EURJPY
EUR/JPY H4 | Could the BoJ finally raise interest rates today?EUR/JPY could fall towards a potential breakout level and drop lower from here should we see the BoJ finally raises interest rates today (19th March).
Sell entry is at 161.877 which is a potential breakout level.
Stop loss is at 162.800 which is a level that sits above an overlap resistance.
Take profit is at 160.380 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
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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 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
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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.
EURJPY ShortMARKET PHASE
OANDA:EURJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 162.374. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:EURJPY with the following parameters:
Sell Limit: 162.374
Stop Loss: 162.589
Take Profit: 161.943
EUR/JPY Pair: Potential Reversal Patterns AheadIn Monday's Asian session, the EUR/JPY pair maintains a positive stance near 162.55, trading with strength below the resistance zone of 162.00. This uptrend is fueled by investor optimism surrounding the potential shift in the Bank of Japan's (BoJ) monetary policies, expected to occur in March or April. The BoJ's upcoming interest rate decision, scheduled for Tuesday, is anticipated to provide further clarity on this matter.
From a technical standpoint, the pair is approaching key resistance levels, indicating a potential correction following the economic news. The presence of the 78.6% Fibonacci level and the Stochastic indicator in overbought territory further supports this view. As such, we are on the lookout for bearish patterns to emerge before considering a valid position for a bearish setup.
Looking ahead to Tuesday, all eyes will be on the BoJ's interest rate decision, which could offer insights into the future direction of the USD/JPY pair. Additionally, the release of the ZEW Survey data from Germany and the Eurozone will provide further trading opportunities around the EUR/JPY cross. Traders will closely analyze this data to identify potential market movements and adjust their trading strategies accordingly.
Technical Update - EURJPY above key resitance, likely further upThe EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88.
If it fails to close above 162.38, EURJPY could slide back to between 161 and 160
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 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.
The JPY weakens against the EUR 👉Examining the trend in the four-hour time frame, EUR/JPY has crossed the resistance barrier of the bearish cloud of the Ichimoku indicator and seems to have targeted the resistance range of the previous ceiling in the range of 163.71-163.43.
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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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.
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. 66% 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. 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 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 : Short Trade , 4hHello traders, we want to check the EURJPY chart. The price is moving in a downward channel and has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 160,600. Good luck.
EURJPY SWING SHORTEURJPY has so much room to fall as we are right at the resistance. Target is around 152.00
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 RISING WEDGE BREAKOUTEURJPY adhered to the supply zone's boundaries and executed a bearish breakout from the rising wedge pattern. Consequently, we anticipate a downward retracement following the confirmation received.
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.
EUR-JPY Short From Resistance! Sell!
Hello,Traders!
EUR-JPY keep going up
But the pair has almost
Reached a horizontal
Resistance level of 162.127
From where I think
We will see a local
Bearish correction
Sell!
Like, comment and subscribe to help us grow!
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 :-)
✅EUR_JPY LOCAL SHORT🔥
✅EUR_JPY is going up
To retest a supply level
Of 162.125 from where
I will be expecting a
Local bearish reaction
And a move down
SHORT🔥
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