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Euro / Japanese Yen

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EURJPY trade ideas

EUR/JPY may rise 113 - 167 pipsOur pivot point stands at 162.99. Our preference As long as 162.99 is support look for 165.37. Alternative scenario The downside breakout of 162.99 would call for 162.09 and 161.56. Comment The RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 163.63 and 162.81). Supports and resistances 166.43 ** 165.90 * 165.37 ** 164.83 163.70 last 163.34 162.99 ** 162.09 * 161.56 ** Number of asterisks represents the strength of support and resistance levels.
Long
by Daniel_Thompson
EURJPY: UGLY and BULLISHEURJPY: UGLY and BULLISH The market is talking about the rising odds that the BoJ may adopt a hawkish stance amid upbeat GDP data . GDP growth raises odds of another BoJ's rate hike Japan's Gross Domestic Product increased by 0.8% in Q2, marking the strongest quarterly growth since Q1 of 2023. However, despite the speculative news and everything that is going on, all XXXJPY pairs are holding strong increasing the chances of growing further. They are all moving slowly with very ugly patterns, but once the bullish movement starts it should not be stopped easily. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
1
Overlap support ahead?EUR/JPY is falling towards the support level which is an overlapa support that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 159.49 Why we like it: There is an overlap support level which lines up with the 38.2% Fibonacci retracement. Stop loss: 157.256 Why we like it: The3re is a pullback support level which aligns with the 61.8% Fibonacci retracement. Take profit: 164.87 Why we like it: There is a pullback resistance level which aligns with the 78.6% Fibonacci retracement. 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