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.
Eurjpysignal
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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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 SELL I Potential Downside from Resistance|AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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DeGRAM | EURJPY shorting opportunity at fibo clusterEURJPY moved higher to the resistance level in the ascending channel.
There's a nice kill zone to short at the resistance level, a fibo cluster, and a bearish harmonic pattern.
We expect a bearish move since it reched the psychological levle at 161.000 and completed the AB=CD pattern.
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EurJpy to rise 500 pipsAfter reaching a recent low in the 153 zone at the beginning of the year, EurJpy began to ascend. By mid-January, it successfully surpassed the 158 resistance and surged upward, reaching a peak at 162.
A normal correction ensued, confirming the establishment of a new support level at 158. Yesterday, the pair made a higher low, and the current price is breaking above short-term resistance.
I anticipate a continuation of the upward trend, with EurJpy potentially reaching 165 in the medium term.
The viability of this bullish scenario is contingent upon the pair avoiding a break below 158.
EURJPY : Short Trade , 4hHello traders, we want to check the EURJPY chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 158,400. Good luck.
DeGRAM | EURJPY opportunity to short at resistanceEURJPY is approaching the upper border of the descending channel.
The market bounced off the resistance level by making a pullback.
Price action is printing lower lows and lower close, indicating a bearish trend.
The trend is bearish , so the price is likely to test the support level .
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EURJPY Day Analysis | Sell SetupHello Traders, here is the full analysis.
Tests resistance and the trend is down, Levels for SELL . GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
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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 Trading Idea @patsedgeWhen examining the EUR/JPY chart, a clear support level at the price of 159.615 can be identified, which formed around January 15th. More recently, a support level was established around 160.786. However, this level has been breached and now serves as a resistance level for future price movements. The last interaction in this price range, observed in the 15-minute timeframe, ended with a narrow range, followed by a significant price drop. In the coming days, I anticipate a trend in the aforementioned price range, particularly at the point where the highest trading volume occurred. In my opinion, there's a high likelihood that the price will drop at this juncture.
#EURJPY
#EURJPY #UPDATE WAVE BIn the daily time and H4, an ascending channel is completing wave B. This corrective wave can be completed in two areas. The first PRZ range or the second red box range, which is 1.618 Fibo and the resistance range and daily supply. After the end of this wave, we should wait for a sharp correction wave C. After completing this wave (b), we will check the range of wave C.
EUR/ JPY !! 25/1/2024 Trendline , touch EMA SELL NOW⭐️ Smart investment, Strong finance
⭐️ Personal comments NOVA:
The price is in a very nice downward trendline, along with touching the EMA, setting up a SELL signal
⭐️ SET UP EUR/ JPY PRICE:
🔥SELL zone: 160.800 - 160.950 SL 161.300
TP1: 160.510
TP2: 160.210
TP3: 159.820
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
DeGRAM | EURJPY break above / close aboveEURJPY is making higher highs and higher closes on the 4 hourly chart, indicating a bullish trend.
Price rebounded from the reaction zone.
The market broke and closed above the reaction zone, which is the support level.
We expect a breakout of the level, a pullback to it, and then a continuation of the trend since the major trend is bullish.
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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 - 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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DeGRAM | EURJPY completion AB=CD patternEURJPY is making higher highs and higher closes, indicating a bullish trend.
Price broke and closed above the resistance level that became support.
The market is creating an AB=CD pattern.
We expect a breakout of the level, a pullback to it, and then a continuation of the trend.
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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
EURJPY : Long Trade , 4hHello traders, we want to check the EURJPY chart. The price is in an ascending channel and after breaking the specified resistance area, it has pulled back to this level again. We expect this level to maintain the upward trend of the price and the price will grow up to around 161.300. Good luck.