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EURJPY

EURJPY forming a top?EURJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 162.36. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 162.30 (stop at 163.22) Our profit targets will be 159.68 and 157.60 Resistance: 164.15 / 166.70 / 169.90 Support: 160.75 / 159.35 / 157.60 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
2
EUR/JPY Rejection at Trendline – Bearish Move Ahead?EUR/JPY 4-hour chart is respecting a long-term descending trendline, acting as dynamic resistance. Price recently tested this trendline near 162.018 - 164.073 and is now rejecting it, indicating a potential bearish move. Bearish Confirmation & Entry: Price failed to break above the 162.018 - 164.073 resistance zone, confirming a potential sell opportunity. A downward movement is expected, targeting key support levels as marked. Target Levels: First Take Profit (TP1): 158.753 (Minor support zone) Second Take Profit (TP2): 157.319 (Stronger support) Third Take Profit (TP3): 156.202 (Significant demand area) Final Take Profit (TP4): 154.786 (Major support and previous low) Risk Management: Stop-loss: Above 162.018 to protect against a potential breakout. The trade setup offers a high risk-to-reward ratio, making it a strong candidate for a short position.
Short
by ultreosforex
EURJPY INTRADAY bullish breakout confirmation neededThe EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The critical trading level to watch is 160.26, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 162.58, 163.22, and 163.66 over a longer timeframe. However, if the 161.26 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could trigger a deeper retracement, targeting the 160.55 support level, followed by 159.10. Conclusion The sentiment remains bullish as long as the 161.26 support level holds, with potential upside targets at 162.58, 163.22, and 163.66. A break below 161.26, however, would shift the outlook to bearish, signaling a potential move towards 160.55 and 159.10. Traders should closely monitor price action and daily closes around the key support to assess sentiment shifts and trading opportunities. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/JPY Technical Analysis | 2H Chart 📉 EUR/JPY is currently showing signs of rejection from a key descending trendline (green) after a strong bullish move. 📌 Key Observations: ✅ Resistance Zone (Purple Box): Price attempted to break but faced rejection. ✅ Support Levels: Watching 160.617 and lower 158.519 for potential downside targets. ✅ Bearish Momentum: The price is reacting from resistance, suggesting a possible short-term pullback. ✅ Breakout Scenario: A break above 161.834 could trigger bullish continuation toward 162.500+. 💡 Trading Plan: 🔸 If price re-tests resistance and holds, expecting a potential drop toward the 158.500 region. 🔸 A confirmed breakout above 161.834 could invalidate the bearish bias and lead to further upside. 📊 Keep an eye on upcoming economic events for volatility! ---
by Greenfireforex
EURJPY: Will Start Falling! Here is Why: Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ❤️ Please, support our work with like & comment! ❤️
Short
by UnitedSignals
1
EURJPY INTRADAY Bullish breakout supported at 161.26The EUR/JPY currency pair price action sentiment remains bullish, underpinned by the prevailing long-term uptrend. Recent intraday movements indicate a bullish breakout above the previous resistance level, which has now established itself as a new support zone. Key Levels and Price Action The critical trading level to watch is 161.26, representing the previous consolidation range. A corrective pullback to this level, followed by a bullish rebound, could signal continued upward momentum. In this scenario, the pair may aim for upside resistance levels at 162.58, 163.22, and 163.66 over a longer timeframe. However, if the 161.26 support level fails to hold and there is a confirmed daily close below it, the bullish outlook would be invalidated. This breakdown could trigger a deeper retracement, targeting the 160.55 support level, followed by 159.10. Conclusion The sentiment remains bullish as long as the 161.26 support level holds, with potential upside targets at 162.58, 163.22, and 163.66. A break below 161.26, however, would shift the outlook to bearish, signaling a potential move towards 160.55 and 159.10. Traders should closely monitor price action and daily closes around the key support to assess sentiment shifts and trading opportunities. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Bullish rise?EUR/JPY has reacted off the pivot which is a pullback resistance and could potentially rise to the 1st resistance which is also a pullback resistance. Pivot: 161.27 1st Support: 159.43 1st Resistance: 163.74 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
2
EURJPY Technical Analysis! SELL! My dear friends, EURJPY looks like it will make a good move, and here are the details: The market is trading on 160.92 pivot level. 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 - 159.03 Recommended Stop Loss - 161.65 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURJPY Bullish Breakout Technical and Fundamental confluenceEURJPY Trade Analysis Trade Type: Buy Technical Analysis: 1. Trendline Breakout: EURJPY has broken above a key trendline, signaling a potential trend reversal or continuation. 2. Zone Breakout: The price has decisively moved past a strong resistance zone, confirming bullish momentum. 3. Double Bottom on 4H: A well-formed double-bottom pattern at a critical support level within the blue zone suggests a strong bullish reversal. Fundamental Analysis: Bullish Euro Outlook: Recent economic data and news favor the euro, boosting investor confidence. Positive developments such as stronger-than-expected GDP growth, hawkish ECB comments, or improved inflation outlook contribute to EUR strength. Risk Sentiment: If global markets favor risk-on assets, JPY (a safe-haven currency) could weaken, further supporting EURJPY’s bullish move. Trade Details: Target Price: 163.755 Risk Management: 1% risk per trade Risk-to-Reward Ratio (RRR): 1:3 With both technical and fundamental factors aligning, this trade setup presents a high-probability opportunity. Proper risk management will be maintained to maximize gains while minimizing exposure.
Long
by VENRAW
EURJPY Will Go Down From Resistance! Sell! Please, check our technical outlook for EURJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 159.715. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 156.155 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
Weekly Watchlist & Market Outlook (#1)Welcome back, guys! I’m Skeptic , and today, I’m breaking down my weekly watchlist with key market setups. Having a structured plan before the trading week starts helps you stay mentally prepared, avoid impulsive trades, and stick to your strategy. So, let’s dive in! 1. XAUUSD (Gold) 🟡 Daily TF: Gold has maintained a strong major uptrend and recently completed a price correction to 2842.15 (36% Fib) before resuming its upward movement. This signals a potential continuation of the bullish trend. Trigger (Daily): Break above 2954.24 🔼 4H TF: Price is currently in a range between 2896 (support) and 2927 (resistance). Long trigger:Breakout above 2927 Short trigger: Below 2896 (although trading in the trend’s direction is recommended for better R/R). 2. EURJPY 💶 Daily TF: The pair is ranging between 155.551 (support) and 161.166 (resistance). 4H TF: Long trigger: Breakout above 161.166 📈 (RSI entering overbought territory could add confluence). Short trigger: Break below 159.291 targeting the range’s bottom. 3. GBPAU D Daily TF: The key resistance at 2.02396 has been broken, signaling a new uptrend. 4H TF: Long trigger: Breakout above 2.05139 🔼 for trend continuation. Short trigger: If 2.02396 fails as support (fake breakout), look for lower TF confirmation. 4. GBPNZD Daily TF: Similar to GBPAUD, 2.23992 resistance has been broken, and price has pulled back. 4H TF: Long trigger: Breakout above 2.26565 📈 for continuation. Short trigger: If 2.23992 fails (fake breakout scenario). 5. AUDNZD Daily TF: A strong uptrend was recently broken, potentially signaling a price correction. 4H TF: Short trigger: Break below 1.10115 🔻 (sign of further downside). Long trigger: If price reclaims the broken trendline, indicating a fake breakdown. Final Thoughts 💡 Thanks for following this week’s watchlist! If you have specific pairs or assets you’d like me to analyze, drop them in the comments. Growing alone may be fast, but in the long run, teamwork wins. Let’s grow together. ❤️
TVC:DXY
by SkepticWise
1
EUR/JPY Trade Setup Bullish Breakout StrategyEUR/JPY trade setup is based on a **bullish breakout strategy**. Here’s a breakdown of the analysis: **🔹 Trade Details:** - **Entry at 160.200:** This level is identified as a good buying point, likely after a breakout or strong upward momentum. - **Stop Loss at 159.500:** If the price reverses and hits this level, the trade will be closed to limit potential losses. - **Target at 161.200:** The price is expected to reach this level if the bullish momentum continues. ### **📊 Why This Trade?** 1. **Resistance Breakout:** If EUR/JPY breaks a key resistance level, it could trigger more buying pressure, pushing the price higher. 2. **Strong Buy Zone:** After breaking resistance, the market often enters a phase where buyers dominate. 3. **Risk Management:** The stop loss is placed to minimize potential downside, ensuring a controlled risk-to-reward ratio. 📌 **Conclusion:** If the price breaks above resistance and holds, it’s a strong buy setup. However, always use proper risk management to protect your capital. 🚀📈
Long
by elitetrader9090
EURJPY The Target Is DOWN! SELL! My dear followers, I analysed this chart on EURJPY and concluded the following: The market is trading on 160.16 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 158.40 Safe Stop Loss - 160.90 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1