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EURJPY

EURJPY Grab Liquidity and then Shoot UpPure technical analysis. At market close on Friday 2 February, EURJPY reached the upper channel of the micro-Elliott Wave (ABCDE waves) which was the last part of the Elliott wave from the previous bullish movement (12345 waves). Wave 12345 also indicates a break of structure heading upwards. We predict that EURJPY will complete leg E of the micro-Elliott Wave and will react at the price level of 157.000 which is also coincides with the 0.786 Fibonacci zone, where there is equal low liquidity to take and also a flip zone in a smaller time frame. For entry, wait for the price to retrace at level 157.000 - 157.800. If there is a change of character in this zone, take a buy position and set take profit at the level of 163.000 - 163.610, or the previous resistance. Cancel the setup if the price immediately shoots up to the 161.500 zone or breaks the 155.100 level.
Long
by adittiaduilocca84
EURJPY Technical Analysis! SELL! My dear friends, Please, find my technical outlook for EURJPY below: The instrument tests an important psychological level 160.57 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 159.64 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURJPY H1 | Potential bullish bounceEUR/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 160.289 Why we like it: There is a pullback support level Stop Loss: 159.853 Why we like it: There is an overlap support that aligns close to the 50.0% Fibonacci retracement level Take Profit: 160.929 Why we like it: There is a pullback resistance that aligns close to the 100.0% Fibonacci projection 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.
Long
by VantageMarkets
EurJpy to rise 500 pipsAfter reaching a recent low in the 153 zone at the beginning of the year, EurJpy began to ascend. By mid-January, it successfully surpassed the 158 resistance and surged upward, reaching a peak at 162. A normal correction ensued, confirming the establishment of a new support level at 158. Yesterday, the pair made a higher low, and the current price is breaking above short-term resistance. I anticipate a continuation of the upward trend, with EurJpy potentially reaching 165 in the medium term. The viability of this bullish scenario is contingent upon the pair avoiding a break below 158.
Long
by Mihai_Iacob
Potential Bear Flag?? - EJHere I have EUR/JPY on the 4Hr Chart! Ever Since the beginning of the sight of the Double Top Reversal Pattern on the Weekly Timeframe, Price for EJ has been slowly forming what looks to be a Bearish Channel! Now over the weekend of Jan. 19th - 21st, Price crested inside the Channel and made a strong decline signaling the Buying Power has waned allowing Bearish pressure to come in and take over!! Now if my Bearish Bias turns out correct, we will be looking at a potential Trend Continuation pattern called a Bear Flag!! The caution area price must battle with will be the price range 158.580 - 157.950 acting as support currently but could potentially become RESISTANCE IF BROKEN! *For Prediction to be correct we must first see a VALID BEARISH BREAK of this pattern with a VALID RETEST! Fundamentally this week: EUR - Clear JPY - Clear
Short
by Novi_Fibonacci
2
EURJPY H4 | Bearish reversalEURJPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.85595 which is an overlap resistance that aligns with 23.6% Fibonacci retracement. Stop loss is at 0.85879 which is an overlap resistance that aligns closely with the 38.2% Fibonacci retracement. Take profit is at 0.85174 which is a multi-swing low 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.
Short
by FXCM
3
EURJPY H4 | Breaking resistanceEURJPY is rising towards an overlap resistance and could potentially rise higher to our take profit level. Buy entry is at 160.276 which is an overlap resistance that aligns closely with the 61.8% Fibonacci retracement level. Stop loss is at 158.510 which is a level that sits below a multi-swing low support. Take profit is at 161.761 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. 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.
Long
by FXCM
EURJPY Bearish for this weekThis week, prevailing market dynamics suggest a bearish sentiment for the EUR/JPY exchange rate, propelled by a convergence of influential factors. Foremost among these is the European Central Bank's cautious monetary policy stance in response to lingering concerns surrounding inflationary pressures and economic recuperation within the Eurozone. Compounded by lackluster growth indicators and persistently subdued inflation figures, investor confidence in the euro is challenged, thus exerting downward pressure on the EUR/JPY pair. Heightened political uncertainties within the Eurozone and escalating global geopolitical tensions serve to amplify risk aversion among investors, fostering an inclination towards safe-haven assets like the Japanese yen. Concurrently, market participants remain attuned to nuanced shifts in central bank policies and interventions, which may further exacerbate selling pressures on the EUR/JPY exchange rate as market sentiment adjusts accordingly. In this intricate interplay of economic, political, and market variables, the prevailing forecast for the EUR/JPY pair appears decidedly bearish for the forthcoming trading week.
Short
by Area618
4
EURJPY Trading Opportunity! SELL! My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 160.18 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 159.87 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURJPY | Sell Idea after the FEDEURJPY broke below 159 in the hours leading up to the FED, and as per the manual, the yen gained strength before the most anticipated event of the month. Now the price is in a reversal zone, specifically around the 62-78 Fibonacci levels, and I anticipate a retracement to the 160 level where a supply zone has just been formed after breaking a crucial swing low. When the price returns to the 160 level, I will consider a short entry if the market on the H4 chart retraces to crucial Fibonacci levels, forming well-defined spikes, and if on the M15 chart, the price structurally breaks downward. Always keeping in mind the presence of a midnight spike indicator, I will enter the market only if there is a recovery margin of at least 1.5%, risking 1%. Therefore, it will be crucial to assess whether the descent is free from liquidity constraints. Greetings and happy trading to all; the FED meeting awaits us.
Short
by Forex48_TradingAcademy
1