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EURJPY

EUR/JPY has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 165.195 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 164.439 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Take profit: 166.00 Why we like it: There is a resistance level at the 127.2% Fibonacci extension. 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.
Long
by VantageMarkets
SHORT EUR/JPY 165.59Trading FX is a risk/reward exercise. And the greatest reward for the least risk is taking trades that relying on experience. I've traded Fx for over 20 years so I recognize chart patterns and price movements without really thinking about hem. If I was teaching how to trade FX I would be advising novice or inexpereinced tarderes NOT to take a trade like this but I'm shorting this pair for the following reasons. a). Risk/reward is massively in my favour. I can get a SHORT trade on with a 20 pip STOP. b). We are at WR1 Pivot area and this is a universally known area where SELLERS MAY enter the market. c). The last 4 15m candles have been doji indecision candles. d). RSI on multiple time frames is high (70 on H4 and high 60's H1, 30M, 15M). e). 15M Andean Oscillator sees the red SELL line lifting away from zero. Put these together and this "looks" a SHORT trade but there's always the chance EUR/JPY BULLS hace not finsihed with this pair. f). we have a nice candle tweezer pattern on H1 right at resistance. It should be noted that it's 24 years since this pair was at 165.60 so its highly likely that we are looking at a short term retracement but this could be back to the 200 EMA on M15 which would be 164.91 (+68 pips). If this trade does take off and there is strong selling momentum then 164.50 is posssible.
Short
by forextraplaces
2
EURJPY Under Pressure! SELL! My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 165.54 Bias - Bearish Safe Stop Loss - 165.99 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 164.75 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EUR/JPY: Technical Analysis Points to Potential Bearish SetupThe EUR/JPY cross has seen continued growth for the third consecutive session, currently hovering around 165.10 as of the time of writing. This upward movement comes amid mixed Purchasing Managers Index (PMI) data from Germany and the Eurozone, which has contributed to the Euro gaining ground against the Japanese Yen. Taking a closer look at the technical aspect, the pair remains within a range-bound area, characterized by price movements bouncing between support and resistance levels within a linear rectangle formation. Particularly noteworthy is the rejection of both supply and demand areas by the price action, alongside indications from the stochastic indicator suggesting potential reversal signals. Analyzing the signals provided by the stochastic indicator, divergence is observed on lower timeframes (including daily) alongside an overbought condition on the H4 timeframe. These indicators collectively point towards a possible bearish setup in the making. Based on the identified clues and signals, attention is drawn towards a potential bearish scenario, with the expectation of the price retracing towards the middle of the rectangle, precisely at the Point of Control (POC) value. Subsequently, there's anticipation for a continuation towards the lower side of the pattern. As traders assess these technical indicators and market dynamics, the potential for a bearish setup in the EUR/JPY cross is on the radar, signaling a strategic opportunity for those positioning themselves accordingly in the forex market.
Short
by FOREXN1
5
EUR/JPY (Swing) Short IdeaAfter seeing a spike upside sweeping out liquidity, price swiftly caused a Shift in structure to the downside leaving some imbalances along the way, over time price has collectively moved back to the upside showing little bullish strength… Returning to my areas of interest i.e fib entry zone and supply zones. Dropping to lower tfs we have now made some additional structural shifts downside giving me more confirmation for short positions.
Short
by CMCapitalSteve
EURJPY Will Collapse! SELL! My dear friends, EURJPY looks like it will make a good move, and here are the details: The market is trading on 164.86 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 164.12 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EURJPY - Wait For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURJPY has been overall bearish , trading within the falling flat wedge pattern in red. Currently, EURJPY is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a demand zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green demand zone. 📚 As per my trading style: As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
Strifor || USDJPY-17/04/2024Preferred direction: SELL Comment: All previous long trades that we gave for this pair earlier have been closed. Today we are looking at the long-awaited short that so many have been waiting for. However, everyone needs to realize that we are considering this sell trade more in the short term. The global uptrend is strong and is likely to continue. Looking at a global picture, we can suppose that the current trend will continue towards 160 and higher. Today we indicate two scenarios with a target at the level of 153.222 , but one can also consider target №2 at the level of 151.786. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
9
EUR/JPY H4 | Heading into overlap resistance?EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop lower. Sell entry is at 164.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level. Stop loss is at 165.45 which is a level that sits above a multi-swing-high resistance. Take profit is at 163.61 which is a pullback support that lies above the 50.0% Fibonacci retracement level. 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. 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 Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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
EURJPY to see a temporary move higher?EURJPY - 24h expiry Price action looks to be forming a top. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 165.00 (stop at 165.50) Our profit targets will be 163.80 and 163.50 Resistance: 165.35 / 167.35 / 168.95 Support: 161.90 / 160.00 / 158.70 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