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Eurjpylong

EURJPY HIGHER CONTEXT ON A HIGHER TIMEFRAME, Base on The previous 08 supply. I expect Eurjpy can shoot upto 165, if the EUROZONE would continue to Push there rate hikes. But before that. Now I see a break of previous high, I will wait at retest below atleast 153.800-152.400 zone for best entry, IF you also a aggressive trader I put a line for your entry zone. This is only my view, I see the eurjpy slowly growing at this week. I wait for a retest atleast. This is not a financial advice. FOllow for more Thank you all for 400+ followers. If you like my idea, give a boost or comment it for impressions on other.. FOr swing trades we must watch this out..
Long
by D1GITALTRADES
4
Euro Ascendancy: Unveiling EURJPY's Resilience Post-TokyoEURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements typically associated with economic data announcements. Technical Analysis: The currency pair currently positions itself near a robust demand zone identified at the 163.720 level. This zone has demonstrated significant resilience in previous periods, creating opportunities for potential further strengthening. In the realm of technical analysis, the target for strengthening is set at the 167.660 level, reflecting the pivot point since August 2008. Supporting Factors: Euro Strength: Despite a minor correction, the Euro maintains its resilience. Fundamental factors, such as the conservative monetary policy of the ECB, provide robust support for the Euro, particularly after touching a strong demand zone. Japanese Inflation: Despite a modest increase in Japan's CPI by 0.1% since October 2023, this can be viewed as a relatively insignificant impact that merely resulted in a temporary correction, presenting opportunities for short-term strengthening. Historical Price Movement: Historical price movement analysis indicates that EURJPY has the potential to reach its highest level since August 2008. This is attributed to the high-interest-rate policy implemented by the ECB in recent times, acting as a catalyst for this strengthening. Notably, the Euro has shown a robust increase against the JPY since October 30, 2023, with a notable surge of 3.44% as of the time of writing. Risks and Considerations: It's imperative to remember that trading always involves risks, and market conditions can change rapidly. Risks associated with changes in ECB policies, Japanese economic data, or geopolitical factors should be vigilantly monitored. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Trading decisions should be based on in-depth analysis and an understanding of associated risks. Trading always carries risks, and past performance does not guarantee future results.
Long
by fardycurry
2
EURJPY BUY/LONGEURJPY is moving in an Ascending channel on the 4 Hour Time Frame and the market has rebounded from the higher low area of the channel. We expect the pair to re-test the key support levels listed on the chart, We are taking this trade based on technical analysis and candlestick patterns. These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Use proper risk management depending on your account size. TRADING RULES: Rule 1: Once the market reaches Target 1, close some of your trades/positions or Move your STOP LOSS price to ENTRY price (break-even) for safe trading. Rule 2: Once the market reaches Target 1, never place a new trade again on the same signal/alert. Rule 3: When the market is consolidating for more than 2 days, please close the trade and wait for the next good opportunity trade signal/Alert. Please like and share for more useful content:
Long
by Pro-Trading-Africa
1
EURJPY remains bullish as hammer loomsFX:EURJPY registers back-to-back days of losses, down 0.22% in late trading during Friday's North American session, set to remain above the 163.00 figure after reaching a three-day low of 162.15. Even though the EUR/JPY sees red, today’s price action forming a hammer suggests that buyers stepped in at around the Tenkan-Sen at 162.37. After that, the cross-pair climbed more than 80 pips, opening the door for further upside. If EUR/JPY climbs above the 164.00 figure, that could open the door to challenge the year-to-date (YTD) high of 164.31, ahead of the 165.00 mark. On the other hand, if sellers step in and pull prices below the 163.00 figure, a dive toward the day’s low of 162.15, is on the cards. Up next, the pair could drop to 162.00, followed by the Senkou Span A at 161.51, ahead of sliding toward the Kijun-Sen at 160.65.
Long
by tradingconmike
EURJPY → Correction in the offing?FX:EURJPY climbs further and flirts with the 164.00 mark on Wednesday, new yearly peaks. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 163.94 (November 15) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23). In the meantime, the daily RSI enters the overbought territory near 74, opening the door to a potential near-term corrective move. So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.46.
Long
by tradingconmike
EURJPY to continue in the upward move?EURJPY - 24h expiry We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. We prefer to consider the medium term trend and expect buying interest to support as prices move lower. Further upside is expected although we prefer to buy into dips close to the 162.90 level. We look to Buy at 162.90 (stop at 162.30) Our profit targets will be 164.40 and 164.80 Resistance: 165.20 / 166.65 / 167.40 Support: 163.10 / 162.00 / 161.25 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY → There is still room for further upsideFX:EURJPY manages to clear the 162.00 hurdle and print fresh 2023 tops at the beginning of the week. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 162.36 (November 9) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23). Bolstering the above, the daily RSI approaches the 68 level, still leaving some room for the continuation of the uptrend before entering the overbought territory. So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.23.
Long
by tradingconmike
EURJPY → Upside momentum has further legs to goFX:EURJPY resumes the upside and prints new yearly highs in the vicinity of the 162.00 yardstick on Friday. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 161.85 (November 10) is expected to face the next significant resistance level not before the 2008 peak of 169.96 (July 23) So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.13.
Long
by tradingconmike
EURJPY Direction for current and next weekEURJPY has been showing a bullish trend on the high time frame, although it has been range bound since August 30, 2023. The price action has recently touched down on a key demand zone ranging between 157.11 and 157.32. I plan to wait for a clear bullish break of structure (BOS) along with positive price action and momentum before entering a buy position. My target for this trade would be the 158 level or higher. While there's another demand zone below the current one, it seems reasonable to anticipate a bullish move. This expectation is based on the likelihood that the market will accumulate sufficient liquidity either at the current demand zone or the one below it before making an upward move.
Long
by BinSaeed83