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EURJPY

EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
1
Strifor || USDJPY-09/29/2023Preferred direction: Neutral Comment: There is no need to expect shorts just yet, and most likely the best option would be to wait for the approach to level 150, from where one can gradually gain shorts. Entry into the sale of this currency pair is meant to be multi-level. In the medium term, before the fall, it will most likely exceed the level of 150. In this scenario, it is expected to gain shorts several times. In a more positive scenario, the pair will fall from the 150 level, but it should be noted that this is unlikely. Thank you for like and share your views!
by Strifor
1
EURJPY Will Explode! BUY! My dear friends, My technical analysis for EURJPY is below: The market is trading on 157.53 pivot level. Bias -Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 158.13 Recommended Stop Loss - 157.19 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Range-bound EUR/JPY: Is Distribution in Play?A few days back I discussed UsdJpy, saying that even though there is a high divergence between FED's and BoJ's policy, at the same point the pair could reverse hard. In EurJpy's case, however, things are not exactly the same and technically, we even have strong signs of topping. Looking at the h4 posted chart we could see that for a month and a half now the pair is in a range and in fact, it looks like pressing down so it could be in fact, distribution. That being said, as long as 158.50 is intact, I looking to sell rallies in anticipation of a break under support. As for the target, 153 is a pretty reasonable one if we have a genuine break
Short
by Mihai_Iacob
2
EURJPY; Trade what you see, not what you think!(It is time to start a fresh EURJPY post - once again -, the previous one(s) having grown too long to remain practical.) The Weekly - With special attention to the two, most recent Hammers; The Daily - With it's completed H&S, including the neckline break; (All the visible patterns were also updated on these charts due to some earlier inaccuracies - misalignment - which snuck onto the previous versions of these charts - mostly on the higher time frames.) Actively looking for a SHORT Entry here! (if not Short, yet.)
by Nemo_Confidat
2
Eur/Jpy Selling on the back of EUR weaknessQ1-2023. High energy costs and elevated inflation are increasingly weighing on Eurozone real household disposable incomes, even if overall inflation pressures are not as broad-based as in some other major economies. In addition, disruptions to energy imports from Russia (oil and natural gas, both planned and unplanned) have the potential to further elevate energy prices or weigh more directly on production. To be sure, the starting point for Eurozone finances is quite sound, with nominal income growth largely keeping pace with inflation and the household saving rate still high by historical standards. But, as those supportive household finances begin to wane over time, we believe consumer spending will increasingly come under pressure. In addition, manufacturing activity could be impacted more directly by energy disruptions, and ta;ls pf U.S. recession could also weigh on the Eurozone economy. This could also force buyers into safe havens such as JPY, hence why we chose EURJPY to short. Sell Now: 138.990 TP: 137.260 Sl: 140.053 (110pips)
Short
by Elite_Forex
EURJPY Ready for a Descent?The EUR/JPY continues to depreciate for the tenth consecutive day, with resistance at 158.17 and proximity to the Ichimoku Cloud (Kumo) suggesting potential downside risks. Currently trading at 157.60 (-0.19%), the Euro is weak due to recessive prospects in the Eurozone. The ECB is maintaining steady rates, following the Fed's approach of keeping rates higher for a longer period. This, combined with concerns about possible Japanese intervention in the Forex market that could strengthen the yen, keeps traders on hold. In the daily chart, the EUR/JPY shows a sideways trend with key resistance at 158.17 and potential targets at 158.65 and 159.00. In the hourly chart, lower highs are evident, suggesting a bearish outlook, awaiting a low below 157.03. The first support is at 157.48, followed by 157.11 and 157.03, while resistance is at 157.69, 157.79, and 158.00. The expectation remains bearish. Regards, Nicola, CEO of Forex48 Trading Academy.
Long
by Forex48_TradingAcademy
1