EURJPY Will Go Higher! Buy!
Here is our detailed technical review for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 156.796.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 160.390 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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Eurjpy!
EURJPY : Long Trade , 4hHello traders, we want to check the EURJPY chart. The price is moving in an ascending channel and has pulled back to the indicated key level. If the price cannot break this level and stabilize itself above this level, we expect it to maintain its upward trend and grow up to the price of 159,000. Good luck.
EURJPY Looking BearishEURJPY recently displayed a break in both the trend line and the support zone, followed by a subsequent pullback to the established zone. Despite encountering some market fluctuations, current indications suggest a potential downturn towards the specified level. Your thoughts and comments on this analysis carry significant value and are greatly appreciated. If you have any insights to share regarding the anticipated future movements of EURJPY, please feel free to contribute. Your input plays a crucial role in enhancing the overall understanding of the market dynamics for this currency pair.
EURJPYHello traders ,what do you think about EURJPY? After breaking the trend line and the support zone, this currency pair has completed a pullback to that zone. It is expected to drop to the specified level after a little fluctuation in this zone.
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EURJPY HIGHER CONTEXT ON A HIGHER TIMEFRAME,
Base on The previous 08 supply. I expect Eurjpy can shoot upto 165, if the EUROZONE would continue to Push there rate hikes.
But before that. Now I see a break of previous high, I will wait at retest below atleast 153.800-152.400 zone for best entry,
IF you also a aggressive trader I put a line for your entry zone.
This is only my view, I see the eurjpy slowly growing at this week. I wait for a retest atleast.
This is not a financial advice. FOllow for more
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EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we can see that price filled firstly daily imbalance and now started to form lower lows and lower highs, so I am bearish. As well we can see that price mitigated bearish order block and rejected from it.
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🇪🇺 EURJPY 🇯🇵 - Flag against a bearish trend The EURJPY currency pair may continue to fall as accumulation is forming amid the bearish trend. There is a weak flag on the downtrend, which is a set-up for further price decline. Besides, the false breakdown of resistance also indicates the market sentiment
Reasons for further decline ↓
1) range formation on the background of the dovntrend
2) resistance retest and false breakdown at 157.69
3) bearish trend
4) weak fundamental background for the yen
EURJPY H4 | Bullish bounceEURJPY has bounced off the buy entry and is rising to our take profit level.
Buy entry is at 156.573 which is an overlap support level.
Stop loss is at 154.781 which is a level that sits under a pullback support.
Take profit is at 158.311 which is a swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
🔥 EURJPY: LTF CURVE ANALYSIS (2H) 🔥(DOWNTREND)
SLO2 @ 159.40 ⏳
SLO1 @ 158.75 ⏳
TP1 @ 157.50
TP2 @ 156.50
TP3 @ 157.70
TP4 @ 154.50
BLO1 @ 154.20 ⏳
BLO2 @ 153.50 ⏳
ADDITIONAL NOTES:
📈 PA could react to Support @ 157.02 (1H) and give us the bounce we'll need to catch either of these Sell Limit Orders
🔑
BLO = BUY LIMIT ORDER
LTF = LOW TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
✨ EURJPY: ITF CURVE ANALYSIS (1D) ✨(DOWNTREND)
SLO2 @ 162.95 ⏳
SLO1 @ 160.25 ⏳
TP1 @ 155.15 💰
TP2 @ 150.85
TP3 @ 147.75
TP4 @ 142.85
BLO1 @ 141.60 ⏳
BLO2 @ 138.75 ⏳
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 6 day):
— Offers a clearer picture of the underlying trend compared to short-term frames.
— Provides more opportunities for confirmation signals and technical analysis.
— Allows for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
✨ EURJPY: HTF CURVE ANALYSIS (1M) ✨(DOWNTREND)
SLO2 @ 166.20 ⏳
SLO1 @ 158.60 📉
TP1 @ 144.25
TP2 @ 132.15
TP3 @ 123.15
TP4 @ 109.33
BLO1 @ 106.00 ⏳
BLO2 @ 106.00 ⏳
🔑
BLO = BUY LIMIT ORDER
HTF = HIGH TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Long-term time frames (1 week to 1 year):
— Shows the big picture, revealing major trends and economic factors.
— Less volatile, price movements are slower and smoother.
— Suitable for long-term trend trading and position trading.
— Requires less frequent monitoring but may offer fewer trading opportunities.
EURJPY: Buy opportunity at the bottom of the Channel Up.EURJPY has turned neutral on its 1D technical outlook (RSI = 46.011, MACD = -1.000, ADX = 41.208) as it held the 1D MA200 but remains restrained under the 1D MA50. This rebound however looks very much like the August 2nd 2022 1D MA200 rebound, which after it crossed over the 1D MA50, rallied to the 1.236 Fibonacci extension. A 1D MACD Bullish Cross will confirm this signal and we turn bullish targeting under the 1.236 and the top of the Channel Up (TP = 168.000).
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EUR/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
Bearish trend on EUR/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 154.160.
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EURJPYEURJPY is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 153
What you guys think of this idea?
EURJPY H4 | Bearish reversalThe current price could break through the sell entry and reverse to the take profit level.
Buy entry is at 157.433 which is a pullback support.
Stop loss is at 159.081 which is an overlap support.
Take profit is at 154.655, this is a multi-swing low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.