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Eur-jpy

Eur/Jpy Selling on the back of EUR weaknessQ1-2023. High energy costs and elevated inflation are increasingly weighing on Eurozone real household disposable incomes, even if overall inflation pressures are not as broad-based as in some other major economies. In addition, disruptions to energy imports from Russia (oil and natural gas, both planned and unplanned) have the potential to further elevate energy prices or weigh more directly on production. To be sure, the starting point for Eurozone finances is quite sound, with nominal income growth largely keeping pace with inflation and the household saving rate still high by historical standards. But, as those supportive household finances begin to wane over time, we believe consumer spending will increasingly come under pressure. In addition, manufacturing activity could be impacted more directly by energy disruptions, and ta;ls pf U.S. recession could also weigh on the Eurozone economy. This could also force buyers into safe havens such as JPY, hence why we chose EURJPY to short. Sell Now: 138.990 TP: 137.260 Sl: 140.053 (110pips)
Short
by Elite_Forex
EURJPY to move higher from current prices?EURJPY - 24h expiry Buying pressure from 157.37 resulted in prices rejecting the dip. A Doji style candle has been posted from the base. Indecisive price action has resulted in sideways congestion on the intraday chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Further upside is expected although we prefer to buy into dips close to the 157.77 level. We look to Buy at 157.77 (stop at 157.27) Our profit targets will be 158.97 and 159.27 Resistance: 158.05 / 159.85 / 160.85 Support: 156.60 / 155.50 / 154.70 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.
Long
by OANDA
EURJPY Low risk buy here. Keep an eye on the RSI.The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at 160.450. If we close a 1D candle below the pattern, then buy again only when the 1D RSI touches the 39.50 Support. This level has marked the bottoms of July 27 and March 17. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURJPY posted a bullish hammer bottom.EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 157.45 level. - We look to Buy at 157.45 (stop at 156.93) Our profit targets will be 158.75 and 159.05 Resistance: 158.05 / 159.85 / 160.80 Support: 156.60 / 155.50 / 154.70 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.
Long
by OANDA
EURJPY in a trend of higher lows.EURJPY - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. A Doji style candle has been posted from the base. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. Further upside is expected although we prefer to buy into dips close to the 157.40 level. We look to Buy at 157.40 (stop at 156.90) Our profit targets will be 158.60 and 158.90 Resistance: 158.05 / 159.85 / 160.80 Support: 156.60 / 155.50 / 154.70 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.
Long
by OANDA
EURJPY Short-term buy within the Channel Up.The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry. The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current to complete at least a +7% rise. As a result, we are bullish, targeting 162.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
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