Get started

Japanese Yen/Euro

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

JPYEUR trade ideas

EURJPY Weekly Analysis and OutlookEURJPY Weekly Analysis and Outlook Following a significant correction as forecasted in our previous analysis, the EURJPY pair is now poised for a continuation of its upward move. Traders should prepare for potential bullish opportunities as the pair resumes its positive momentum. Current Market Overview: The EURJPY has undergone a deep correction, bringing it to a more favorable level for buyers. This pullback has allowed the pair to gather strength, and recent price action suggests a shift towards renewed bullish sentiment. As the pair stabilizes and starts to climb, traders are monitoring for signs of continued upward movement. Expectations and Potential Scenarios: With the EURJPY set to continue its upward trajectory, several scenarios could unfold: Primary Expectation: Bullish Continuation: Following the deep correction, the EURJPY is expected to resume its upward move. This continuation could lead to higher price levels, offering traders opportunities to capitalize on the bullish trend. In this scenario, the pair might target previous highs and potentially move beyond, reinforcing the positive outlook. Alternative Scenario: Temporary Pullback: If the EURJPY encounters minor resistance and experiences a temporary pullback, traders should view this as an opportunity to reassess and look for entry points at lower levels. This minor correction could provide a better position before the upward trend resumes. Monitoring the price action closely will be crucial to anticipate this scenario. Conclusion: In summary, the EURJPY pair is positioned for further upward movement following a deep correction. Traders should watch for continued bullish momentum, which could signal continued gains and a shift to a positive trend. Keeping an eye on both bullish continuation and temporary pullback scenarios will be essential for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
Could EUR/JPY reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support. Pivot: 173.65 1st Support: 171.82 1st Resistance: 174.53 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.
Short
by ICmarkets
Trade Signal: EURJPY - SELLDear Traders, We have identified a promising trade opportunity on the EURJPY currency pair using our advanced EASY Quantum Ai strategy. Below are the details for your consideration: Direction: Sell Enter Price: 174.238 Take Profit: 173.80133333 Stop Loss: 174.58533333 Reasoning: 1. Technical Indicators: Our proprietary algorithm has identified a bearish trend supported by multiple technical indicators including moving averages, MACD, and RSI. This alignment suggests a continuation of the downward movement. 2. Market Sentiment: Current market sentiment points towards strengthening of the Japanese Yen due to recent economic data releases from Japan, indicating robust economic conditions and increased investor confidence. 3. Geopolitical Factors: Recent geopolitical events have favored safe-haven currencies such as JPY, adding downward pressure on the EURJPY pair. 4. Volume Analysis: A significant increase in selling volume has been observed at the identified entry level, confirming the bearish outlook provided by our strategy. Please ensure proper risk management and closely monitor your trades as market conditions can change rapidly. Trade safely and profitably! Best regards, Your Trading Team
Short
by ForexRobotEasy
Sell IdeaEUR/JPY Sell Analysis Trade Idea: Sell EUR/JPY Entry: 176.300 Take Profit: Up to 169.300 Rationale: Technical Analysis: EUR/JPY has encountered significant resistance near the 176.300 level, suggesting a potential reversal. Bearish Momentum: Recent price action indicates a decline from recent highs, indicating possible downside continuation. Long-Term Perspective: This trade aligns with a broader bearish outlook on EUR/JPY, considering fundamental and technical factors. Risk Management: Implement a suitable stop-loss strategy to manage potential losses effectively, considering market volatility and your risk tolerance. Disclaimer: Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The analysis provided is for informational purposes only and should not be considered as investment advice.
Short
by GODOCM
EUR/JPY Poised for Trend Continuation: Breakout ImminentThe EUR/JPY pair has shown strong bullish momentum and has already broken out of the recent inside days. The pair continues to respect the ascending trendline and has moved above previous resistance levels. Traders should monitor the potential for further upward movement while practicing proper risk management, with a stop-loss placed below the recent support. Stay tuned for updates as we track the progress and potential targets for this breakout.
Long
by GlobalMarketGuru