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Eurjpy!

Eurjpy and Audjpy looking for looks if jpy continue weakensHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If Jpy is still showing weakness, then likely i am looking at both AJ and EJ to look for long opportunities But do keep in mind if BOJ gonna dish out stuns on its interventions. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
EURJPY - Mar. 6th, 2024BUY/LONG ZONE (GREEN): 161.550 - 166.700 DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550 SELL/SHORT ZONE (RED): 155.710 - 159.750 Monthly: Bullish Weekly: Bullish Daily: Bullish 4H: Bullish Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next bullish zone and structure is holding well in step up patterns. Price has already tested 163.450 twice on the daily, looking for 4h structure to develop back as bullish and test a third time, or for price to pullback down to the 161.900 level at the top of the zone. It would be more risky if price pulls back to 161.900 level as this would be the second test (daily timeframe) after the 4h price had confirmed it as bullish. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Long
by TonyAiello
1
EURJPY On The Rise! BUY! My dear friends, Please, find my technical outlook for EURJPY below: The price is coiling around a solid key level - 163.19 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 164.22 Safe Stop Loss - 162.55 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
Strifor || USDCHF-04/04/2024Preferred direction: SELL Comment: The Swiss currency also began to strengthen against the American dollar , although we previously noted that this currency is one of the weakest among the main competitors of the US dollar. However, for this currency pair we confidently set sell-priority and expect a fall towards the level of 0.88761. Both scenarios depicted in the graph are already in work. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
1
Strifor || USDJPY-04/04/2024Preferred direction: BUY Comment: As expected earlier, the American currency began to adjust against its main competitors, but this does not apply to the Japanese yen . Here, as was said, the US dollar will most likely either trade at previous levels, or begin to grow altogether, as indicated on our chart. In general, both scenarios are relevant despite the fall in the US dollar in the short term, which may last until the end of next week. The growth target in the medium term for this currency pair is located at the level of 153 and 154 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
EURJPY 73 PIPS TRADE BREAKDOWN (3rd April 2024) EURJPY Trade Breakdown Price broke through the 1 hour bearish orderblock during London. This resulted in a creation of a 1 hour Market structure shift to the upside. So once price retested, the 15 minute orderblock and broke its own higher high on the 15 minutes timeframe, I entered a long and place stop loss at the 1 hour orderblock low targeting a 164.200 For a 1 : 3.66 Risk to Reward Ratio. During New York Session, Price action finally provided the volume to push All the way up into the 1 hour Orderblock, Smashing Full TP.
Long
by CallistoFX
EURJPY:🟢Another bullish move...🟢(Details on caption) Well, by examining the 1-hour EURJPY chart we can figure out the price has the potential to rise after collecting the sell-side liquidity. In this case, we can define the bullish FVG which is below the sell-side liquidity, also this FVG aligns with the 50% previous upward leg and we have a lot of buy-side liquidity that can defined as targets. All in all, we can expect the price to move lower to collect the sell side liquidity then hit the FVG, and then we will look for an LTF confirmation. 💡Wait for the update! 🗓️01/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
11
EURJPY's Upward Momentum and Opportunities AheadThe EURJPY pair has shown promising strength after a corrective phase from its peak on March 21, 2024. Today, it successfully breached a significant resistance level at 163.322, providing a stronger confirmation of the existing bullish momentum. With this noteworthy breakout, the allure of a Long position becomes increasingly compelling. Technical Analysis: On the 4-hour timeframe, EURJPY is currently trading above several key moving averages, including the SMA 7, SMA 24, and SMA 150. This indicates clear bullish strength, especially after a prolonged correction period. The breakout from the resistance level at 163.322 adds confidence to further bullish momentum, with technical indicators suggesting potential for higher moves. Fundamental Insights (JPY): Despite the Bank of Japan's exit from negative interest rate policy, BOJ Governor Ueda has reiterated the commitment to continue purchasing Japan Bonds and refrain from raising interest rates. This monetary policy stance has triggered sustained weakness in the Japanese yen, evident from its recent depreciation. With supportive fundamental conditions, yen weakness adds impetus for the EURJPY pair to continue its bullish trend. Trade Targets: - Target 1: 164.414 - Target 2: 165.380 - Target 3: 167.252 These targets are calculated using Fibonacci ratios, with Target 3 reaching approximately 140% of the previous rally and the historical resistance. Each target offers potential for significant gains for traders entering Long positions. Risks to Consider: - Sudden shifts in market sentiment or unforeseen fundamental developments may impact the direction of EURJPY movements. - Market volatility and the possibility of retracement during the journey towards the take profit targets should be duly noted. With a strong confirmation of bullish breakout and support from both technical and fundamental analyses, Long positions in EURJPY present enticing profit opportunities. However, it is essential to remain vigilant of risks and manage them prudently with every trade executed.
Long
by fardycurry
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.
Short
by OANDA
Bearish continuation expected EURJPY is rising toward pivot point that is close to 50% Fibonacci retracement. and could potentially fall to a support level. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 163.42 Support: 162.53 Resistance: 164.41 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.
Short
by ICmarkets
Potential bounce off EURJPY is falling toward a support level and could potentially bounce off a pullback support that aligns the 50% Fibonacci retracement and rises toward an overlap resistance Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1162.53 Support: 161.87 Resistance: 163.42 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