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Eurjpy!

Daily Trend Reversion Options PlayOpened a position on EURJPY to fade the move back towards the Daily uptrend. Decided to go with an option for this with Exp on Friday Nov 10th @160.500 strike. Price accelerated away from the uptrend after the BoJ announcement on Oct 31st, before it pulled in and supported at 159.500 for a couple days and rallied again. I feel this provides a good risk reward on the idea, supported by intra-day bearish price action today. It looked like we had broken down yesterday, but price reversed and regained VWAP. After that though we only made a marginal new high in Asia and has since trades back below VWAP and failed to hold support at 160.850.
Short
by RuckSack
EURJPY → Rally looks unabated so farFX:EURJPY extends the march north of the fifth session in a row and clinches a new 2023 peak past the 161.00 hurdle on Wednesday. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.05 (November 8) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23) So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 151.92.
Long
by tradingconmike
EURJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
11
Strifor || USDJPY-08/11/2023Preferred direction: BUY Comment: The long-term idea of going short on this currency pair remains, however, as we predicted earlier, it will not do without additional false breakouts and price growth towards the level of 155. Now another long setup has been formed, the growth prospects of which locate at the level of 151.500. After which there is a possibility of a rollback downwards, however, one need to wait for this and make a decision based on the fact that the signal is formed. Thank you for like and share your views!
Long
by Viktor_strifor_analyst
3
EURJPY → Extra gains remain on the cardsFX:EURJPY advances to fresh YTD highs just above 161.00 the figure on Tuesday. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.02 (November 6) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23). So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 151.82.
by tradingconmike
TradePlus-Fx|EURUSD: beginning of the week💬 Description: After Friday's release of data on the US labor market, USD competitors have largely recovered and most likely this trend will continue, mainly this week. But this also does not cancel the downward correction, which most likely will not happen here. Such a movement is expected towards the level of 1.07000 ; one need to realize that the price may not reach it exactly. After which there will most likely be good long entry points. The growth prospect lies at the level of 1.08000. 🔔FX CALENDAR TODAY🔔 🇨🇦Ivey PMI ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Long
by TradePlus-Fx
6
EURJPY - Is it Time For A Correction?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on H4: Left Chart EURJPY has been bullish trading inside the rising wedge in blue. However, it is currently approaching the upper bound acting as a non-horizontal resistance so we will be looking for sell setups. on H1: Right Chart For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in gray. Meanwhile, EURJPY would be bullish and can still trade higher to test the upper blue trendline. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
2
TradePlus-Fx|EURUSD: strengthening💬Description: According to the previous scenario, in a certain future (1-2 weeks) , we expected a temporary strengthening of the Euro , which is currently happening. In the near future, most likely, buyers will approach the level of 1.06745 , from where the “insidious” plan of buyers to “throw out” sellers from the market will begin. To do this, it is necessary to make a local update of the maximum, and as a result, it is most likely the price will touch the level of 1.07000. 🔔 FX CALENDAR TODAY 🔔 🇪🇺CPI 🇪🇺GDP 🇨🇦GDP (m/m) 🇺🇸SP-Case-Schiller Index 🇺🇸Chicago PMI 🇺🇸Consumer Confidence 🛢API Weekly Crude Oil Stock ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Long
by TradePlus-Fx
16
EURJPY Direction for current and next weekEURJPY has been showing a bullish trend on the high time frame, although it has been range bound since August 30, 2023. The price action has recently touched down on a key demand zone ranging between 157.11 and 157.32. I plan to wait for a clear bullish break of structure (BOS) along with positive price action and momentum before entering a buy position. My target for this trade would be the 158 level or higher. While there's another demand zone below the current one, it seems reasonable to anticipate a bullish move. This expectation is based on the likelihood that the market will accumulate sufficient liquidity either at the current demand zone or the one below it before making an upward move.
Long
by BinSaeed83
JPY- The big short?JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP data, however GJ showed strong rally against the YEN ect, We know would like to see some entries to trade a potential imbalance to the downside as the great fall of JPY looks set to continue.
PEPPERSTONE:JPYXShort
by ZenFlo
Eurjpy: Price to continue the bullish trend? Eurjpy, have been bearish since last few months, therefore the current market pullback is short termed and that is why price moved back sharply, there are also other main factors that will influence the price of EURJPY, such as weaknening JPY as there is no sign of investors having any interest on buying the currency as long as DXY remain bullish. Here what we think of JPY in coming weeks: The JPY is expected to weaken against the USD in the week of October 2023. The USD/JPY pair is expected to rise to 140.00, as the US Federal Reserve is expected to continue raising interest rates, while the Bank of Japan is expected to keep its monetary policy unchanged. The Fed is expected to raise rates by 50 basis points at its September meeting, and by another 25 basis points at its November meeting. The BoJ is expected to keep its benchmark interest rate at -0.1%. The divergence in monetary policy between the two central banks is expected to weigh on the JPY. Additionally, the US economy is expected to continue to grow at a faster pace than the Japanese economy, which will also support the USD/JPY pair. Here what we think of EUR: The euro is expected to trade in a range between 0.95 and 1.05 against the US dollar in October 2023. The currency is likely to be supported by the European Central Bank's (ECB) decision to raise interest rates by 75 basis points in September. The ECB is expected to continue to raise rates in the coming months in an effort to combat inflation. However, the euro is likely to be weighed down by the ongoing war in Ukraine and the resulting energy crisis. The conflict is likely to continue to disrupt trade and economic activity in Europe, and could lead to a recession in the region. Overall, the euro is likely to remain volatile in the coming months, and investors should be prepared for further fluctuations in the currency's value. Want us to continue posting such ideas then please do support by following us and liking our ideas if you agree with them.
Long
by Setupsfx_
36
EURJPY possible expansionAfter a series of higher highs and higher lows, price is clearly in an uptrend. It broke the previous weak high is enormous momentum, leaving behind a huge unmitigated imbalance with a 2/3 hr supply zone. Price has been retracing slowly towards this supply zone and has currently formed an internal structure weak low as a form of liquidity that it could use to fuel it's move up to take out the latest weak swing high, thus continuing the bullish trend
Long
by BlackTygaTrades
7