EURJPY Resistance Ahead!EUR-JPY keeps growing
And will soon hit a horizontal
Resistance level of 163.846
From where I think we will
See a local bearish correction !
Eurjpyforecast
EURJPY: Possible Swing Selling Opportunity!Dear traders,
EURJPY recently has been overbought, and price is currently at the crucial level. There are two possible swing entries which can be utilised properly. JPY plummet to lowest, making it one of the worst performing currency on currencies index. Take sell entry with accurate risk management, no more than 80 pips in stop loss. If first entry fails, take second entry. We are now focusing on both of these area for swing selling. 400 to 800 pips in take profit.
Good Luck.
SHORT EUR/JPY at market 162.11Just like EUR/USD we can see an M-Top candle pattern has formed just below key resistance of WR1 on EUR/JPY.
The neckline at 162.11 has been broken so I'm in SHOT on this pair.
The pair fell just short of reaching key WR1 Pivot which is a concern so my STOP on this trade is above this level just in case we see some late buying in an attempt to hit WR1.
The double top at 162.36 area was last reached some tine ago, in November and a look at the H4 RSI shows us that we've just left an area of overbought so there are signs that this move south has the potential to be deep.
Price has cleared the 25 EMA on H1 and is curerntly sitting on the 50 EMA.
The key 100 and 200 EMA levels lie below the price so if this is to be a deep retrace then the BEARS have their work cut out.
Initially my target for this trade is the 200 EMA which lies on top of WPP Pivot which it frequently does.
We'd have to see how much BEARISH momentum is in the market to see whether this key level at 161.43 is likely to break.
If it does then we could be headed to 159.00 but that wouldn't be for some considerabe time.
We also have FOMC minutes at 19:00 GNT which will be a market mover.
EURJPY M15 / POTENTIAL MARKET CORRECTION 💲Hello Traders!
This is my idea related to EURJPY M15. I expect a sell-off on the EURJPY, and a market correction on the JPY basket, that's why my bias will be for short entries.
In the first phase, I expect the old highs to be taken before going bearish, it confirms, I will look for short entries.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURJPY I Strong possibility it will keep growing Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EUR/JPY carving out an M Top pattern - SHORT from 160.76EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance.
The neckline comes in at 160.74 which will be our entry.
We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger then the 200 EMA may halt and BEARISH progress.
The trade will have to trigger within the next 15 H1 bars or the setup is nullified.
EURJPY Will Fall! EUR-JPY is already making
A bearish pullback from
The horizontal resistance
Of 161.404 and I think
That we might see
A further move down !
EUR JPY TRADE SET UP EUR JPY Symmetrical Triangle break out.
Waiting for the retest of the recent high that was formed for a buy entry,
Eurjpy clear uptrend move about comeHello guys,
i am looking forward for a uptrend move in Eurjpy towards 160.30 or above, as per smart money concept we are in deep discount and taken out the sell side liquidity and looking forwards to target the buyside liquidity at 160.30 level on a 2hour time frame . which is deep clean and clear level for sellers and as a SMC trader we love to hunt stops. :)
EURJPY I Long opportunity from support zoneWelcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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EURJPY Bullish Breakout!EUR-JPY is trading in an
Uptrend and the pair broke
Out of falling channel pattern
which reinforces our
Bullish bias and makes me
Expect a further move up
After the local correction !
EURJPY Tradingidea 🚀 according to my edge 👉 @patsedgeSimilar to the trading idea I recently posted, I also observe a potential price pullback or a strong buying zone here, due to the high volume and the newly formed support. I plan to implement my strategy to trade this pullback.
EURJPY Short setupEURJPY looks heavy. It has broken down the main trendline, and i can see bearish divergence on H4 and H1 timeframe. Actually is stuck in a small range, and it looks like it's accumulating to perform an explosive move. 159.000 is a daily support, so i expect the price there as a target for a short
EURJPY: Yen strengthens ahead of Bank of Japan meeting; The markCurrency stability is a hot topic in financial markets today as investors prepare for meetings of major central banks in Japan and Europe. The Japanese yen registered a notable gain, trading at 147.74 yen against the dollar, as markets awaited the Bank of Japan's upcoming monetary policy meeting. The bank is expected to maintain negative interest rates, a stance that has gained further support following Japan's recent earthquake.
The dollar index of the US dollar against a basket of major currencies was little changed at 103.24. Meanwhile, the euro fell slightly to trade at $1.0888, while the pound rose slightly to $1.27095. Investors are also adjusting their expectations for the U.S. Federal Reserve's next interest rate move. The interest rate cut was originally expected to occur in early March, but the forecast was pushed back to May due to strong U.S. economic indicators. This suggests that the Fed may take a more cautious approach to monetary policy changes, despite previous expectations for rate cuts.
All eyes are also on the European Central Bank (ECB), which will discuss its own monetary policy on Thursday. Given the impact on global supply chains, particularly those that affect trade routes through the Red Sea, the ECB may have to balance the need to support economic growth with the pressures of external trade challenges. The turmoil has led to a reassessment of the timing of potential interest rate cuts by the ECB as it considers the impact of these issues on the broader economic situation.
EURJPY SHORT
The analysis of the pair suggests that the upward correction is close to completion and this week we can expect the continuation of the downward movement. All this means that it is time to cover longs and take short positions.
Recommendations.
1. Levels for short entry: 161.50; 163.40.
2. Target: 156.00
3. Pay attention to the size of swaps on short positions of your broker. On this pair, the swap can be strongly negative. In our case, the swap is 0.5 p., which is acceptable.
4. Now you need to be very careful with long positions and be sure to insure yourself with a stop order.
5. Take a closer look at the situation, as it is a shame to miss such an opportunity.
EURJPY: Latest information on market trends in the Asian session
There wasn't much news of note on the day, except for some news regarding the energy market.
Qatar has reportedly suspended LNG transport through the Bab el-Mandeb Strait (Suez Canal). Houthis fire cruise missile at US Navy ship
Oil prices have risen, but not by a large amount
Political news:
William Lai was elected president of Taiwan in Saturday's election, despite the Democratic Progressive Party (DPP) losing a majority of seats in parliament. Senate Democratic Leader Schumer said Congressional leadership approved the temporary funding measure.
Forex market:
The People's Bank of China this month kept its medium-term financing (MLF) interest rate unchanged at 2.5%, despite widespread (but conflicting) expectations that it would cut it by 10 basis points. . This comes despite China's continued deflation and reflects the People's Bank of China's concerns that a weaker yuan could lead to capital outflows. The dollar/yen exchange rate rose during the session, weighing on the yen as the two-year Japanese government bond yield fell below zero. The US dollar has weakened against the euro, pound and Canadian dollar. The Australian dollar and New Zealand dollar underperformed. Offshore yuan gains during session
EURJPY 11/01Pair : EURJPY ( Euro / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame with the Rejection from the Upper Trend Line. Completed " 1234 " Impulsive Wave and Completed the Break of Structure and Retracement with Strong Divergence
EURJPY I Potential Pivot to Downside from Resistance Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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EURJPY - Long opportunity ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: We can see here that price changed the character and started to form higher lows and higher highs, so I look for a long position. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
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EURJPY H2 / LOOKING FOR A SHORT TRADE OPPORTUNITY 📉Hello Traders!
This is my idea related to EURJPY H2. I see a retracement from the resistance level of the channel and also a small retracement (15M - 30M), to close the imbalance and to react from OB. Now I see a good opportunity to execute a short trade until the price of 155.800.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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EURJPY TECHNICAL ANALYSISHere I forecast EURJPY and found it very interesting, my area of interest is 158.500 level , And I want to see how the price is going to react to that level , whether 154.00 zone was indicating a double bottom and as a reversal . Let Price indicate that for ours guys.
EURJPY Looking BearishEURJPY recently displayed a break in both the trend line and the support zone, followed by a subsequent pullback to the established zone. Despite encountering some market fluctuations, current indications suggest a potential downturn towards the specified level. Your thoughts and comments on this analysis carry significant value and are greatly appreciated. If you have any insights to share regarding the anticipated future movements of EURJPY, please feel free to contribute. Your input plays a crucial role in enhancing the overall understanding of the market dynamics for this currency pair.
EURJPY: MUFG CEO: BoJ may eliminate negative interest rate policMitsubishi UFJ Financial Group (MUFG) President Hiroki Kamezawa stated in an interview with Japanese media outlet Asahi Shimbun:
The BoJ is gradually achieving its price target and wage hike
"This is only a matter of time."
The negative interest rate policy could be eliminated as early as 2024 due to positive developments in wages and prices. This policy has put pressure on the businesses of financial institutions because it reduces the profit margins they can earn on lending.
MUFG is Japan's largest financial group and the world's second largest bank holding company.
