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EURJPY Weekly Analysis and OutlookEURJPY Weekly Analysis and Outlook Following a significant correction as forecasted in our previous analysis, the EURJPY pair is now poised for a continuation of its upward move. Traders should prepare for potential bullish opportunities as the pair resumes its positive momentum. Current Market Overview: The EURJPY has undergone a deep correction, bringing it to a more favorable level for buyers. This pullback has allowed the pair to gather strength, and recent price action suggests a shift towards renewed bullish sentiment. As the pair stabilizes and starts to climb, traders are monitoring for signs of continued upward movement. Expectations and Potential Scenarios: With the EURJPY set to continue its upward trajectory, several scenarios could unfold: Primary Expectation: Bullish Continuation: Following the deep correction, the EURJPY is expected to resume its upward move. This continuation could lead to higher price levels, offering traders opportunities to capitalize on the bullish trend. In this scenario, the pair might target previous highs and potentially move beyond, reinforcing the positive outlook. Alternative Scenario: Temporary Pullback: If the EURJPY encounters minor resistance and experiences a temporary pullback, traders should view this as an opportunity to reassess and look for entry points at lower levels. This minor correction could provide a better position before the upward trend resumes. Monitoring the price action closely will be crucial to anticipate this scenario. Conclusion: In summary, the EURJPY pair is positioned for further upward movement following a deep correction. Traders should watch for continued bullish momentum, which could signal continued gains and a shift to a positive trend. Keeping an eye on both bullish continuation and temporary pullback scenarios will be essential for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
EURJPY Weekly Analysis and OutlookEURJPY Weekly Analysis and Outlook This week, the EURJPY pair is expected to undergo a significant price correction before resuming its upward movement. This deep correction phase indicates a potential retracement in the short term, offering a strategic opportunity for traders to reassess their positions. Current Market Overview: The EURJPY pair has been demonstrating strong upward momentum over the past few weeks. However, recent price action suggests that a correction phase is imminent. As the market opens we expect the price to move higher a little bit above the resistance zone and then drop back below resistance zone to find support near the key support zone. As the pair approaches key support levels, traders should closely monitor the price action to identify potential reversal points. This corrective movement is seen as a natural part of the broader bullish trend, allowing the market to consolidate gains before making another push higher. Expectations and Potential Scenarios: Upon completing the anticipated deep price correction, we expect the EURJPY pair to resume its upward trajectory. This correction phase could provide traders with a more favorable entry point for long positions, aligning with the broader bullish outlook. Primary Expectation: After finding support during the correction phase, the price is likely to sustain its upward movement, potentially targeting higher resistance levels. This scenario would reinforce the bullish outlook, making it a favorable environment for long positions once the correction completes. Alternative Scenario: If the price fails to find strong support during the correction and continues to fall, traders should be prepared for an extended pullback. This scenario might provide opportunities to reassess entry points at lower levels before the pair resumes its upward trend. Conclusion: In summary, the EURJPY pair is poised for a significant price correction in the coming week, followed by a resumption of its upward movement. Traders should watch for decisive support levels during the correction phase, which could serve as a catalyst for continued gains once the correction is complete. Maintaining awareness of both bullish and corrective scenarios will be crucial for effective trading strategies. Therefore our expectation on this pair remains neutral as both sides of seller and buyers could have equal chances of capitalizing on the price movement at different key levels as long as our forecast remains valid. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
by Piptera-Digital-Solutions
EURJPY 300 PIPS SWING IDEAThe EUR/JPY pair recently hit the resistance level from 2008 and has been bouncing off that zone for several weeks, indicating that the bears are attempting to take control. On the H4 time frame, you can spot two double tops forming over some time. Last week, there was a significant impulse move to the downside, culminating in a bearish flag pattern. I'm anticipating two potential reversals within this bearish continuation pattern—either a double top or a head and shoulders—before executing my short positions. Until then, stay vigilant and keep your spirits high.
Short
by fasthandfx
3
#EURJPY:1000+ Pips Swing Selling Chance! Comment down your viewsDear Traders, JPY has been bullish since this week, and will likely to remain bullish as we approach NFP. If DXY turns out to be bearish it will likely boost JPY to continue the bullish momentum. In short time, we expect price to drop further and make smaller correction towards our entry zone. Once it does that, we can then enter with accurate risk management. **If you like our work, then please do like, comment and follow us which will encourage us to bring you more educational ideas.**
Short
by Setupsfx_
4
EURJPY Technical Analysis and Trade Idea Upon analyzing EURJPY, a robust bullish trend is evident on the weekly time frame. Notably, we’ve identified a clear breach in market structure on the 4H timeframes. However, it’s essential to acknowledge that this pullback might lead to an opportunity to get long in an over all HTF bullish trend. Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
Long
by fxtraderanthony
2
EURJPY Technical Analysis and Trade Idea Upon comprehensive analysis of the EURJPY pair, we are currently observing a robust uptrend, particularly evident in the broader timeframes such as the monthly and weekly charts. Despite a transient retracement observed on the daily chart, indicative of bearish sentiment, the market trajectory has resumed its upward course. Notably, a decisive breach in market structure on the 4-hour chart suggests a potential shift in the short-term trend to bullish. Our latest video elucidates this trend progression, delves into the nuances of price dynamics, market structure, and fundamental principles of technical analysis. Concluding the video, we present a strategic trade proposition. Please note, the content provided herein serves solely for educational purposes and should not be construed as investment advice.
Long
by fxtraderanthony
EURJPY BANK BULLISH SIDE ROBBERY PLANMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of EUR/JPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
LONG EUR/JPY from 166.87It may have escaped some traders notice that the JPY has been hammered in the last few months. So much so that GBP/JPY hit 200.49 earlier today, USD/JPY hit 160.00 and EUR/JPY hit 171.65. Some of these are historic highs, in fact USD/JPY is a 30 year high. I'm unaware of any intervention by the BOJ that would cause the 570 pip fall in USD/JPY (mirrored EUR and GBP) but all the signs are that JPY SELLERS are steaming back into this market and we may see a return to the recent highs. Getting LONG here looks a no brainer as we could see this pair go from WS1 at 166.00 all the way back to WR1 at 171.00 and maybe even higher. The major concern would be if the BOJ DOES intervene which would see the JPY rise sharply. So get LONG this pair with breakeven stops and with luck we could see a shed load of pips on offer.
Long
by forextraplaces
What is EURJPY's next move that is rising well?!Hello, guys. This is ESS team. We are cheering for your safe trading. So, Let's talk about "EURJPY". It is pleasure to RISING well. Of course, We prepare for the EURJPY's next movement. ::::::::::::::: Currently, It's RISING with middle line's support within the rising channel. If candle is resisted at the GREEN line, It could temporarily fall to the bottom line of the channel. If it breaks strongly through the GREEN line OR the top of the channel, and RETEST, The LONG position will be safe.
by honeyping
1
EURJPY - Bearish Crab Pattern Indicates Potential ReversalEURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias. Bearish Crab Harmonic Pattern (XABCD): The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely to reverse downwards from Point D. This pattern typically indicates a high probability of a trend reversal. 4-Hour Trendline: The price is currently at a 4-hour trendline, adding confluence to the potential bearish scenario. A breach below this trendline could signal further downside momentum. Entry, Stop Loss, and Take Profit Levels: Entry: 165.900 Stop Loss: 167.060 Take Profit Levels: TP-1: 164.720 TP-2: 163.600 TP-3: 162.450 Risk Management: It's essential to adhere to proper risk management practices when executing this trade. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to account size and risk tolerance. Conclusion: In conclusion, the technical analysis suggests a bearish outlook for EURJPY, with the formation of a Bearish Crab Harmonic Pattern and the price approaching a 4-hour trendline. Traders may consider selling at 165.900 with a stop loss at 167.060 and targeting take profit levels at 164.720, 163.600, and 162.450.
Short
by trading_jupiter
1
EURJPY: Asian foreign exchange increased thanks to the decline oYen falls as USDJPY heads in the direction of a hundred and fifty five However, the Japanese Yen did little to enhance in opposition to the weaker dollar, with USDJPY buying and selling close to a 34-12 months excessive and close to the a hundred and fifty five level. The yen weakened whilst a sequence of Japanese officers warned of presidency intervention to help the currency. Traders see USDJPY at a hundred and fifty five as in all likelihood to draw authorities intervention. Yen weakens beforehand of this Friday`s Bank of Japan Meeting, wherein the important financial institution is predicted to go away hobby prices unchanged after a anciental hike in March. However, the outlook for inflation and boom stays uncertain. The financial system could be carefully watched.
Long
by Chart_MasterPro
SHORT EUR/JPY 165.59Trading FX is a risk/reward exercise. And the greatest reward for the least risk is taking trades that relying on experience. I've traded Fx for over 20 years so I recognize chart patterns and price movements without really thinking about hem. If I was teaching how to trade FX I would be advising novice or inexpereinced tarderes NOT to take a trade like this but I'm shorting this pair for the following reasons. a). Risk/reward is massively in my favour. I can get a SHORT trade on with a 20 pip STOP. b). We are at WR1 Pivot area and this is a universally known area where SELLERS MAY enter the market. c). The last 4 15m candles have been doji indecision candles. d). RSI on multiple time frames is high (70 on H4 and high 60's H1, 30M, 15M). e). 15M Andean Oscillator sees the red SELL line lifting away from zero. Put these together and this "looks" a SHORT trade but there's always the chance EUR/JPY BULLS hace not finsihed with this pair. f). we have a nice candle tweezer pattern on H1 right at resistance. It should be noted that it's 24 years since this pair was at 165.60 so its highly likely that we are looking at a short term retracement but this could be back to the 200 EMA on M15 which would be 164.91 (+68 pips). If this trade does take off and there is strong selling momentum then 164.50 is posssible.
Short
by forextraplaces
2