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Eurjpyanalysis

EUR/JPY: Has it topped?A multi-month bearish divergence has formed on the EUR/JPY daily chart. And whilst the trend remains bullish, it has made harder work of gains in recent months whilst the bearish divergence formed. There's also reason to suspect BOJ members are getting read to increase their verbal warning shits, with one member yesterday remining traders that they are watching currency movements. And with a renowned ECB hawk making a slightly dovish comment, EUR/JPY posed its worst daily gain in five weeks on Thursday. The near bearish engulfing candle (the open was slightly below Wednesday's close), a growing case for a yen reversal and euro top, makes us suspect EUR/JPY is at or very near an inflection point. From here, bears could seek to fade into minor rallies below 160 in anticipation for an initial move lower to 155.50.
Short
by CityIndex
EUR/JPY Ascends Beyond 158.30 Amid Hawkish ECB CommentsThe EUR/JPY currency pair has edged above 158.30, largely influenced by ECB President Christine Lagarde's hawkish stance on inflation and interest rates. The pair faces resistance at 158.18 and could establish new trading ranges depending on upcoming economic data releases. The Bank of Japan maintains its loose monetary policy, offering a contrasting backdrop. TRADE IDEA DETAILS CURRENCY PAIR: EUR/JPY CURRENT TREND: Bullish above 158.30 TRADE SIGNAL: Conditional Buy 👉 ENTRY PRICE: 158.40 ✅ TAKE PROFIT: 159.40 ❌ STOP LOSS: 157.80 ANALYSIS: The EUR/JPY is trending upwards, buoyed by ECB's hawkish comments. Technically, the pair is experiencing resistance at the Tenkan-Sen line of 158.18. A breach above this line could signal strong bullish momentum. The risk-to-reward ratio is favorable with 1:2 (60 pip loss vs. 100 pip gain). FINAL THOUGHTS: The trade idea aims to capitalize on the pair's current bullish momentum and potential for higher moves. However, traders must exercise caution and keep an eye on fundamental economic releases that could influence market sentiment.
by RichDadph-FX
EUR/JPY Faces Downward Pressure: Support Looms Near 156.00The EUR/JPY currency pair faces short-term bearish pressure, declining to lows near 157.00. Key support levels emerge at 156.00, 152.50, and 151.40, marked by various SMAs. Despite the immediate downturn, the longer-term trend remains bullish, supported by the 200-day SMA at 147.51. The situation provides both short-term and long-term trading opportunities, all illustrated in the daily technical chart. TRADE IDEA DETAILS CURRENCY PAIR: EUR/JPY CURRENT TREND: Short-term bearish, long-term bullish TRADE SIGNAL: Sell (Short-term) / Buy (Long-term) Short-term (Sell) Trade: 👉ENTRY PRICE: 157.00 (Recent multi-day low) ✅TAKE PROFIT: 156.00 (55-day SMA) for a short-term trade, or 152.50 (100-day SMA) for a more extended trade ❌STOP LOSS: 158.00 (Just above the recent trading range) Long-term (Buy) Trade: 👉ENTRY PRICE: 156.00 (55-day SMA) ✅TAKE PROFIT: 160.00 (Psychological resistance level) ❌STOP LOSS: 154.00 (Below the 100-day SMA) ANALYSIS: Short-term (Sell) Trade: The recent decline in EUR/JPY and a break below the 157.00 level offers a short-term selling opportunity. The 55-day SMA serves as a near-term target. Long-term (Buy) Trade: The longer-term bullish trend and support at the 156.00 level (55-day SMA) provide an opportunity to buy, expecting a bounce and a return to the longer-term upward trend.
Short
by RichDadph-FX
EURJPY Long Term Buying Trading IdeaHello Traders In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET today EURJPY analysis 👆 🟢This Chart includes_ (EURJPY market update) 🟢What is The Next Opportunity on EURJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
EURJPY End of Bull Run! Let's go Shorting. {31/07/2023}Educational Analysis says EURJPY may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Because Jpy fair value gaps are unfilled in a 1- hour time frame. Although last week EURJPY proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure. The Rectangle box is the Order block Analytical Trade would probably be Sell limit order at 157.850 Stop loss at 158.90 Take profit at 151.356. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Short
by VishalBudhrani
EURJPY WEEKLY TRADE 24/2 TO 3/3hi all Weekly summaries: Before breaking through the previous high, daily trading had been in a consolidation phase from the previous high at 142.939 to a lower level at 137.385 for 9 weeks. So, unless the price breaks present support at 139.547, a pullback would be a decent opportunity to stay long. In the elliott wave chart, I think the price is in wave 4 after an extended wave 1 and is about to complete wave 5 unless it breaks through the level of149.787, then I'm expecting wave 3 to end at a level between 158 and 160. Let me know what you think In the comments! My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills. Thanks a lot for your support.
Long
by mytw0cents