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Japanese Yen/Euro

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JPYEUR trade ideas

EURJPY to find sellers at market price?EURJPY - 24h expiry Buying pressure from 156.17 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Further downside is expected although we prefer to sell into rallies close to the 158.60 level. We look to Sell at 158.60 (stop at 159.43) Our profit targets will be 156.22 and 154.40 Resistance: 159.10 / 160.55 / 162.00 Support: 157.05 / 154.40 / 151.10 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Buy OpportunityTrade Setup: Long (Buy) Entry Price: 158.661 (current price level) Take-Profit (Target): 164.850 (upper resistance zone with a potential gain of 3.9%) Stop-Loss: 156.112 (below the marked support zone to protect against downside risk) Risk-Reward Ratio (RRR): Approx. 1:2.4 (favorable for a long trade) Position Details: Reason for Entry: Price action suggests a reversal near the support zone, with bullish momentum building. Momentum indicator (Squeeze Momentum) shows a potential upward shift. Price is within a retracement, and the upside target aligns with resistance at 164.850. Stop-Loss Justification: Placed below the strong support at 156.112 to allow for minor fluctuations. Take-Profit Justification: Key resistance level at 164.850 aligns with the previous high and projected bullish trajectory.
Long
by GODOCM
EURJPY Analysis - Bullish - Trade 05EUR/JPY Analysis Overview --- 1. Seasonality EUR: Strong seasonal buy signal for first week of December. Historically, EUR tends to perform well during the early part of December, particularly as year-end market dynamics drive demand for European assets. JPY: Seasonal performance is mixed to weak in first week of December, suggesting potential weakness for JPY in this period. --- 2. COT Report EUR: COT RSI: At the bottom (0%) for 52 weeks, 26 weeks, and 13 weeks, signaling an oversold condition, suggesting a buy setup for EUR. Non-commercial Positioning: Non-commercial long positions are decreasing, short positions are increasing, but net non-commercial is still decreasing. This indicates that while there may be some sell-side pressure, the market may be nearing a reversal, with less aggressive short interest. COT Index: At the bottom (0%) for 3-year and 1-year periods, indicating a strong potential for EUR to rise from this point. JPY COT RSI: At the middle, indicating a neutral stance. This is less of a concern compared to other currencies, but it points to a market that is less bullish on JPY. Non-commercial Positioning: Non-commercial long positions are increasing, short positions are also rising, and net non-commercial is decreasing. This suggests that JPY has some strength but is facing growing pressure from increased short positions. COT Index: Neutral positioning, which does not indicate any clear bullish or bearish bias. --- 3. Fundamental Analysis LEI (Leading Economic Indicators) Global: Increasing LEI suggests positive global economic momentum, supporting the EUR. EUR: Positive LEI, indicating economic growth and improving outlook for the Eurozone. JPY: Decreasing LEI, signaling a potential slowdown or economic stagnation in Japan, which is bearish for JPY. --- Endogenous Factors EUR: Increasing endogenous factors, indicating positive growth in the Eurozone. Economic recovery is likely to continue through the end of the year, supporting EUR strength. JPY: Mixed to increasing endogenous factors, suggesting some potential for JPY to strengthen but not strongly enough to outperform the EUR. --- Exogenous Factors EURJPY: Exogenous factors support a buy EUR, sell JPY strategy due to the relative strength of EUR and the weakness in JPY from factors like EURJPY = Buy and EURUSD = Buy signals in exogenous correlations. EUR/JPY Pairs: Strong support for EUR in the cross-pair comparisons (EURJPY = Buy) and weak performance from JPY, confirming a bullish stance for EURJPY. --- 4. Technical Analysis RSI Divergence: The RSI for EUR/JPY is not in overbought territory, suggesting room for further upside. Support Levels: There is days support level from which the pair has bounced and is likely to continue upward if it maintains above these levels. --- Bias: Long EURJPY Conclusion: The combination of favorable seasonality, positive COT signals for EUR, strong fundamental support from global and Eurozone LEIs, and bullish technical indicators positions EUR/JPY for further upside. The relative weakness of JPY and its mixed economic signals reinforce the bias to go long on EUR/JPY. --- Trade Plan Entry: 157.241 SL: 156.020 TP: 158.462
Long
by asadamalik
EURJPY Analysis- Bullish - Trade 01 Seasonality During the last week of November and the first week of December, the EUR shows bullish momentum, while the JPY exhibits bearish tendencies, making EURJPY overall bullish. COT Report According to the COT report, the EUR is close to the 0 level, suggesting a potential reversal. The JPY is at 50%, indicating a neutral stance. This combination points to a possible reversal in EURJPY. Fundamental Analysis For EURJPY, the LEI is rising, the endogenous factors are mixed, and the exogenous factors are also increasing. This favors the EUR, indicating a buying opportunity. Technical Analysis On the daily chart, EURJPY is at the 0.618 Fibonacci level and a weekly resistance zone. An entry will be considered on the 1-hour chart if it breaks the previous lower high, with the stop-loss set at the previous lower low. Trade Plan Entry: 160.169 SL: 159.000 TP: 161.337
Long
by asadamalik
EURJPY Is the Bullish Party Over or Just Taking a Breather?The pair is coming off a recent lower high, signaling a potential shift from the previous bullish trend. A minor pullback has formed near the 156.90 support zone, which aligns with prior structural levels. RSI hovers near neutral (40-50), suggesting that momentum has cooled but not yet oversold. This indicates a wait-and-see phase before the next directional move. The MACD histogram is firmly in bearish territory, confirming downward momentum. However, the histogram is narrowing, which could point to weakening bearish pressure. A bounce off 156.90 coupled with bullish divergence on the RSI or MACD would indicate a potential reversal back toward resistance at 158.00 or higher. If price breaks below 156.90, expect a move toward 154.60, with bears likely targeting this zone.
Long
by Horazio
1
EURJPY Dec24 Fund Analysis - First Half Bullish - 2nd Half BeariEURJPY: LEI, ENDO and EXO SUMMARY LEI DECREASING, ENDO DECREASING, EXOs INCREASING, EXO+LEI INCREASING and FINAL SCORE INCREASING. 1. EURJPY has weak ENDO but strong EXO, that is why Final Score is INCREASING. 2. EUR is stronger from perspective of EXO. 3. But JPY is stronger from ENDO perspective. CONCLUSION: On Daily Timeframe, overall EURJPY might go BULLISH initially, but JPY ENDO might have a bearish impact to bring EURJPY SIDEWAYS or BEARISH. So the somewhat mix ENDO and EXO factors can keep the pair sideways for a week on Daily time frame. NEWS EVENTS Two major news events about INTEREST RATE for EUR and JPY on 12 Dec (EUR) and 19 Dec (JPY). 1. If the INTEREST DIFFERENCE between (EUINTR - JPINTR) would decrease (i.e. Either EUR rate decrease or JPY rate Increase) then EURJPY would become Bearish, matching the seasonal of second half. 2. Similarly if the difference between the Real Interest Rates would decrease, then EURJPY would become Bearish, matching the seasonal of second half. EURJPY: SEASONAL ANALYSIS a. BULLISH: From 02 - 13 DEC b. BEARISH: From 19 - 27 DEC COT REPORT Latest COT data is not available for sure anlysis but the past data of 19 Nov signals a EURJPY Berish reveral, matching the seasonal and news event analysis. QUATITATIVE ANALYSIS 2. On Monday, 2nd Dec, Bearish trend will follow. H1 and H4 trades my hit TP. 3. On Tuesday, 3rd Dec, we might see Bullish reversal. Daily Trade Plan need revisiting 4H ANALYSIS TREND: Strong Bearish DIVERGENCE: Bullish Div present but waiting to be played HEIKIN-ASHI: Bearish moemntum confirmed. FIB: Daily Level 78.6% is tested as resistance. But momentum is strong and it might break it. S&R: Support at 157.2 and current price is 157.82. High probability that this resistance will be reached. EMA: Price Below 200 EMA ALLIGATOR: Mouth is open supporting strong bearish movement. Scho-RSI: Again turning down 4H TRADE PLAY: STRONG BEARISH BIAS Entry: 157.84, SL: 160.57, TP1: 155.9, RR:1 1H ANALYSIS TREND: Strong Bearish DIVERGENCE: Bullish Div present but waiting to be played HEIKIN-ASHI: Bearish moemntum confirmed. FIB: Bullish retracement happened till 38.2% and then bearish movement happened S&R: Resistance at 158.9 is respected EMA: Price Below 200 EMA ALLIGATOR: Mouth is open supporting strong bearish movement. Scho-RSI: Again turning down 1H TRADE PLAY: STRONG BEARISH BIAS Entry: 157.8, SL: 159.2, TP1: 156.2, RR:1.14
by haroonraees
2
EUR/JPY - 15 mins SELL 1. Current Price Context: The price is trading below a major resistance zone (highlighted in red). It has broken out of a consolidation or smaller rising wedge, indicating bearish momentum. Support Zone: There is a green demand zone below the current price, which is a potential target area for the sell position. 2. Confirmation for the Sell: Bearish Confirmation RSI: Trending below 50, confirming bearish momentum without signs of bullish divergence. MACD: Bearish crossover indicates downside continuation. Stochastic: Overbought and turning downwards, reinforcing sell signals.
Short
by tamrobert20
EUR/JPY Near Key Support: Bounce or Break Ahead?EURJPY is at a critical juncture, with 157.00 acting as a make-or-break zone. Monitor for a bounce or a decisive breakdown to gauge the next significant move. The pair has been in a clear downtrend, reflected by consistent lower highs and lower lows on the chart. Price is currently trading near a potential support zone around 157.00, which aligns with previous bounce levels. The RSI is nearing oversold territory, indicating a possible short-term bounce. Enter long positions on confirmation of a bounce near 157.00, Short positions can be taken on a break below 157.00, targeting 156.00 and beyond.
Long
by Horazio
1
Sunday Reset for TradersSundays are the perfect opportunity to step back and prepare for the upcoming trading week. Here are a few things you can do today to sharpen your edge: 💭 1. Reflect on Last Week: Review your trades: What went well? What could you have done better? Look for patterns in your behavior—did emotions like fear or greed creep in? 🧠 2. Fine-Tune Your Strategy: Use the quiet time to refine your trading plan. Double-check your risk management rules and ensure you're staying disciplined. 📚 3. Study and Learn: Read a trading book, watch educational videos, or revisit your journal. Focus on mastering your psychology—trading is 80% mindset, 20% execution. 🗓️ 4. Prepare for the Week Ahead: Analyze key markets and identify potential setups. Highlight major economic events that could impact your trades. 🛑 5. Take Time Off the Charts: Relax, spend time with loved ones, or meditate. A clear mind is your best trading tool. Success in trading starts with the habits you build outside of market hours. What’s your Sunday routine? Share below!
by Safaric
EUR/JPY Eyes Key Lows Amid 1Y Pivot RetestHello, FX:EURJPY pair recently faced rejection at the 160 level, as highlighted in the previous analysis. The price is now heading toward testing key lows from the past 3 months, 6 months, and 1 year, situated at 155.146, 154.405, and 153.146, respectively. It appears increasingly likely that the 1-year pivot point (PP) will be retested. Key support levels to monitor are 158.286 and 157.616. If these supports fail to hold, the pair may experience further downside momentum. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EURJPY I Potential retracement and more downside Welcome 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!
Short
by BKTradingAcademy