If price starts holding above 161.50 after a pullback, this could indicate bullish continuation instead. EURJPY TRADE EXECUTION PLAN – CLARITY We are waiting for EITHER of the two conditions for short entry: ✅ BREAK & RETEST (Higher Confirmation) 1️⃣ Price breaks below 161.60-50 with a strong bearish candle. 2️⃣ Price retests 161.60-50 as resistance (previous support flips). 3️⃣ Rejection confirmation on lower timeframes (H1) → Enter short. 📌 Why? This gives extra confirmation that sellers are in control. Reduces the chance of false breakdowns or liquidity grabs.
Short
by jibkhan111
EURJPY - Short from bearish OB !!Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I want price to go a little bit higher to fulfill the imbalance and then to reject from bearish OB. Fundamental news: On Friday (GMT+2) we will see results of Interest Rate in Japan, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD