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Eur-jpy

EURJPY - Bias is still for lower levels EURJPY - Intraday - We look to Sell at 145.05 (stop at 145.85) Buying pressure from 143.17 resulted in prices rejecting the dip. The bias is still for lower levels and we look for any gains to be limited. The trend of lower highs is located at 146.14. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 142.80 and 142.40 Resistance: 144.30 / 147.25 / 151.00 Support: 141.70 / 140.10 / 138.85 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Short
by VantageMarkets
InvestMate|EUR/JPY Change of plans💶💴💶💴EUR/JPY Change of plans 💶💴The market behaved exactly as I wrote in the previous post: 💶💴As you can see on the chart we have bounced off a strong support zone defined by a cluster of two levels. The first is the level of the 0.618 wave from the 2008 peak to the 2012 bottom and the second level is the 0.786 wave from the 2014 peak to the 2016 bottom. 💶💴And currently after the last few days I don't see how after such a strong move there is any talk of going lower in the next few weeks. 💶💴Ahead of us at the new peaks is a strong resistance zone defined on the basis of 3 levels. The first is the level of the last peak of 2014. The second is the outer fibo level of 1.618 of the entire downward wave from the 2018 peak to the 2020 bottom. The third level is 0.236 of the entire upward wave from the 2000 bottom to the 2008 peak. 💶💴The scenario that I am playing out is a continuation of the increases until new peaks are made. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💴*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
EURJPY 4hour Analysis December 4th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are looking more bearish on EJ now as we saw a break of our major support level around 143.000. Going into this week we’re looking for lower highs to form below 143.000 so we may target lower. Trade scenario 2: For us to see EJ as bullish again it would require a break back above 143.000 with confirmed higher lows above. This move would invalidate any short potential we had for the time being.
Short
by ForexLeague
2
EURJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. EURJPY is overall bullish from a long-term perspective trading inside the brown channel, and it is currently retesting the lower brown trendline. Moreover, the zone 140.0 is a strong support zone . So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower brown trendline. (acting as non-horizontal support) As per my trading style: As EURJPY approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
5
EURJPY - A higher correction is expectedEURJPY - Intraday - We look to Buy at 141.00 (stop at 140.20) We are trading at oversold extremes. A higher correction is expected. Previous support is located at 140.90. Further upside is expected although we prefer to buy into dips close to the 141.00 level. Our profit targets will be 143.35 and 143.85 Resistance: 144.85 / 148.40 / 151.00 Support: 140.90 / 139.10 / 136.95 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
Long
by VantageMarkets
EURJPY 4hour Analysis November 27th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall we are bullish as long as we are holding above 144.000. This 4hour timeframe shows a large amount of consolidation near 144.000 support which brings me to believe this has a strong chance of falling lower. If we are to turn bearish, look for a confirmed lower high below 144.000. Trade scenario 2: If we are to consider EJ bullish again we need to break this consolidation. Look for 1hour higher lows + convincing bullish variations to enter long.
by ForexLeague
InvestMate|EUR/JPY Monday's southbound play💶💴💶💴EUR/JPY Monday's southbound play. 💶💴It was once again time for the EUR/JPY in my execution. 💶💴After the beautiful downward slide that EUR/JPY made, I of course predicted that this would happen in previous posts on this pair. It' s time to attack the declines once again. 💶💴Looking at the appearance of Friday's downtrend candle and looking at the momentum with which the pair was falling against the euro just before the close of the session, it looks to me like the possibility of a continuation of the declines that could take place over the next few days. 💶💴 There is a strong support zone ahead. Really strong because this time I have measured all the waves one by one since the start of the quotation with fibo measures so that their effectiveness and strength is reinforced. 💶💴The support zone results from a cluster of two levels. The first is the level of the 0.618 wave from the 2008 peak to the 2012 bottom and the second level is the 0.786 wave from the 2014 peak to the 2016 bottom. 💶💴I determined the resistance zone based on the 0.886 level of the wave from the 2014 peak to the 2016 bottom and taking into account that this was a highly respected level in the past. 💶💴The scenario I am playing out is a continuation of declines to the level of a strong support zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6
InvestMate|EUR/JPY is just getting started💶💴💶💴EUR/JPY is just getting started. 💶💴The post is a commentary on my previous posts on the EUR/JPY in which I announced declines: 💶💴Those wishing to get a deeper perspective are referred to above. 💶💴At the moment, I just wanted to draw attention to the approaching strong support zone that stems from the 0.618 fibo level of the entire upward wave and I believe that, this is the level for the coming days that can be broken within a week or two.
Short
by InvestMate
16
EURJPY 4hour Analysis November 20th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are still overall bullish but this chart is showing us it’s getting ready to break lowe. Going into this week we are looking for reactions from our 144.000 zone. Ideally, price action breaks below 144.000 and forms a lower high below. If this plays out it could send us into a massive short opportunity. Trade scenario 2: The other likely scenario is a bounce off 144.000 sending EJ back into the range. Look to target higher resistance levels.
Short
by ForexLeague
EURJPY Potential For Bearish ContinuationOn the H4 chart, the overall bias for EURJPY is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a sell entry at 145.634, where the 23.6% Fibonacci line is. Stop loss will be at 147.110, where the previous swing high was. Looking to take profit at 141.677, where the 61.8% Fibonacci line is located. 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.
Short
by VantageMarkets
InvestMate|EUR/JPY BOJ DO SOMETHING💶💴💶💴EUR/JPY BOJ DO SOMETHING 💶💴Another post/update of my view on the eur/jpy pair. Link to previous post below: 💶💴I will zoom in on the fundamentals: 💶Looking at economic growth in the Eurozone we are at levels of 2.1% This is quite average looking at the past. 💴Compared to Japan where we are currently at 1.6% this is also quite average looking at past periods. tradingeconomics.com 💶 Unemployment in the Eurozone is falling - the latest reading on 3 November showed a drop to 6.6% compared to last reading of 6.7%. 💴 In Japan, on the other hand, unemployment rose from 2.5% to 2.6%. 💶 A week ago, on 17 November to be precise, the inflation reading, which was 10.7% on 31 October. The market is betting on a slowdown in inflation in the coming months. 💴 In the case of Japan, inflation is gaining momentum even though we have maintained a 3% growth the market is betting that during the next data due on 17 November we could break this barrier and rise to levels of 3.2%. 💶 Eurozone interest rates were raised by 75 basis points at the last council meeting on 27 October to 2%. 💴 In Japan, of course, no change, the council kept rates at -0.1% at its last meeting, but with inflation gaining momentum, further moves remain uncertain. For now, the market is pricing in an unchanged rate at the next decision on 22 November. 💶💴 Now that we know the fundamental environment, let's turn to the chart. 💶💴Today brought nothing new. We attacked the 145.400 level again and there was an unsuccessful attempt to go down to yesterday's lows. 💶💴All due to low volatility on the Japanese. And uncertainty as to which way the Euro should go. 💶💴 Looking more broadly at the market and seeing that the Japanese on most pairs is preparing for a massive appreciation and the Euro on most pairs is waiting for the right moment to make a correction of uptrend. 💶💴These 2 separate events combined in a single chart could produce the massive price waterfall I wrote about in the previous post. 💶💴On the chart I determined a few things using technical analysis: 💶💴Firstly I determined the upward channel we are currently in. 💶💴Then I measured the entire downward wave using the fibo. We can see a triple attack on the 0.618 level which we failed to break out of. 💶💴Next I measured the current upward impulse to find potential support zones. 💶💴Then I measured the largest correction of this upward impulse in order to determine the 1:1 level of this correction. 💶💴By measuring the current uptrend impulse and the 1:1 correction, I found an interesting cluster of levels at 0.618 and 1:1 near 143.600 💶💴In the vicinity of the 0.618 level I determined a strong resistance zone. Due to the fact that the price repeatedly tried to break out of this level unsuccessfully 💶💴The scenario I am playing out is the eur/jpy pair descending to support levels as a result of the Bank of Japan intervening to strengthen the Japanese Yen. 💶💴*Please do not suggest the path I have drawn with lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
EURJPY Potential For Bearish ContinuationOn H4 chart, we have a bearish bias with the price moving below the ichimoku cloud. We are looking for a pullback sell entry at 145.634, where the 23.6% Fibonacci line is. Stop loss will be at 147.110, where the previous swing high was. Take profit will be at 141.677, where the 61.8% Fibonacci line is. 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.
Short
by VantageMarkets
1
InvestMate|EUR/JPY Attention declines!💶EUR/JPY Attention declines! 💶Why I think dips are coming. 💶Looking at economic growth in the Eurozone we are at levels of 2.1% This is quite average looking at the past. 💶Compared to Japan where we are currently at levels of 1.6% this is also a fairly average result compared to past periods. tradingeconomics.com 💶 Unemployment in the Eurozone is falling the latest readings on 3 November showed us falling to levels of 6.6% compared to last year's reading of 6.7%. 💶In Japan, on the other hand, unemployment rose from 2.5% to 2.6%. 💶 Ahead of us next week, on 17 November to be exact, are the readings on inflation, which stood at 10.7% on 31 October. The market is betting on inflation slowing down. In the coming months. 💶For Japan, inflation is gaining momentum even though we have maintained 3% growth the market is betting that we can break through this barrier and rise to levels of 3.2% during the next data which will take place on 17 November. 💶 Eurozone interest rates were raised by 75 basis points at the last counci meeting on 27 October to levels of 2% 💶In Japan, of course, unchanged, the council kept rates unchanged at -0.1% at its last meeting, but with inflation gaining momentum, the next moves remain uncertain. For now, the market is pricing in an unchanged rate at the next decision on 22 November 💶With the fundamental environment now known, let's move to the chart. 💶Looking at the chart from the peak to the current bottom we have already scored a fall of 3.51%. The peak occurred just before the intervention of the Central Bank of Japan 💶Thursday's declines were fuelled by inflation data from the United States showing that inflation is falling to 7.7%. My thoughts on falling inflation in the US were confirmed as I wrote in last week's post on the falling dollar: 💶 Moving to the monthly chart, we can clearly see that we are at strong resistance lines set by the 2014 peak. 💶The decline is also being driven by the distribution that has been going on for the last weeks. 💶Looking at the fact that the decline came from the 0.618 levels of the downtrend wave after which we broke out new lows confirms my belief that we are officially in a downtrend. 💶Actually we are at a key point which has been a strong line of defence and buying interest in recent weeks. 💶There have been a lot of buyers at the new lows but with the following hours the interest to buy is subsiding. 💶Looking at the economic situation and the willingness of the Japanese to strengthen their currency, I do not see attractive levels to buy EUR/JPY on the current places. 💶Measuring where the declines may last I will apply 2 fibo measures. 1 from where the long term trend reverses to an uptrend and 2 from closer to the exit of the accumulation and the start of the uptrend impulse. 💶Interesting to see a zone of 140 with 2 fibo levels from 2 measurements close together 💶This is where I would be looking for some kind of reaction, but as far as I can see the road to this area stands open for now. 💶Hope I've helped that my perspective has broadened your view of this pair. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
10