EUR/JPY Analysis:Bearish Insights Using MMXMIn this analysis, I explain why I'm bearish on EUR/JPY, marking my key levels with the MMXM strategy. I've also outlined the reasons for a possible bullish perspective, but my short-term stance remains bearish. Please note, this is not financial advice—it's my personal view based on my chart analysis. If you're interested, trade responsibly and always do your own research!
JPYEUR trade ideas
EURJPY SHORTFrom the H4 chart we can see price isn't going upwards but downwards. Now there's a new low created and the hall Mark of a downtrend is the ability of the market to create lower lows and lower highs. Fibonacci levels are in place, if price gets to the 50 and 61.8 levels I'll be waiting on a Bearish reversal candle stick pattern as my signal to sell.
Risk will be 0.5% and targets around 1% of my account
EURJPYEUR/JPY represents the exchange rate between the euro (EUR) and the Japanese yen (JPY). It shows how many Japanese yen are needed to buy one euro. This pair reflects the economic relationship between the Eurozone and Japan.
The exchange rate is influenced by factors such as monetary policies of the European Central Bank (ECB) and the Bank of Japan (BoJ), interest rate differentials, inflation data, and global economic conditions. The BoJ often maintains low or negative interest rates, which can weaken the yen against the euro.
EUR/JPY is popular among traders for its volatility and liquidity. It is often used to gauge risk sentiment, as the yen is considered a safe-haven currency during market uncertainty.
EURJPY - ShortEURJPY Analysis - SELL 👆
In this Chart EURJPY H3 Timeframe: By Nii_Billions.
❤️This Chart is for EURJPY market analysis.
❤️Entry, SL, and Target is based off our Strategy.
This chart analysis uses multiple timeframes to analyze the market and to help see the bigger picture on the charts.
The strategy uses technical and fundamental factors, and market sentiment to predict a BEARISH trend in EURJPY, with well-defined entry, stop loss, and take profit levels for risk management.
🟢This idea is purely for educational purposes.🟢
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EURJPY 100-300 pips potential sell signal Our previous trade on this pair was 100+ pips successfully
We plan to sell around 160.60, as we see signs of a double top on the 4-hour chart and a continuing downtrend. Although a small bounce or correction may occur, we expect gains to be limited due to Ichimoku cloud resistance.
If the price breaks below 159.57, which is our initial target, we see further downside toward 156.80, offering a potential move of about 400 pips. Fundamentally, the possibility of a Bank of Japan rate hike supports the idea of Japanese Yen strength, adding more weight to a downward move in EUR/JPY.
Key Support Levels:
159.57
156.80
EURJPY H4 | Bullish Bounce offBased on the H4 chart, price is falling toward the buy entry at 159.27, which aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci projection. This level is expected to act as a strong entry point in the bullish setup.
Our take profit is set at 160.88, targeting a key resistance level, marking a logical exit point for the trade.
The stop loss is set at 157.73, below the 161.8% Fibonacci extension, providing room for price fluctuations while protecting against invalidation of the bullish bias.
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EURJPY Wave Analysis 16 January 2025
- EURJPY broke support zone
- Likely to fall to support level 158.00
EURJPY currency pair recently broke the support zone located between the key support level 160.200, (which has been reversing the pair from December) and the 50% Fibonacci correction of the upward ABC correction 2 from last month.
The breakout of this support zone accelerated the active short-term impulse wave iii of the higher impulse waves 3 and (3).
Given the strong bullish yen sentiment, EURJPY currency pair can be expected to fall to the next support level 158.00, the target price for the completion of the active impulse wave iii.
16-1 EURJPY: Here we have a clear downtrend that can still make steps for 1.72% towards 156.991. Our signal system gives an extra bearish Score of -9 consisting of Cot Data 2, Retail sentiment 0, Seasonality -1, Trend reading-2, GDP -1, Manufacturing PMI -2, Services PMI 0, Retail Sales -2, Inflation -1, Employment Change 0, Unemployment Rate 0, Interest Rates -2 We have entered a sell series starting at 159.761, the bottom of today's price.
EURJPY: Bullish Continuation & Long Trade
EURJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy EURJPY
Entry Level - 160.51
Sl - 159.60
Tp - 162.26
Our Risk - 1%
Start protection of your profits from lower levels
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EUR/JPY BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
We are now examining the EUR/JPY pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 163.892 level.
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EURJPY: Bearish Signals Strengthen: EURJPY Under PressureEURJPY: Bearish Signals Strengthen: EURJPY Under Pressure
The uncertainty surrounding a potential BoJ rate hike might weigh on JPY pairs.
However, the sell-off observed across all XXJPY pairs suggests a different narrative. This could be attributed to behind-the-scenes actions by the BoJ that have not been made public.
All JPY pairs have been gradually releasing liquidity since the end of last week.
EURJPY has already broken down from a strong structural zone, confirming a double-top pattern. Following any minor correction, EURJPY is likely to continue its downward movement, with support zones at 159.60 and 157.30. We should expect price reactions near these areas.
You may find more details in the chart!
Thank you and Good Luck!
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EURJPY → The fall may continue after the correctionFX:EURJPY is under pressure. The currency pair is breaking the local uptrend. Technical and fundamental background is weak, which in general can put pressure on the market.
Globally, the currency pair has no trend and is trading within the range of 166 - 156. The last growth attempt was unsuccessful, the price could not approach the intermediate maximum and facing a strong bear the price turned around and fixing below the SMA headed to the lower boundary of the flat.
Locally, the change of character to bearish is confirmed, but before further fall the price may form a correction, for example, to 0.5 Fibo (imbalance zone), or to local zones of interest, but in the medium term the fall may continue.
Resistance levels: 162.3, 163.1
Support levels: 160.9, 159.8
A false breakdown of local support is formed, which may lead to correction, but since we have confirmation that the market is bearish, after the correction the fall may continue.
Regards R. Linda!