EUR/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 161.214.
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Eurjpy!
EURJPY Approaching a Key Juncture!
My analysis suggests that EURJPY will soon reach the level of 160.651. If the HAMER CANDEL on level, buy position
However, if the price to break above this level, there is a possibility of a downward movement and entering a short trade.
Set stop-loss and take-profit levels for your trade.
Pay attention to economic news and events in Europe and Japan.
There is no guarantee of success in forex trading. Do your research and use a sound trading strategy before entering a trade.
Good luck.
EUR JPYMy analysis on EUR JPY, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
EUR-JPY Will Keep Growing! Buy!
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair broke
The key horizontal level
Of 161.770 and went
Further up so the breakout
Is confirmed and which reinforces
Our bullish bias and makes us
Believe that we will see
A further move up
Buy!
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Check out other forecasts below too!
EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURJPYHello! Based on the formation of the CHOCH structure and the identification of key supply and demand zones, I have analyzed the EUR/JPY pair on the 1-hour timeframe.
If the price can reach the demand zone and receive confirmation, we can consider entering a long position. The potential targets could be the supply zones, which act as significant resistance levels.
Please note that trading decisions should be made based on thorough analysis, risk management, and your individual trading strategy.
EURJPY H4 | Potential bearish reversalEURJPY is rising towards an overlap resistance, price could potentially reverse from this level and drop towards the support level.
Sell entry is at 161.722 which is an overlap resistance that aligns closely with the 50% Fibonacci retracement.
Stop loss is at 163.451 which a swing-high resistance.
Take profit is at 160.256 which is the overlap support.
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EUR/JPY BEARS ARE STRONG HERE|SHORT
Hello,Friends!
EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 160.846 area.
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EURJPY Is Bullish! Long!
Take a look at our analysis for EURJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 161.571.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 162.497 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EUR/JPY H4 | Resistance overheadEUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 161.988
Why we like it:
There is an overlap resistance level
Stop Loss: 161.718
Why we like it:
There is a swing-high resistance level
Take Profit: 160.382
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.
EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and rejected from 1H bearish order block + institutional big figure 162.000.
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EURJPY to find resistance at market price?EURJPY - 24h expiry
Short term bias has turned negative.
The 200 day moving average should provide resistance at 161.35.
This is negative for sentiment and the downtrend has potential to return.
We look to sell rallies.
Further downside is expected although we prefer to sell into rallies close to the 161.65 level.
We look to Sell at 161.80 (stop at 162.30)
Our profit targets will be 160.60 and 160.30
Resistance: 161.90 / 164.30 / 167.35
Support: 160.00 / 158.70 / 15.40
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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.
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EURJPY DIRECTIONS IN BUYEUR/JPY edges higher to 161.40 during the Asian trading hours on Tuesday, halting its five-day losing streak. The Japanese Yen (JPY) encounters downward pressure following remarks made by Japan's Finance Minister Shunichi Suzuki, who suggested that now is not the appropriate time for the Bank of Japan (BoJ) to tighten monetary policy. This dynamic provides support for the EUR/JPY cross.
Furthermore, Bank of Japan (BoJ) Governor Kazuo Ueda stated in his parliamentary speech on Tuesday, "When the achievement of a 2% inflation target is within reach in a stable and sustainable manner, we will consider exiting from negative interest rates. If inflation accelerates and necessitates monetary tightening, we may raise interest rates without reducing the BoJ's bond holdings."
EURJPY: Long Signal Explained
EURJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURJPY
Entry Point - 161.42
Stop Loss - 160.91
Take Profit - 162.49
Our Risk - 1%
Start protection of your profits from lower levels
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