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Eur-jpy

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
InvestMate|EUR/JPY Outlook Update💶💴💶💴EUR/JPY Outlook Update 💶💴This is yet another post in which I will try to give a more detailed presentation of my downside scenario on this pair. Because I think that price is still expensive. 💶💴Beginning with 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. 💶💴I will present all the tools I used in turn: 💶💴1 I have plotted the uptrend channel from the start of the strong breakout to the top. 💶💴2. I measured with a fibo grid the entire upward wave. 💶💴3. I measured the last downward impulse using the fibo. 💶💴4. I measured the largest downward correction in the entire upward impulse to determine the extent of the 1:1 correction. 💶💴5 I determined two support zones. 💶💴(1) Based on the 1:1 level of the largest downward correction and the 0.5 level of the entire upward impulse. 💶💴(2) Based on the 0.618 level and the previous strong price reactions, from this point the price made a rise to new peaks. 💶💴6. I determined a resistance zone based on the 0.5 level and where price has reacted in the past. 💶💴The scenario I am playing out is a final descent to the 0.618 levels of the entire downward wave. 💶💴*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
Selling EURJPY at previous support.EURJPY - Intraday - We look to Sell at 146.20 (stop at 147.10) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 143.70 and 141.70 Resistance: 147.25 / 151.00 / 155.00 Support: 144.30 / 141.70 / 140.10 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
EURJPY Potential For Bearish ContinuationThe overall bias for EURJPY on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 145.634, where the 23.6% Fibonacci line is located. Stop loss will be set at 147.110, where the previous swing high is. Take profit will be 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
EURJPY 4hour Analysis November 13th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We are looking bearish on the 4hour timeframe but higher timeframes point to bullish still. With our eyes on our key zone, 144.000, we’re looking for reactions to better understand where price action is going next. Ideally, if we continue bearish we want to see a lower high below 144.000 support with convincing bearish variations to short on. Trade scenario 2: The other likely scenario is price action rallying from 144.000 support up to higher resistance zones.
Short
by ForexLeague
1
EUR/JPY Beautiful descent time to continue.💶EUR/JPY Beautiful descent time to continue. 💶As I wrote about the EUR/JPY's descent today in the Asian session. For a comprehensive explanation I refer you below: 💶I see that after sharp declines there is again an opportunity to join the declines. 💶All due to the correction we made in the European session hours. 💶There are 2 scenarios. 💶Either we will start falling now or we will still make a climb to the 0.618 level from where the declines will be consecutive. 🚀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
2
EURJPY can move further low? 🦐EURJPY on the 4h chart after my previous analysis retraced at the 0.786 Fibonacci level. The market after a distribution phase dropped below a daily resistance and is now back above giving a confirmation of the lower low lower high series. How can i approach this scenario? I will wait for the EU market open and if the price will break below i will look for a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
4
EURJPY 4hour Analysis November 6th, 2022EURJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: We have been very bullish on EJ but as of lately we are seeing a 4hour bearish trend. Going into this week we’re looking for the classic break and retest. Price action is currently resting at our 146.250 zone and we’re waiting for reactions. If we are to continue bearish, look for rejection that confirms this lower high and target lower toward 144.000 Trade scenario 2: If we are to look for bullish setups we would need EJ to break back above 146.250 and form a convincing higher low.
Short
by ForexLeague
2
EURJPY time to retrace 🦐EURJPY on the 4h chart after my previous analysis retraced at the 0.786 Fibonacci level and is now trading above the 0.618. The market struggled to break the resistance level and following a strong bullish trend some retacement can be expected How can i approach this scenario? I will wait for the EU market open and if the price will break below i will look for a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
by InkyGrip
14