EURJPY: Finally ready to reverse?EURJPY has been hanging around 157 - 157.5 range for some time, we saw a break below last week which quickly recovered, but we've broken back below now so I expect a stronger push back down to the low of last week (caused by JPY buying).
With price action there was also a failure to make a new high, we saw a short pinbar on the 4HR before we broke back below my resistance block.
I see this happening again as the BoJ look to defend their currency, I'm expecting JPY to start to perform well across the board - they may not provide any interest but their inflation is low and their economic performance is looking ok to me to, and also money flows and so a reversal should be coming soon.
I also think the EURO is in trouble, with stagflation, this will lead to recession imo and will hit the EURO so this is one of the JPY crosses I'm expecting big declining moves from.
Eurjpy!
Strifor || GBPUSD-10/09/2023Preferred direction: BUY
Comment: According to the results of statistics from the US on the labor market, the pound, like many of the dollar's competitors, was able to strengthen. However, such strengthening is unlikely to last. But still, at the beginning of the week, it is most likely better to take a closer look at purchases. The goal of growth will be a re-test of the level 1.22369, and it is possible to update local highs located just above this level.
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EURJPY Long Term Selling Trading IdeaHello Traders
In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET
today EURJPY analysis 👆
🟢This Chart includes_ (EURJPY market update)
🟢What is The Next Opportunity on EURJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURJPY Buy signal inside a strong Channel Up.EURJPY is trading inside a Channel Up starting from the beggining of the year.
The MA100 (1d) gave the necessary Support last week at the bottom of the Channel UP.
Trading Plan:
1. Buy once the price closes over the Falling Resistance.
Targets:
1. 166.700 (+8.00% rise as per the bullish leg prior).
Tips:
1. The RSI (1d) hit Support (1) and rebounded. This support level has priced the lows of July 27th, March 17th and January 17th.
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Notes:
Past trading plan:
EURJPY: Trading Signal From Our Team
EURJPY
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURJPY
Entry Point - 157.94
Stop Loss - 158.44
Take Profit - 156.98
Our Risk - 1%
Start protection of your profits from lower levels
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EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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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 7month Channel Up looking for a correction.EURJPY is trading inside a Channel Up for the past 7 months, consolidating currently around the 1day MA50.
The Channel Down on the 1day RSI hints towards a possible price pull back, the same kind that took place in November-December and June-July 2022.
Both corrections touched the 1day MA200.
Sell and target 152.000 (projected contact with the 1day MA200).
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EUR/JPY Gave 4 Hours Ago , +150 Pips 0 Drawdown , Updated This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/JPY Long Setup To Get 200 Pips At Least !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Strifor || USDJPY-10/06/2023Preferred direction: SELL
Comment: For this currency pair, we also note a potential strengthening of the dollar, however, the more global picture here will gain the strength of a seller of the brightest of everything. It should also be immediately noted that at the very publication of data on the US labor market today, the instrument may behave opposite to the general dollar trend.
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EURJPY H4 | Potential bearish breakoutEUR/JPY is falling towards a breakout level and could potentially break through this level to drop lower.
Sell entry is at 155.796 which is a pullback support.
Stop loss is at 156.40 which is a level that aligns with the 50.0% Fibonacci retracement level and sits above the recent pullback.
Take profit is at 154.341 which is a swing-low level.
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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.
Strifor || USDJPY-10/05/2023Preferred direction: Neutral
Comment: Sell-priority is maintained in terms of price. Level 147.816 is in focus. On non-farm, the price can dive deep down and then try to recover. You need to be as careful as possible with this currency pair tomorrow during the release of labor market data.
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EURJPY H4 | Reacting off 61.8% Fibo?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 156.82, which aligns with 61.8% Fibo retracement.
Our take profit will be at 155.93, a multi-swing low support level. The stop loss will be placed at 157.30, an overlap resistance 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.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 74% 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.
FXCM Australia 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 Continuation PlayEURJPY has been trading in a range between 157.139 and 159.336 since early August. Earlier this week, price finally broke below the lower range boundary and it looks like price will remain below it.
I currently have a bearish sentiment. Although price may take a pause post-breakout, I anticipate continuation to the downside will remain likely as this reversal is underway.
EURJPY The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 156.47
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 157.47
Safe Stop Loss - 155.92
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK