Get started

Eurjpy!

EURJPY: Potential downward move towards 161.00?OANDA:EURJPY is currently approaching a significant resistance zone, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume. If the resistance level holds, I anticipate a downward move toward 161.00, a target that seems at least achievable. This would more likely be a call on a bearish outlook, as sellers may step in to push the price lower from this key level. However, if the price breaks this zone and sustains the up move, the bearish outlook may be invalidated, and we could potentially see a larger upside move. Given the potential volatility around this zone, it’s crucial to monitor candlestick patterns and volume closely to identify strong selling opportunities. Proper risk management is essential to handle any potential volatility and protect your capital if the price breaks out.
Short
by TrendDiva
11
EURJPY forming a top?EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 162.36. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 162.30 (stop at 163.22) Our profit targets will be 159.68 and 157.60 Resistance: 164.15 / 166.70 / 169.90 Support: 160.75 / 159.35 / 157.60 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
2
EUR/JPY Trade Setup: Buying the Dip Toward 160 for a 1:2.5 R/RSince reaching a low around 155 at the beginning of August, EUR/JPY has been trading within a defined range. Earlier this March, the pair once again tested the lower boundary of this range and, as before, rebounded strongly. A higher low was established at the start of this week, suggesting that 159 may now serve as a new base of support. In my view, EUR/JPY is likely to continue its upward trajectory, and a move toward 165 could materialize in the near future. Conclusion: Pullbacks toward the 160 area should be considered potential buying opportunities. With a stop-loss set around 158 and a target at 165, this setup offers an attractive risk-to-reward ratio of approximately 1:2.5. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Long
by Mihai_Iacob
EUR/JPY Rejection at Trendline – Bearish Move Ahead?EUR/JPY 4-hour chart is respecting a long-term descending trendline, acting as dynamic resistance. Price recently tested this trendline near 162.018 - 164.073 and is now rejecting it, indicating a potential bearish move. Bearish Confirmation & Entry: Price failed to break above the 162.018 - 164.073 resistance zone, confirming a potential sell opportunity. A downward movement is expected, targeting key support levels as marked. Target Levels: First Take Profit (TP1): 158.753 (Minor support zone) Second Take Profit (TP2): 157.319 (Stronger support) Third Take Profit (TP3): 156.202 (Significant demand area) Final Take Profit (TP4): 154.786 (Major support and previous low) Risk Management: Stop-loss: Above 162.018 to protect against a potential breakout. The trade setup offers a high risk-to-reward ratio, making it a strong candidate for a short position.
Short
by ultreosforex
EURJPY INTRADAY bullish breakout confirmation neededThe EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The critical trading level to watch is 160.26, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 162.58, 163.22, and 163.66 over a longer timeframe. However, if the 161.26 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could trigger a deeper retracement, targeting the 160.55 support level, followed by 159.10. Conclusion The sentiment remains bullish as long as the 161.26 support level holds, with potential upside targets at 162.58, 163.22, and 163.66. A break below 161.26, however, would shift the outlook to bearish, signaling a potential move towards 160.55 and 159.10. Traders should closely monitor price action and daily closes around the key support to assess sentiment shifts and trading opportunities. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/JPY Technical Analysis | 2H Chart 📉 EUR/JPY is currently showing signs of rejection from a key descending trendline (green) after a strong bullish move. 📌 Key Observations: ✅ Resistance Zone (Purple Box): Price attempted to break but faced rejection. ✅ Support Levels: Watching 160.617 and lower 158.519 for potential downside targets. ✅ Bearish Momentum: The price is reacting from resistance, suggesting a possible short-term pullback. ✅ Breakout Scenario: A break above 161.834 could trigger bullish continuation toward 162.500+. 💡 Trading Plan: 🔸 If price re-tests resistance and holds, expecting a potential drop toward the 158.500 region. 🔸 A confirmed breakout above 161.834 could invalidate the bearish bias and lead to further upside. 📊 Keep an eye on upcoming economic events for volatility! ---
by Greenfireforex
EURJPY: Will Start Falling! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
EURJPY INTRADAY Bullish breakout supported at 161.26The EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The critical trading level to watch is 161.26, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 162.58, 163.22, and 163.66 over a longer timeframe. However, if the 161.26 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could trigger a deeper retracement, targeting the 160.55 support level, followed by 159.10. Conclusion The sentiment remains bullish as long as the 161.26 support level holds, with potential upside targets at 162.58, 163.22, and 163.66. A break below 161.26, however, would shift the outlook to bearish, signaling a potential move towards 160.55 and 159.10. Traders should closely monitor price action and daily closes around the key support to assess sentiment shifts and trading opportunities. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Bullish rise?EUR/JPY has reacted off the pivot which is a pullback resistance and could potentially rise to the 1st resistance which is also a pullback resistance. Pivot: 161.27 1st Support: 159.43 1st Resistance: 163.74 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.
Long
by ICmarkets
2
EURJPY Technical Analysis! SELL! My dear friends, EURJPY looks like it will make a good move, and here are the details: The market is trading on 160.92 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 159.03 Recommended Stop Loss - 161.65 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURJPY Bullish Breakout Technical and Fundamental confluenceEURJPY Trade Analysis Trade Type: Buy Technical Analysis: 1. Trendline Breakout: EURJPY has broken above a key trendline, signaling a potential trend reversal or continuation. 2. Zone Breakout: The price has decisively moved past a strong resistance zone, confirming bullish momentum. 3. Double Bottom on 4H: A well-formed double-bottom pattern at a critical support level within the blue zone suggests a strong bullish reversal. Fundamental Analysis: Bullish Euro Outlook: Recent economic data and news favor the euro, boosting investor confidence. Positive developments such as stronger-than-expected GDP growth, hawkish ECB comments, or improved inflation outlook contribute to EUR strength. Risk Sentiment: If global markets favor risk-on assets, JPY (a safe-haven currency) could weaken, further supporting EURJPY’s bullish move. Trade Details: Target Price: 163.755 Risk Management: 1% risk per trade Risk-to-Reward Ratio (RRR): 1:3 With both technical and fundamental factors aligning, this trade setup presents a high-probability opportunity. Proper risk management will be maintained to maximize gains while minimizing exposure.
Long
by VENRAW