Falling towards overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 162.11
1st Support: 160.37
1st Resistance: 164.43
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.
EURJPY
EUR/JPY restructure into an ascending channelHi guys, we will be looking again in the EUR/JPY Pair as it has broken it's structure quite heavily compared to my previous analysis. Currently we have two options because the pair has dropped towards the lower support level, which we find big amount of support coming in from the buyers.
Option 1 - Entry from the current price with two targets :
Target 1 : 159.453
Target 2 : 162. 500
After the 2nd target is reached we should be fully in the ascending pattern then we would revisit with new targets towards the upper resistance
Option 2 - Entry at 155.300 when we physically touch the strong support level and then enter in a full on ascending / bull trend all the way to 162.500
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
EURJPY, BOJ didn't increase the ratesEURJPY / 1D
Hello Traders, welcome back to another market breakdown.
EURJPY is showing strong bullish momentum after the BOJ's decision not to increase rates, breaking through key resistance levels and signaling a potential continuation to the upside. However, the price is making new highs for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo.
EURJPY Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 163.20
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 161.54
Safe Stop Loss - 164.03
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EUR-JPY Will Go UP! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair made
A breakout of the key
Horizontal level of 162.230
Then made a pullback and
A retest and is going up again
Now so we are bullish biased
And we will be expecting a
Further bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Bearish drop off overlap resistance?EUR/JPY has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 162.13
Why we like it:
There is an overlap resistance level.
Stop loss: 164.38
Why we like it:
There is a pullback resistance level that aligns with the 138.2% Fibonacci extension.
Take profit: 159.34
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
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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.
EURJPY Will Go Lower From Resistance! Short!
Take a look at our analysis for EURJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 161.281.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 159.582 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURJPY Set To Fall! SELL!
My dear subscribers,
My technical analysis for EURJPY is below:
The price is coiling around a solid key level - 161.37
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 159.91
My Stop Loss - 162.19
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Scenario on EURJPY 11.12.24In this market we see an ongoing correction which appears to be a triangle, if this were the case then the price would complete 164 and go down if this formation was evaluated as a double bottom or more accurately it would be a running triple bottom and after breaking through the BOS at the 166.5 level we would be here they had a long set up.
Bearish drop off overlap resistance?EUR/JPY is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 162.12
1st Support: 160.34
1st Resistance: 164.02
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.
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 162.300 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 162.300 support and resistance area.
Trade safe, Joe.
EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
It makes sense for us to go short on EUR/JPY right now from the resistance line above with the target of 160.038 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
✅LIKE AND COMMENT MY IDEAS✅
EURJPY What Next? SELL!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 161.26
Bias - Bearish
Safe Stop Loss - 162.54
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 159.06
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EurJpy- Swing idea- Where to sell for 1k+ pips and 1:4 R:R?EUR/JPY traded within a nearly perfect ascending channel from March 2022 to July 2024. This channel, a hallmark of the pair's bullish momentum, was decisively broken to the downside in the beginning of August.
After hitting an all-time high of 175 during the summer, the pair reversed sharply, dropping 2,000 pips and breaking below the channel's long-term support.
The 155-156 zone has since acted as a strong floor, leading to two significant bounces. However, each reversal has failed to breach the old channel support, now turned resistance.
Currently, the pair is in its third bounce from support zone
This time, it is likely to form a lower high compared to previous attempt. I’m eyeing a potential sell opportunity near the 162 zone, offering a compelling 1:4 risk-reward ratio and the potential for a move exceeding 1,000 pips, aligning with the broader bearish outlook.
TradeCityPro EURJPY Analysis Key Opportunities Ahead👋 Welcome to TradeCityPro Channel!
Let’s move beyond crypto and analyze the popular EUR/JPY currency pair from both fundamental and technical perspectives, preparing for potential triggers in the days ahead.
🌍 Fundamental Overview
Monetary Policy: The ECB’s hawkish stance strengthens the Euro, while the BoJ’s dovish policies weaken the Yen.
Economic Data: Eurozone GDP and inflation drive the Euro, while Japan's industrial performance and exports influence the Yen.
Risk Sentiment: The Yen gains during risk-off scenarios as a safe haven, while the Euro thrives on Eurozone stability.
Geopolitical Events: The Euro reacts to EU political shifts, while the Yen benefits from global tensions, such as those in the Middle East.
Yield Differentials: Higher bond yields in the Eurozone compared to Japan attract capital flows to the Euro.
Current dynamics show the Euro is stronger, but shifts in risk sentiment or changes in BoJ policy could favor the Yen.
🕒 4-Hour Time Frame
On the 4-hour timeframe, we’ve seen price rejection from the 166.63 resistance level, followed by a downward move. After breaking the descending trendline, the price retraced to the 50% Fibonacci level, creating potential setups:
📈 Long Position Trigger
After breaking the 159.849 level and Fibonacci resistance, a long entry is viable, targeting 162.104. An RSI breakout into overbought territory could add momentum.
📉 Short Position Trigger
If rejected at resistance and breaking below 159.331, a short position is possible, targeting 157.80 or the significant support at 155.119.
Stay alert for confirmations to act on these scenarios.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
CHFJPY ON THE MOVECHF/JPY is showing strong bullish momentum, supported by a breakout above a key resistance level, with robust bullish candles and minimal upper wicks indicating sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a swift recovery that suggests accumulation by buyers. The pair is trading above a rising intraday trendline, confirming it as dynamic support, and above the 50- and 200-period moving averages, with a golden cross reinforcing the bullish outlook. Bullish divergences on the RSI and MACD highlight strengthening momentum, while increasing volume on upward moves compared to lighter pullbacks signals strong buyer dominance and the potential for further gains.
+ testing all KL, be advised
GBPJPY BEARISHGBP/JPY is displaying bullish momentum, driven by a breakout above a key resistance level, with strong bullish candles and minimal wicks signaling sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a sharp rebound that indicates buyer accumulation. The pair is respecting an ascending trendline, confirming it as dynamic support, and trading above both the 50- and 200-period moving averages, with a golden cross further reinforcing the uptrend. Bullish divergences on the RSI and MACD highlight recovering momentum, while increasing volume during upward moves compared to lighter pullbacks suggests strong buyer dominance and the potential for further gains.
+ this can go two ways : reaching the first KL or the second one just under, globally the movement will be the same
USDJPY BREAKING KEY LEVELS TOMORROWUSD/JPY is exhibiting bearish momentum after a rejection at a key resistance level, with multiple upper wicks indicating strong selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the sharp reversal suggests sellers used this opportunity to enter short positions. The pair has broken below an intraday trendline, confirming it as new resistance upon retest, while bearish divergences on the RSI and MACD signal weakening bullish momentum. Additionally, the price is trading below both the 50- and 200-period moving averages, with a death cross reinforcing the bearish trend. Increasing volume on downward moves compared to lighter retracements further supports the likelihood of continued downside pressure.
+ if not today, Monday is the day the lower KL breaks
AUDJPY BULLISHAUD/JPY appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, indicating strong buyer interest and the absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further reinforces the bullish setup.
On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, signaling that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, driving momentum toward the next major liquidity cluster. Increasing volume and momentum will be key to confirming this potential upward move.
+ testing inferior KL, aiming for higher ones
Bearish reversal off 50% Fibonacci resistance?EUR/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 160.40
Why we like it:
There is an overlap resistance level that lines up with the 50% Fibonacci retraecment.
Stop loss: 161.95
Why we like it:
There is a pullback resistance level that is slightly above the 61.8% Fibonacci retracement.
Take profit: 157.93
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
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.
Heading into 50% Fibonacci resistance?EUR/JPY is rising towards the pivot and could reverse to the 1st support which acts as an overlap support.
Pivot: 160.59
1st Support: 157.98
1st Resistance: 162.16
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.