EUR-JPY WILL TARGET 163-164 SOONTHE Price broke a daily resistance , will expect to re-touch the resistance area and then fly
Eurjpylong
EURJPY Remains BullishEURJPY continues to trade within a bullish channel, indicating ongoing upward momentum. The consistent adherence to this channel suggests a favorable environment for further upside potential. As the pair remains within this channel, investors are optimistic about its prospects for additional gains in the near term.
Buy EURJPY Channel BreakoutThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a recent upward breakout from a channel pattern.
Buy Entry: Consider entering a long position around the current price of 161.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 162.04 and 162.30. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 161.10. This helps limit potential losses if the price reverses and breaks back down.
Thank you
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move.
Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down.
Thank you
EuR / JPY Long Uptrend still in tact, looking for a 4h close and rejection from the blue line with a close and a sign of continuation on a shorter time frame, just need to volume to carry it back up to the 161.500 area or beyond.
EURJPY LONG - MORE JPY WEAKNESS!Waiting for a break and retest at 160.261 to long EURJPY back to 4H swing high at 161.738
If you agree drop a like and if you have any questions leave a comment :)
EURJPY Grab Liquidity and then Shoot UpPure technical analysis.
At market close on Friday 2 February, EURJPY reached the upper channel of the micro-Elliott Wave (ABCDE waves) which was the last part of the Elliott wave from the previous bullish movement (12345 waves). Wave 12345 also indicates a break of structure heading upwards.
We predict that EURJPY will complete leg E of the micro-Elliott Wave and will react at the price level of 157.000 which is also coincides with the 0.786 Fibonacci zone, where there is equal low liquidity to take and also a flip zone in a smaller time frame.
For entry, wait for the price to retrace at level 157.000 - 157.800. If there is a change of character in this zone, take a buy position and set take profit at the level of 163.000 - 163.610, or the previous resistance.
Cancel the setup if the price immediately shoots up to the 161.500 zone or breaks the 155.100 level.
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,
EUR/JPY Made Inverted H&S Pattern , Buyers Control Now ? This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
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 BUY IDEAFX:EURJPY
The weekly, daily are overall bullish; On the 1h price managed to break its bearish structure at the daily low pushing up and breaking above the 1h key support/resistance level and price making a retest as support the 1h key support/resistance area/zone. Entry is based on the 1h bullish engulfing candlestick at the 1h key support/resistance area/zone
bullish shark harmonic pattern trade Live trade idea #EURJPYAnother round at this looking at the YEN INDEX to gain opportunities on FX
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 Long Opportunity - January 2024This was a decent setup - inline with the strategy, however, could not place the trade due to migration issue with TFF. Price created a R which turned into S - had HHs and HLs - entered on the bullish pinbar candle.
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 !
#1 EURJPY Weekly Analysis 28.01.2024+
1.) weekly momentum candle and then strong candle with rejection
2.) daily orderflow bullish
3.) hit daily fib. level (0.618) / daily level and fvg
4.) 4h divergence on daily orderflow
small pullback then long
EUR / JPY LONG The over all trend is bullish and the last Daily candle closed bullish, so ideally i would be looking for break of structure and a 4h close above the blue zone with a retest and higher high close on the smaller time frame to look for buys.
Alternatively I would be looking for the pull back and rejection from the bottom of structure and or the trendline with a 4h close and a higher high close on a smaller time frame.
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.
EUR /JPY LONGThis pair has broken back into structure after bouncing from a key level, with a large wick on the 4h close, so am no hoping for a bullish engulfing candle on the 1h on at the london open to look for the long back up to top of structure and possibly beyond
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 - Long after filling the imbalance ✅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 institutional big figure 159.000
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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
