EURJPY - NON trending market with Support and Resistance PlayingMarket is non trending. we have drawn support and resistance. Buy STOP and Sell stop pending orders have been placed accordingly with RR 1:1 and 1:2
JPYEUR trade ideas
EURJPYIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
EUR strengthGiven the recent signs of strength in the Euro against the US dollar, taking a long position in EUR/JPY appears to be a promising strategy.
Long EURJPYLong EURJPY
Script/Pair Pick:
Fundamental & Sentiment Analysis:
Entry Pick on:
Moving Average
Heiken Ashi Entry
EURJPY Faces Key Support TestHello,
FX:EURJPY is approaching a key support test that will challenge the 1-month support structure. So far, the 1-day support has held strong. While a downside isn't guaranteed, it remains highly probable.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
Eurjpy H1 forecast In EUR/JPY, we are currently watching for a potential reversal move. Generally, price is expected to break lower liquidity and may initiate a buy move from the POI zone afterward. On the H1 timeframe, we can see that the price respected the first FVG and created a second one. We expect that the price may respect this new FVG and start a downward move in a potential reversal.
EURJPY BEARJust like the other pair i sent out there is a higher start due to the wick but the bear set up has two targets...
EUR-JPY Growth Ahead! Buy!
Hello,Traders!
EUR-JPY is trading in a
Strong uptrend along the
Rising support line so after
The retest we will be expecting
A further bullish move up
Buy!
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EURJPY UPDATEhi all
this my trade plan for this week..
good luck
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading my skills also for my trade journal**
Thanks a lot for your support
EUR_JPY WILL KEEP GROWING|LONG|
✅EUR_JPY is trading along the rising support
And as the pair will soon retest it
I am expecting the price to go up
To retest the supply levels above at 167.000
LONG🚀
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#EURJPY: 156 TO 166 A total of 1000+ pips emerging! Daer Traders,
We are witnessing a bullish reversal on EURJPY and that is why we think price is likely to continue going up. With possibility of price reaching towards a level of 166 which is a key level where we have fair value gap within the chart frame. good luck
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 158.543 area.
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EUR/JPY 170 Level for shortIn the coming months, I believe that every XXX/JPY pair will probably remain in a prolonged downtrend that will be combined with recession fears for the US and EU. The euro is not at its strongest position currently, and the market knows that continuous war outbreaks and conflicts (Ukraine-Russia, Iran-Israel, China-Taiwan) will only add more pressure and volatility to an overvalued currency of a block that is dependent deeply on foreign countries regarding its trade flows and energy demands. Thus, I believe an imminent devaluation of the euro will be unavoidable in 2025. The yen will benefit from the current financial conditions with volatility staying elevated in the equity and currency markets.
EURJPY bullish ideaJump from a big resistance area and we are in a wedge upwards.
It is only technical analysis. Good luck
EUR/JPY Analysis: Bullish Momentum Supported by ECB-BoJ Policy The EUR/JPY pair currently shows potential for upward movement, supported primarily by the ongoing divergence in monetary policies between the European Central Bank (ECB) and the Bank of Japan (BoJ).
The ECB's hawkish stance, involving rate hikes to manage inflation, contrasts sharply with the BoJ's ongoing zero-interest-rate policy and quantitative easing. This divergence has historically supported the Euro's appreciation against the Yen, as investors favor higher-yielding currencies.
Technical Analysis Insights:
Trend Indicators: The overall trend indicators, including moving averages, lean bullish on higher time frames. Shorter-term moving averages confirm the upward momentum, aligning with the macroeconomic outlook favoring the Euro.
Oscillators: Most oscillators currently show neutrality, with some indicating a buy, suggesting that while momentum remains positive, the pair could experience periods of consolidation.
Resistance and Support Levels:
Key resistance is identified near recent highs, while support rests around significant moving average levels and prior swing lows. This setup suggests that, although the current momentum is upward, any risk sentiment shift or unforeseen economic events could lead to volatility, impacting the upward trend.
Prediction
Given these indicators and the fundamental backdrop, the EUR/JPY is likely to maintain a gradual bullish trend in the short to medium term, with potential fluctuations depending on global economic factors and any shifts in the ECB or BoJ's policy stance.
Note: There is an OPEN GAP at lower levels.
Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Always consider your risk tolerance and consult with a financial advisor before making trading decisions.
EURJPY 4hr LongEURJPY
🚀4hr Long🚀
💰ENTRY: 165.879
👎STOP LOSS: 164.938
TP TARGETS
⏰TP1: 166.819
⏰TP2: 167.711
⏰TP3: 168.653
✅ 1. Daily Time Frame: Price has been breaking bullish and trending above the 10/50/200 EMAs.
✅ 2. 4hr Time Frame: Price has made a valid pullback into the 10 EMA with at least 2 bearish candles.
✅ 3. Price has made a 123 Advanced Engulfing candle above the 50ema.
This is a great example of the 123 Advanced Engulfing strategy.
Swing Trade Idea #1Price has now break above strong support/resistance (supply and demand zone), a very well respected area. Now we wait for the price to retest the demand zone to buy, with my strategy it could be a 60% grade.
EURJPY Poised to Resume Upward Movement After Small CorrectionEURJPY Poised to Resume Upward Movement After Small Correction
At the start of the new week, all JPY pairs increased significantly.
The bullish wave was triggered by the Liberal Democratic Party (LDP) of Japan losing its outright majority in the lower house for the first time in 15 years.
Voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling coalition, leaving no party with a clear mandate to lead the world's fourth-largest economy.
Technical Analysis:
On the 60-minute chart, the price broke out aggressively during the night, reaching 166.07.
So far, it appears to be a normal correction, and the bullish wave may resume soon, with EURJPY potentially rising further to 166.40 and 167.40, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
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EURJPY - Whatch Resistance#trading_idea 💡
🇪🇺🇯🇵 #EURJPY - Whatch Resistance
On the 4H chart, an ascending triangle pattern is forming. The price is testing resistance at 165.96. MACD points to a possible correction downwards while Bulls & Bears indicator shows the power of bears.
🔼 If buyers have enough strength to break the resistance 165.96, the price will most likely rise to 166.632.
🔽 If the sellers' pressure continues, the most likely scenarios are reaching local support levels 165 or lower.
🔷 React with "👍" if you foresee the price growth and "👎" if you believe it will decrease
➡️➡️ TRY SABIOTRADE NOW
DeGRAM | EURJPY pullback from resistanceEURJPY is moving in an ascending channel above the trend lines.
The price has reached the resistance level, which coincides with the important psychological value of 166.
The chart has formed but not closed the gap.
We expect a pullback.
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EUR/JPY Weakness Post BOJ Comments - Further Direction?Governor Ueda was on the wires last night with variance comments supporting a slightly stronger Yen.
Lots of caution was issued but overall seems that slight leaning to hikes/when they'll be has given a bit of a shift in sentiment.
Unlikely BOJ will allow another series of devaluation and likely look for rate hikes to control currency rates VS major economies.
Any shorts for me are higher up the FIB scale (and value scale). If no real follow through comes would not be surprising to see this occur.
