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EURJPY

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
EURJPY: Important Bullish Breakout & New High 🇪🇺🇯🇵 EURJPY is trading in a long-term bullish trend. The price formed a huge ascending triangle formation on a daily, perfectly respecting 159.8 - 160.0 resistance. Yesterday, the pair formed an imbalance bullish candle and successfully closed above the neckline of the pattern, setting a new higher high higher close. It will most likely push the prices to the new highs. Next resistance - 162.5 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
6
EURJPY H4 | Bullish momentum to extend?EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 159.764 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 159.281 which is a level that aligns with the 50.0% Fibonacci retracement level. Take profit is at 160.847 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. 67% 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. 72% 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 WildCardThere have been some choppy waters flowing for the EURJPY in the recent short term. This main scenario is considering a test of the resistance zone near the orange rectangle, and in case the red curved support is broken and preferably retested there could be some room for a bearish wave towards the green rectangle where another opportunity might present itself in case the price meets a powerful support there. Price action dictates the present and the potential future so have a lookout for any weakness or turnaround patterns that might occur in the projected support/resistance zones.
by nen
USD/JPY: Anticipating Downward Movement at Strong ResistanceUSD/JPY is one of the most traded currency pairs in the world. The value of the USD/JPY pair is quoted in Japanese yen per one U.S. dollar. For traders, it is important to note that the pair is currently at a strong resistance level and is expected to move downwards. Outlook According to, the USD/JPY pair is expected to face resistance at the 151.70 area, which is its highest level since October 2022. The YTD peak could also offer some resistance to the USD/JPY pair ahead of the multi-decade top. The Bank of Japan's policy of patience sent the yen to an all-time low, and the Japanese authorities are always in close communication with U.S. counterparts on currencies and share a mutual understanding that excessive moves in the currency should be avoided. Therefore, traders should keep an eye on the pace of the decline in the Japanese yen. Fundamental Analysis The unwavering stance on negative rates by the Bank of Japan puts a spotlight on USD/JPY movements, amid whispers of potential interventions. The interest rate differential between the policy rates of the Federal Reserve and the Bank of Japan (BoJ) is an important influence on the USD/JPY exchange rate. Higher interest rates make a currency relatively more attractive because they allow for higher returns on investment. Technical Analysis The USD/JPY pair is currently at a key resistance level of 151.93. A firm break above this level will target 100% projection of 129.62 to 145.06 from 137.22 at 152.66. However, for the shift to lead to a bullish trend, the price must start making higher highs and lows. That means a break above the 150.75 resistance level. Otherwise, the price might start a period of consolidation near the 150.00 key level. Conclusion In conclusion, the USD/JPY pair is currently at a strong resistance level and is expected to move downwards. Traders should keep an eye on the pace of the decline in the Japanese yen. The interest rate differential between the policy rates of the Federal Reserve and the Bank of Japan (BoJ) is an important influence on the USD/JPY exchange rate.
Short
by fardycurry
3
EURJPY H4 | Bullish reversal off 61.8% fibo?Price is falling to our buy entry at 158.92, which is a pullback support level, aligning with the 61.8% fibo retracement level and slightly below the 78.6% fibo projection. Our stop loss is at 157.59, which is below the multi-swing low support level. Take profit is at 160.4, which is a swing high 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.
Long
by FXCM