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Eurjpyanalysis

EURJPY very positiveHello traders. According to my analysis of the EURJPY. There is a high probability of going up. Where the market broke out of a bearish flag. Likewise, the strong resistance at the level of 147000 was broken. The price tested the resistance for the second time. And he couldn't break it. Also, a very positive candle has formed on the daily chart. All of these indicators indicate the strength of the buyers in this pair . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
Long
by inv_market09
12
Eur Jpy Long IdeaEUR/JPY has recently experienced a corrective bearish move, creating an opportune moment for traders to consider a long position in this currency pair. This bullish analysis highlights the potential for a reversal from the corrective downtrend, with key technical and fundamental factors supporting the long signal for EUR/JPY. Technical Analysis: Fibonacci Retracement: The corrective bearish move in EUR/JPY can be seen as a retracement within a broader uptrend. By applying Fibonacci retracement levels, we can identify potential support levels where the pair could reverse and resume its bullish momentum. Bullish Divergence: In the recent corrective phase, there might be signs of bullish divergence on the oscillators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), indicating weakening bearish momentum and a potential shift in favor of bulls. Key Support Zones: Several key support zones coincide with the Fibonacci retracement levels and previous swing lows, creating a solid foundation for a bullish reversal. Traders can use these levels to place stop-loss orders to manage risk effectively. Fundamental Analysis: Strong Economic Recovery: The European Union and Japan have been experiencing a robust economic recovery from the global downturn, buoyed by fiscal stimulus measures and vaccination progress. As economic activity picks up, the demand for both EUR and JPY may increase, but the Eurozone's larger economy could give it an edge. Diverging Central Bank Policies: The European Central Bank (ECB) has shown signs of tightening monetary policy to combat inflationary pressures, while the Bank of Japan (BoJ) has remained accommodative. This policy divergence could strengthen the Euro against the Japanese Yen in the long term. Risk-On Sentiment: If global markets maintain a risk-on sentiment, investors may seek higher-yielding assets, including the Euro, and the Japanese Yen, being a safe-haven currency, may experience reduced demand in such a scenario. Conclusion: Considering the technical and fundamental factors at play, a long signal for EUR/JPY appears promising after the corrective bearish move. Traders should exercise proper risk management techniques, placing stop-loss orders at critical support levels. A successful long position can capitalize on the potential bullish reversal, fueled by a strong economic recovery in the Eurozone, diverging central bank policies, and prevailing risk-on sentiment in the market. As always, it's essential to stay updated on any relevant news or events that could impact the currency pair and adjust the trading strategy accordingly.
Long
by realtrademaster
Monetary Policy Bonanza: Central Bank Decisions to WatchThis week, three of the world's most watched central banks are scheduled to announce their monetary policy decisions. The Federal Reserve will be the first to make its announcement on Wednesday at 2:00 pm, followed by the ECB on Thursday at 8:15 am, and the Bank of Japan later on Thursday at 11:00 pm (NY time). This convergence of central bank activities may lead to potential trading opportunities. The consensus among analysts is that the Federal Reserve will raise borrowing costs by 25 basis points, bringing the interest rate to 5.25%-5.50%. This rate hike is widely expected, so traders will be more focused on the policy outlook of the Bank. How hawkish or dovish the Bank's stance is perceived to be will likely influence the EUR/USD pair. Because inflation gauges in the US have eased recently, the Fed may hint at potential pauses in future rate hikes. About 18 hours later, the ECB is also anticipated to deliver a 25bps rate increase. Once again, traders will be closely watching the Bank's outlook. While there is a possibility that the ECB may hold back from committing to further tightening, the absence of similar inflation softening in the Euro Area as seen in the US makes this less likely. Looking at the EUR/USD chart, the pair has already slipped below a technical support level at 1.10700, and the psychological level of 1.10500 is now in clear view. Among the three central banks, traders believe that the Bank of Japan is the most likely to surprise the markets. There's speculation that the Bank may make adjustments to its yield curve control policy. If this scenario unfolds, the Japanese yen could attempt a comeback in the currency markets, reversing some of its previous losses against the US dollar and the euro.
by BlackBull_Markets
EURJPY Analysis. Update!Hello Everyone. I want share my idea about EURJPY. Last week I share my idea about this pair and also open my long position which is going well. THE REASON WHY I OPEN LONG. On high timeframe we (1D,1W) we have big bullish trend, i was waiting correction for find right spot for open long position, in this week i see price lost movement when it came at Fibonacci 50 % LVL, it stopped little time and at 1h timeframe we saw reversal movement, it broke trendline and last hour, Friday, market closed when candle came little bit strong down for retest. my signal, for next week is still bullish, i would like to see retest at support zone at 155.3 see pullback from that area and brake resistance at 156.9. Here is my 2 scene. 1 Bullish - price show us new low of uptrend at support, going strongly up and brake resistance and going to show us ne month high. 2 Bearish - Price downtrend is strong, support cant catch price movement, and its coming down strong.
Long
by elmakacho
2