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Japanese Yen/Euro

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JPYEUR trade ideas

Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 172.01 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 173.15 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Take profit: 170.30 Why we like it: There is an overlap support level. 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
EURJPY: Simple Trade Plans UpdateAlike various JPY pairs, the lack of demand for the yen has caused it to weaken significantly over time. This is because rates remain high across the board in other major economies. There is therefore, little reason to buy Yens when you have the opportunity to invest in currencies with a higher rate of return. The only thing, realistically, that would bring down JPY pairs is a fast cycle of hiking from the BOJ OR Intervention. Traders already know lots of major economies are looking to ease (Canada, Eurozone, GB). The BOJ is concerned mostly with the rate of decline/weakness, not necessarily the overall price at this point. Rising above the previous high this quickly may become concerning. This warrants light shorts, with concise risk management. Buying now, at extreme highs, is never wise.
Short
by WillSebastian
EURJPY - BuyThe EURJPY pair surprised everyone this morning with a sharp drop, wiping out potential buyers clustered around the key support level of 172.0 This unexpected move might leave some hesitant, but I see it as a buying opportunity. Downward Correction, Not Reversal: While the recent drop was significant, it's important to remember the bigger picture. The EURJPY has been trending upwards for a while now. This could be a healthy correction within the uptrend, shaking out weak hands before the climb resumes. Key Support Still Holding (For Now): The most encouraging sign is that the price found support around 17.75 and bounced back slightly. If this level holds, it reinforces the bullish trend. Entry: 170.911 Stop: 170.502 Profit: 172.857 Good luck and always manage risk. I am risking 1% looking for 6%.
Long
by xrpbilbs
EURJPY - Short idea !! Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Price started to form lower lows and lower highs, so I look for short position. I wait price to continue the retracement to fill that huge imbalance higher and then to reject from bearish order block + institutional mid figure 172.500. Fundamental news: Tomorrow (GMT+3) we have Interest Rate on EUR, news with high impact on currency. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Finally set up for the day on EURJPYEUR/JPY has shown considerable strength over the past few months, recently breaking an all-time high. However, I am now anticipating a downward move. Last week, on Thursday and Friday, I observed a significant reaction to the news release, which drove the price down. Since Monday, the price has been consolidating, and as of this morning, it has dropped further from its correction phase. Currently, the price action is forming a continuation flag pattern. Based on this analysis, I will place a pending order for this trade.
Short
by Ishmaeltrades
Could EUR/JPY bounce from here?The price is falling towards the pivot which acts as an overlap support and could potentially bounce to the pullback resistance. Pivot: 172.42 1st Support: 171.99 1st Resistance: 173.27 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
EURJPY Long on 4HEXY has been observed Bullish on 4H whereas JXY is observed Bearish on the same TF. Therefore we have established a Long bias on EURJPY. Upon inspection of NYSE:H price chart of EURJPY, it has been printing HHs and HLs and started consolidating near recent HL. However, the pair is likely to resume the uptrend based on overall chart assesment. It may also be observed that the recent HL has been printed in the Golden Pocket of 50-61.8% fib. A long entry is planned on upward break of resistance level at 173.003-173.493. RRR of 1:1 is set. Entry, SL and TP have been proportionately marked on chart.
Long
by UsmanFarouk
EURJPY POSSIBLE BUYThe market is currently reacting to the structure plus there's a reversal chart pattern forming on the 4HR TF. Possible to see buyers coming in should the current level hold Let's see how this will unfold Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
1
EURJPY Trade Signal: Buy OpportunityTraders, we have identified a promising trade opportunity for the EURJPY currency pair. Below are the details of the trade: Direction: Buy Enter Price: 172.224 Take Profit: 172.66633333 Stop Loss: 171.66733333 This trade recommendation is based on comprehensive analysis and the use of the EASY Quantum Ai strategy. Several factors contribute to our bullish outlook on EURJPY: 1. Technical Analysis: Recent price actions indicate a bullish trend supported by strong moving average patterns. The pair has broken key resistance levels which now serve as strong support, suggesting further upward movement. 2. Economic Indicators: The eurozone's positive economic data, including a recent surge in retail sales and industrial production, supports euro strength. On the other hand, Japan’s economic indicators show stagnation, thus favoring a weaker yen. 3. Market Sentiment: Sentiment analysis tools show a predominance of bullish sentiment among traders and institutional investors. Increased risk appetite is boosting demand for higher-yielding currencies like the euro. 4. Algorithmic Confirmation: Our EASY Quantum Ai strategy consistently signals a buy opportunity, corroborated by multiple algorithmic indicators pointing toward the uptrend continuation. Given these factors, we advise entering the buy position at 172.224 with a take profit level set at 172.66633333 and a stop loss at 171.66733333 to manage risk effectively. Happy Trading! Risk Disclaimer: Trading forex involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks before trading.
Long
by ForexRobotEasy