Potential bullish rise?EUR/JPY has reacted off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 169.40
1st Support: 167.40
1st Resistance: 171.57
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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.
Eur-jpy
GBPJPY near the current highest point of this year#GBPJPY EASYMARKETS:GBPJPY
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EURJPY Still bullish. Continue buying the dips.The EURJPY pair gave us a textbook buy-low-sell-high two-way trade last time we looked at it (March 25, see chart below) and hit both targets:
Right now it may be shifting into a new Channel Up (dashed), diverging slightly from the (blue) long-term one. The 1D MA50 (blue trend-line) has been holding as Support basically since the January 10 bullish break-out, so technically the long-term trend remains bullish.
Our Target is 173.500, the top of the (blue) long-term Channel Up.
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Could EUR/JPY reverse from here?Price is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse from this level to the 1st support.
Pivot: 169.38
1st Support: 167.36
1st Resistance: 170.70
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.
Bullish bounce off 38.2% Fibonacci support?EUR/JPY is falling towards the pivot and could potentially bounce from this level to the 1st resistance.
Pivot: 167.35
1st Support: 166.46
1st Resistance: 169.40
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.
EURJPY to turnaround?EURJPY - 24h expiry
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.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 165.50 and 165.20
We look to Sell at 167.40 (stop at 168.10)
Resistance: 168.95 / 171.20 / 175.50
Support: 164.30 / 161.90 / 160.00
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.
Could EUR/JPY reverse from here?The price is rising toward a resistance level, which serves as a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level toward our take profit.
Entry: 167.15
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 168.62
Why we like it:
There is a pullback resistance level.
Take profit: 164.05
Why we like it:
There is a pullback support level.
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.
EUR/JPY has a strong bullish momentum, could it rise further?Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 165.195
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 164.439
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Take profit: 166.00
Why we like it:
There is a resistance level at the 127.2% Fibonacci extension.
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.
EURJPY - Wait For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURJPY has been overall bearish , trading within the falling flat wedge pattern in red.
Currently, EURJPY is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a demand zone marked in green.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green demand zone.
📚 As per my trading style:
As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top 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
EURJPY to see a temporary move higher?EURJPY - 24h expiry
Price action looks to be forming a top.
A Doji style candle has been posted from the high.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
We look to sell rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 165.00 (stop at 165.50)
Our profit targets will be 163.80 and 163.50
Resistance: 165.35 / 167.35 / 168.95
Support: 161.90 / 160.00 / 158.70
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.
EURJPY possible ideaAfter price broke daily high with momentum, it retraced back down and formed liquidity above an established golden zone. It left behind a huge imbalance that it could potentially fill before pushing the the upside to take out the latest weak high since price is in an overall bullish trend.
Buy EURJPY Bullish ChannelThe EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours.
Key Points:
Buy Entry: Consider entering a long position (buying) above the broken resistance level of the channel, ideally around 164.75. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones:
165.40: This represents the first level of resistance within the channel.
165.70: This is a further extension of the upside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the channel, ideally around 164.50. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards.
Thank you
Potential bearish dropEURJPY is rising towards a resistance level which is a pullback resistance and could reverse from tis level to our take profit
Entry: 165.193
Why we like it:
There is a pullback resistance level
Stop loss: 165.775
Why we like it:
There is a resistance which lines up with the 161.8% Fibonacci extension
Take profit: 163.472
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement
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.
EUR/JPY minor short(4/9/2024)Today, the EUR/JPY price rose in the early morning, and right now the price made a good rejection from the 165.1 zone.
this rejection could lead to further downward movement after a short retracement.
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURJPY: Bullish on a 4H MA50 rebound.EURJPY has turned bullish on the 4H timeframe (RSI = 65.893, MACD = 0.220, ADX = 54.338) as the 4H MA50 held and supported a new 2 day rally since Friday. The dominant pattern is a 3 month Channel Up, which makes a HH on the 1.5 Fibonacci extension. The 4H MACD is identical to the pre-High consolidation of the past bullish waves. We are bullish (TP = 166.500).
See how our prior idea has worked out:
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EURJPY to find resistance at the current market level?EURJPY - 24h expiry
We are trading at overbought extremes.
Our short term bias remains negative.
This is negative for sentiment and the downtrend has potential to return.
We look to sell rallies.
Weekly pivot is at 163.55.
We look to Sell at 163.55 (stop at 164.05)
Our profit targets will be 162.65 and 162.45
Resistance: 164.30 / 167.35 / 168.95
Support: 161.90 / 160.00 / 158.70
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.
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 163.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 163.500 support and resistance area.
Trade safe, Joe.
Potential reversal from overlap resistance levelPrice is currently at an overlap resistance level and could reverse from this level to our take profit
Entry: 163.446
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement
Stop loss: 164.364
Why we like it:
There is a pullback resistance level
Take profit: 162.661
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement
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.
EURJPY Approaching Channel Up top. Bearish signal.The EURJPY pair is very close to our 168.000 Target that we set on our last analysis (December 13 2023, see chart below):
That is at the top of the 2-year Channel Up that started on the March 07 2022 Low. Technically after that, it calls for a short-term trend-reversal. As a result we modify the bullish Target to 167.400 and then will go for a short-term sell, targeting 164.500.
This is because we have identified a short-term RSI bearish divergence pattern, which when the RSI in on Lower Highs and the pair on Higher Highs (i.e. Bearish Divergence), the price rises to the 2.0 Fibonacci extension and then pulls back to the 1.0.
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This week’s 4 major trading eventsIn the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday.
Economic data in Europe will be limited this week due to the Easter break, with major bourses closed for Good Friday and Easter Monday. Perhaps the only event of note is ECB President Christine Lagarde speaking on Monday.
In Japan, attention will be focused on minutes from the BoJ's recent meeting and the Summary of Opinions for insights into potential follow-up actions following the historic interest rate hike seen last week.
In Australia, February’s inflation rate expectations for March, as well as consumer confidence, are expected to fall.
Import the BlackBull Markets Economic Calendar to iCloud, Google, or Outlook to get alerts direct to your inbox, enabling you to plan your positions in advance and seize trading opportunities (see below for link)