EURJPY - ShortPrice is moving in bearish trend with no bullish divergence.
Entry is at retracement at LH.
EURJPY.100.MINI trade ideas
Long1.The Price has reached a major support level on the 2H timeframe.
2.The price moving sideways whithin the support zone.
3.The Jpy currency has reached the top line of a bullish pattern on the 15m timeframe, indicating a potential drop from this level.
EURJPY - Intraday forecast, Technical Analysis & Trading Ideas💡 H4: ShortTerm Forecast:
Price rejected from Downtrend and Sell Zone.
Sell Zone: 163.18 ~ 164.84
Forecast:
1- Correction wave toward the Sell Zone
2- Another Downward Impulse wave toward Lower TPs
SL: Above 164.84
💡 H1: Intraday Forecast:
The Uptrend is broken, and the price could start an impulse wave.
Sell Zone: 162.71 ~ 163.18
Forecast:
1- Correction wave toward the Sell Zone
2- Another Downward Impulse wave toward Lower TPs
SL: Above 163.18
Eur/Jpy Long swingOn longer timeframe I am looking for shorts on Eur/Jpy but in nearest time I expect some kind of pullback up to MA20 and possibly up to trendline seen on dailychart.
For entry look for confirmation in priceaction. It may take couple of days into next week to see what price wants to do. 154.500 is a good place to enter. If price falls straight through support than wait with pulling a trigger. In this case area under lows can be a good place for long entry. But it price struggles to move lower it's your sign to go long.
For target aim for MA20 around 158.500 on dailychart and if price looks to hold here expect more upside, up to current highs around 163.00
Stop-loss under major lows.
EURJPYmonday will bring bank lending ,current account and economy watchers sentiment and wednesday will bring japanese M2 Money Stock y/y 1.3% 1.3% and Prelim Machine Tool Order.
Japanese machine tool orders serve as a leading indicator of industrial production because they represent capital investments made by manufacturers in anticipation of future production needs. An increase in machine tool orders typically signals an expectation of increased demand for their products in the coming months or years.
Here's how machine tool orders correlate with Japan's industrial production:
Economic Growth: The performance of the Japanese manufacturing industry, as reflected by machine tool orders, has a direct correlation with economic growth. Increased demand for machine tools indicates a thriving manufacturing sector, which in turn leads to greater job creation, higher wages, and increased consumer spending.
Manufacturing Activity: Machine tool orders reflect the level of investment and production in the country's manufacturing sector. As one of the world’s largest manufacturing powerhouses, Japan’s economic performance relies heavily on the success and growth of this sector.
Leading Indicator: Machine tool orders are considered a leading indicator because they represent capital investments made by manufacturers in anticipation of future production needs. When companies order new machine tools, it typically signals an expectation of increased demand for their products in the coming months or years.
Broader Economic Trends: The performance of machine tool orders can often be an early indicator of economic trends and future growth prospects. Superior machine tools are a crucial factor in manufacturing a wide range of machinery, so machine tools are viewed as having a critical presence far greater than their share alone would indicate.
A decline in machine tool orders can indicate a slowdown in economic growth, potentially resulting in negative effects on currency exchange rates
Several economic data releases could influence the EUR/JPY pair. Here's a breakdown of potential catalysts:
Eurozone Sentix Investor Confidence: On February 10, 2025, the Eurozone Sentix Investor Confidence data was released and the ECB President Lagarde Speaks.
ECB and BOJ Monetary Policy: Monetary policy decisions from both the European Central Bank (ECB) and the Bank of Japan (BOJ) significantly impact the EUR/JPY1. Keep an eye on any statements or policy changes from these central banks especially as big boss lagarde will speaks on monday.
Eurozone Inflation Trends: Inflation trends in the Eurozone can sway the EUR/JPY forecast.
Japanese Economic Data: Releases such as the Eco Watchers Survey and Bank Lending data out of Japan can also have an impact, ppi y/y( Producer Price Index (PPI), will be on the card this week as it measures Change in the price of goods sold by corporations
Global Risk Sentiment: Overall global risk sentiment influences the EUR/JPY.
Potential Scenarios to Watch For:
Divergent Monetary Policies: Divergent monetary policies between the ECB and BOJ could create tricky situations for EUR/JPY.
Yen Strength: Keep an eye on yen strength, as it can cause major JPY pairs to fall, including EUR/JPY.
Technical Levels: Watch key levels such as the 160.00 handle; holding below this level could indicate a bearish outlook, with a potential drop to 155.431 ,146.867-152,743.
please watch monthly chart and wait on 4hr for POE
EURJPY bearish scenarioEURJPY has the potential for a bigger pullback if we see a further decline initiated in the latter part of last year. The pair is already down 1,500 pips from last year's high. We have the H&S formation and are awaiting a break of the neckline for further decline. A possible target is 150.00, while the 140.00 level is less likely. A return above 170.00 puts us back on the bullish side and changes the scenario.
EURJPY LongEuro Yen Analysis
The pair is on a strong support line and on a fibonacci level; its expected to bounce back and be in the triangle shape it formed.
What are your technical and fundamental analysis on this pair?
EURJPY: Buy To Sell OpportunityDaily Swing Trend = Bearish
Daily Internal Trend = Bearish
Narrative
WE are pro-trend. We should be looking for sells!
Any Pullbacks into the supply zones should offer us a chance to enter the market.
4HRS
Swing Structure = Bearish
Internal Structure = Bearish.
We tapped into a 4HRS demand zone.
We expect a pullback from this zone
EUR_JPY TECHNICAL ANALYSIS|LONG|
✅EUR_JPY is about to retest a key structure level of 155.206
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
✅Like and subscribe to never miss a new idea!✅
EUR-JPY Strong Support Ahead! Buy!
Hello,Traders!
EUR-JPY is collapsing
In a strong local downtrend
And the pair is locally oversold
So after the price hits the
Horizontal support of 155.170
A local bullish rebound
Is to be expected
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Eurjpy should I sell ?I checked the pivot point app after the dashboard app said sell but I think it’s going up? 155.898 support and pivot point at 157.724
One support broke with 3 resistance lev we last up.
EUR/JPY HS on DAILY Possible dump on EUR/JPY HS on Daily. Trapped under higher time frame sellers. Could be a good short set up. Not financial advise. Never trade my set ups they will lose money.
Trading Idea on EUR/JPYEUR/JPY depreciates as rising wages bolster the odds of the BoJ rate hikes again.
Japan’s Labor Cash Earnings jumped 4.8% YoY in December, rising from 3.9% in November.
The Euro remains under pressure as investors brace for a potential Trump's tariff targeting the Eurozone.
EURJPYNow is in bullish trend in 5min chart and eur is strong if is break the zone we take it for long
LR
EURJPY Rejects Triangle Support:First Impulse Wave to the UpsideEURJPY has respected the lower trendline of the triangle formation, showing strong rejection at support. The first impulsive wave to the upside suggests potential bullish momentum building up. If the structure holds, we could see a breakout and continuation higher. However, confirmation is key—watch for follow-through price action and volume before entering! Will bulls take control, or is this just a fake move? Stay alert! 📊📈🔥 #ForexTrading #ElliottWave #EURJPY #TrianglePattern #ForexAnalysis #PriceAction #Elliotwavesglobal
eurjpy analysis elliot. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Lingrid | EURJPY Long from the Potential DEMAND zoneThe price perfectly fulfilled my last idea . It hit the target. FX:EURJPY broke below the January and December lows, testing the psychological level at 157,000. It reached the demand zone around 156,000 - 157,000. Based on this, I expect the market to move higher, potentially reaching the January low. On the daily timeframe, it becomes apparent that the overall price is trading within a consolidation zone, with the current price having reached the bottom of it. Consequently, I anticipate a rebound from the bottom of the zone and downward trendline, indicating a potential upwards momentum. My goal is resistance zone around 159.700
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
EURJPY: TP1 Hit +47 Pips (AccuTrade)The dollar faces downside risks today as US payrolls should slow and annual benchmark revisions could be significant. That could more than offset some safe-haven flows on the back of souring China sentiment. In the eurozone, we’ll watch the ECB’s new estimate for the neutral rate. Central banks in CEE maintain a hawkish tone but rates diverge.
Long1.Pullback to Fibonacci 0.618 Level
If the market is in an uptrend, it may pull back to the 0.618 level before continuing higher
2.EUR Currency Double Bottom
This pattern usually signals a bullish reversal.
3.GBP/JPY Long Position
If the price is pulling back to the 0.618 level, this could be a good entry point.
EUR/JPY, Long, 2h✅ EUR/JPY is forming a clear falling wedge pattern, signaling a potential bullish breakout. The price is expected to move upward toward the next resistance level.
LONG 🚀
✅ Like and subscribe to never miss a new analysis! ✅
EUR/JPY BUY IDEA (R:R=9)Buying EUR/JPY now. A wonderful BAT formation just formed on DAILY chart. Already forming lower highs and lower lows on smaller timeframes. I have my stop loss 10 pips below previous low.
Stop Loss is: 156.650
1st Target: 159.554
2nd Target: 160.388
3rd Target: 161.254
4th Target: 164.060
Happy trading! :)
