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Eurjpysignal

EURJPY 30m Analysis. Day trade signal!Hello everyone. I want share my idea about EURJPY pair. Couple weeks ago we this pair was in 2008 strong weekly sell zone after strong price up movement. from here we got 2 rejection at high timeframe, when it touch second time it made some liquidity and came strong down. i am not saying EURJPY will change trend but i think we will have some price correction here which is good for day traders for catch some movement. Second reason i think this pair is short JPY index after big rally downside it stopped and i think it time for start correction. Here is my signal setup. Open position - 158.240 Stop loss - 158.600 Take profit - 157.000 At my profile you can see my another signals and ideas. Good luck everyone! Manage your risk!
Short
by elmakacho
EUR/JPY Long A Break above creates more Buy PressureEUR/JPY is looking overbought on higher timeframe charts as it tests once again a tough barrier at the 2014 high of 149.75. Looking at the Directional Movement Index (DMI), the rebound from mid-May appears to be a consolidation, rather than the start of a new leg higher. The Plus DMI and Minus DMI are under 25, suggesting non-trending/range conditions. However, unless the cross breaks below 145.50-146.50 (including the 200-period moving average on the 240-minute charts) the bullish pressure is unlikely to fade away. Major Trend is Bullish
Long
by DaveBrascoFX
EURJPY: Today!Last week, the EUR/JPY pair surpassed the level of 159.47 and reached 159.75 before experiencing a reversal. As of now, the downside movement has been limited above 156.85, resulting in a neutral bias for this week initially. If the price breaks below 156.85, it will shift the bias to the downside towards the 55-day Exponential Moving Average (currently at 156.17) and potentially lower levels. Conversely, if there is a break above 159.75, it will indicate a continuation of the larger uptrend instead.
Long
by Sphyn-Trader
4
EURJPY I Potential retrace and decline to downsideWelcome 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. Thanks for your continued support!
Short
by BKTradingAcademy
11
EUR/JPY on the Hourly Chart: Support and Resistance ZonesSupport Levels: Support 1 @ 156.866: The level at 156.866 serves as an immediate support zone on the hourly chart of EUR/JPY. Support levels are where the price typically finds buying interest and may reverse its downward movement. Traders should keep a close eye on this level, as a breach below it could signal increased bearish pressure. Support 2 @ 156.023: Support 2, situated at 156.023, represents another critical support level. This level has historically acted as a significant point of price reversal. If Support 2 is breached, it may suggest the potential for a more substantial downward move. Resistance Level: Resistance @ 159.767: The resistance level at 159.767 stands out as a key level of resistance on the hourly EUR/JPY chart. Resistance levels are where the price often encounters selling pressure and may reverse its upward momentum. Traders should closely monitor this level, as a decisive move above it could indicate a bullish sentiment in the short term. Conclusion: Analyzing support and resistance levels is a fundamental aspect of forex trading. These levels provide valuable insights into potential price reversals and trend continuations. Traders in the EUR/JPY market should carefully consider the identified support and resistance zones outlined in this blog post. It's important to remember that the forex market is influenced by various factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions. Risk management is equally vital when trading forex. Traders should employ risk management techniques such as stop-loss orders and proper position sizing to protect their capital. Developing and adhering to a well-defined trading strategy is also key to achieving consistent success in the forex market.
by enclavefx_Analaysis
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
Will EurJpy finally reach 160?Since the beginning of July, EurJpy has been pretty volatile with hundreds of pips fluctuations and at the end of the month, the pair even dropped 700 pips in only a week. However, the pair recovered and the trend remains extremely bullish. Mid-August is marked by a new local high and after a top around 159, a normal correction followed. This correction comes to confirm the recent break and now we can consider this old resistance support. As long as the pair stays above this support bulls hold the upper hand and the trend remains strong with a test of 160 very probable. In conclusion, buying dips near support could be a good idea and if we keep stop loss tight we could also have a very good risk: reward for such a trade.
Long
by Mihai_Iacob
6