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Japanese Yen/Euro

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JPYEUR trade ideas

The KISS principleI have always been a big believer in simple is best. Consider the daily EUR/JPY chart with the 55 and 200-period moving averages that I consistently use. Notice how the market mean reverted to the 200-day MA in December 2023 and retested it in January 2024 before resuming its upward move. In February 2024, once the market regained the 55-day MA, it stayed above this level, consistently testing and bouncing off it. If you had simply bought the dips to this moving average throughout the year, it would have been a highly effective trading strategy! This is a great example of the effectiveness of using the 55 and 200-period moving averages in a TRENDING market, emphasizing key points about mean reversion and trend-following. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Long
by The_STA
EUR/JPY H4 | Strong support zone at 23.6% Fibonacci retracementEUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 172.38 which is a pullback support that aligns with the 23.6% Fibonacci retracement level and coincides with an ascending trendline support. Stop loss is at 171.15 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level. Take profit is at 173.67 which is a pullback resistance. 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. 68% 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. 73% 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.
Long
by FXCM
1
Trade Alert: EURJPY - Direction: SellAttention Traders, We have detected a potential sell opportunity on the EURJPY currency pair. Here are the key details of this trade: Direction: Sell Enter Price: 173.407 Take Profit: 172.693 Stop Loss: 173.895 Rationale for Trade: Our decision to issue a sell signal is based on a comprehensive analysis using the EASY Quantum Ai strategy. Several factors have influenced this outlook: 1. Technical Indicators: Recent analysis of moving averages and MACD signals indicates a bearish momentum. The EURJPY pair has also broken below key support levels, suggesting a potential further downtrend. 2. Market Sentiment: Current market sentiment shows a rise in risk aversion due to geopolitical tensions and uncertain economic data from the Eurozone. This generally results in strength for the Japanese Yen as a safe-haven currency. 3. Economic Data: Latest reports highlight a weakening in certain economic indicators for the Eurozone, such as industrial production and consumer confidence. On the other hand, Japan has shown signs of economic resilience, supporting the JPY. 4. Price Action: The EURJPY price action reveals a descending channel pattern. Given this technical setup, entering a sell position around 173.407 is strategically positioned to exploit the expected downward movement. We highly recommend monitoring this trade closely and looking out for any shifts in market conditions. Stay tuned for further updates based on additional data and analysis. Trade wisely and always manage your risks effectively. Happy Trading,
Short
by ForexRobotEasy
EURJPY- EuroJen Forex Pair - Idea I EURJPY 12M: bullish with targets at: 169 → yearly high 174-180 → grey Zone (38,61ext.) and 187 → yearly high → grey zone possible reversal Quarterly: Bullish Candle closing at the highs → close to grey zone, Stochastic at 97 → bit careful with bullish trades here since Bears might show at 174 Monthly: Pin Bar but poor results. Sentiment is turning from bullish to neutral- bullish since we are seeing a Ascending triangle forming. The triangle is pointing towards the 187 yearly target. A bullish trendline is in place so only bullish trades are taken until the trendline is broken… → Stochastic is OB → break of triangle might be volatile and intersting to trade 3D: no sign of weakness yet. All above mentioned Zones will be monitored for possible Signals. Thanks for reading
by MeruEU
Euro Rises After French Election; Yen Struggles Near 38-Year LowThe euro gained on Monday after France's snap election put the far-right in the lead, albeit with a smaller margin than expected. Marine Le Pen's National Rally performed worse than anticipated, easing fears of expansionary fiscal policies. The euro rose 0.4% to $1.0756, while the yen struggled near a 38-year low. The dollar index fell as U.S. inflation data bolstered expectations of a Federal Reserve rate cut. Other currencies, including sterling and the New Zealand dollar, saw modest gains.
Long
by signalmastermind
EUR/JPY Bullish Channel Play: Targets and Key LevelsIn this technical analysis of EUR/JPY, we observe a consistent upward trend within a rising channel, offering a bullish outlook for potential trades. Currently, the pair is navigating towards the upper channel line, suggesting a target of 172. Traders should consider entering long positions on pullbacks towards the mid-channel, with a stop-loss slightly below 168 to protect against potential trend reversals. However, it’s crucial to stay vigilant as a break below the 168 support could invalidate the bullish scenario and trigger a bearish reversal. In such a case, traders might want to switch to a selling strategy, targeting lower support levels.
Long
by GlobalMarketGuru
EUR/JPY Gains Momentum During Asian Session, Bullish ImpulseThe EUR/JPY cross attracted buying interest during the Asian session on Tuesday, signaling the start of a fresh bullish impulse. The Bank of Japan (BoJ) decided to leave interest rates unchanged at the conclusion of its June policy meeting and did not provide any indications about the timing of the next rate increase. Additionally, the central bank might have disappointed some market participants who were anticipating an announcement regarding a potential reduction in the monthly bond purchases. This decision, combined with a generally positive risk tone in the market, has undermined the safe-haven appeal of the Japanese Yen (JPY), providing a substantial lift to the EUR/JPY cross. Given these developments, we are looking for a bullish setup in the EUR/JPY pair. The current market conditions, driven by the BoJ's stance and the favorable risk sentiment, suggest a potential continuation of the upward momentum for the EUR/JPY cross. Traders should watch for further bullish signals to confirm this trend and capitalize on the opportunity for gains.
Long
by FOREXN1
10
Intervention or not, euro-yen might still slow downThe euro has made gains against the yen in June, with the Japanese currency losing out across the board over the last several months as the Bank of Japan (‘the BoJ’) has been more cautious than expected in starting to tighten policy. Fresh verbal interventions by the government of Japan continue but so far haven’t had a significant impact on markets. The current area just below ¥172 is the EURJPY’s highest price since the introduction of the euro in 2002, so it’s difficult to project the next possible resistance apart from psychological areas. It’s also questionable whether gains will continue at this pace due to a clear overbought signal from the slow stochastic and the lack of any significant retracement since May. Many traders are expecting a material intervention – i.e. not just more headlines saying ‘we’ll do something when we need to’ – by the BoJ within the next few weeks. If this occurs, which is not guaranteed, there might be a similar situation to late April and early May when volatility massively increased around the BoJ’s meeting. The 50 SMA from Bands seems to be a strong dynamic support given that it’s been tested unsuccessfully four times since 12 April. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness