eurjpymaking beautiful LH and LL. entered when it made bearish engulfer and waited for 2nd candle to close in red.
EURJPY trade ideas
EURJPY-BUY strategy 6 hourly chart GANNThe pair has decline sharply overnight and to return to same levels yesterday. It is very oversold, but suspect we may see a short term decline first before a move back towards 159.00.
Strategy BUY @ 156.80-157.00 when seen and take profit near 158.78.
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EURJPY: Time for Pullback 🇪🇺🇯🇵
EURJPY looks too oversold after the yesterday's bearish movement.
Testing a key daily horizontal support, we see a clear intraday
bullish reversal.
The price formed a cup & handle pattern on an hourly time frame
and successfully violated its neckline.
We can anticipate a pullback at least to 157.9
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EURJPY Analysis- Bullish - Trade 01 Seasonality
During the last week of November and the first week of December, the EUR shows bullish momentum, while the JPY exhibits bearish tendencies, making EURJPY overall bullish.
COT Report
According to the COT report, the EUR is close to the 0 level, suggesting a potential reversal. The JPY is at 50%, indicating a neutral stance. This combination points to a possible reversal in EURJPY.
Fundamental Analysis
For EURJPY, the LEI is rising, the endogenous factors are mixed, and the exogenous factors are also increasing. This favors the EUR, indicating a buying opportunity.
Technical Analysis
On the daily chart, EURJPY is at the 0.618 Fibonacci level and a weekly resistance zone. An entry will be considered on the 1-hour chart if it breaks the previous lower high, with the stop-loss set at the previous lower low.
Trade Plan
Entry: 160.169
SL: 159.000
TP: 161.337
EURJPY Is the Bullish Party Over or Just Taking a Breather?The pair is coming off a recent lower high, signaling a potential shift from the previous bullish trend. A minor pullback has formed near the 156.90 support zone, which aligns with prior structural levels.
RSI hovers near neutral (40-50), suggesting that momentum has cooled but not yet oversold. This indicates a wait-and-see phase before the next directional move.
The MACD histogram is firmly in bearish territory, confirming downward momentum. However, the histogram is narrowing, which could point to weakening bearish pressure.
A bounce off 156.90 coupled with bullish divergence on the RSI or MACD would indicate a potential reversal back toward resistance at 158.00 or higher. If price breaks below 156.90, expect a move toward 154.60, with bears likely targeting this zone.
EUR-JPY Support Ahead! Buy!
Hello,Traders!
EUR-JPY keeps falling down
And the pair is locally
Oversold so after it hits
A horizontal support
Level of 154.400
We will be expecting
A local bullish rebound
Buy!
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EURJPY Dec24 Fund Analysis - First Half Bullish - 2nd Half BeariEURJPY: LEI, ENDO and EXO SUMMARY
LEI DECREASING,
ENDO DECREASING,
EXOs INCREASING,
EXO+LEI INCREASING and
FINAL SCORE INCREASING.
1. EURJPY has weak ENDO but strong EXO, that is why Final Score is INCREASING.
2. EUR is stronger from perspective of EXO.
3. But JPY is stronger from ENDO perspective.
CONCLUSION: On Daily Timeframe, overall EURJPY might go BULLISH initially, but JPY ENDO might have a bearish impact to bring EURJPY SIDEWAYS or BEARISH. So the somewhat mix ENDO and EXO factors can keep the pair sideways for a week on Daily time frame.
NEWS EVENTS
Two major news events about INTEREST RATE for EUR and JPY on 12 Dec (EUR) and 19 Dec (JPY).
1. If the INTEREST DIFFERENCE between (EUINTR - JPINTR) would decrease (i.e. Either EUR rate decrease or JPY rate Increase) then EURJPY would become Bearish, matching the seasonal of second half.
2. Similarly if the difference between the Real Interest Rates would decrease, then EURJPY would become Bearish, matching the seasonal of second half.
EURJPY: SEASONAL ANALYSIS
a. BULLISH: From 02 - 13 DEC
b. BEARISH: From 19 - 27 DEC
COT REPORT
Latest COT data is not available for sure anlysis but the past data of 19 Nov signals a EURJPY Berish reveral, matching the seasonal and news event analysis.
QUATITATIVE ANALYSIS
2. On Monday, 2nd Dec, Bearish trend will follow. H1 and H4 trades my hit TP.
3. On Tuesday, 3rd Dec, we might see Bullish reversal. Daily Trade Plan need revisiting
4H ANALYSIS
TREND: Strong Bearish
DIVERGENCE: Bullish Div present but waiting to be played
HEIKIN-ASHI: Bearish moemntum confirmed.
FIB: Daily Level 78.6% is tested as resistance. But momentum is strong and it might break it.
S&R: Support at 157.2 and current price is 157.82. High probability that this resistance will be reached.
EMA: Price Below 200 EMA
ALLIGATOR: Mouth is open supporting strong bearish movement.
Scho-RSI: Again turning down
4H TRADE PLAY: STRONG BEARISH BIAS
Entry: 157.84, SL: 160.57,
TP1: 155.9, RR:1
1H ANALYSIS
TREND: Strong Bearish
DIVERGENCE: Bullish Div present but waiting to be played
HEIKIN-ASHI: Bearish moemntum confirmed.
FIB: Bullish retracement happened till 38.2% and then bearish movement happened
S&R: Resistance at 158.9 is respected
EMA: Price Below 200 EMA
ALLIGATOR: Mouth is open supporting strong bearish movement.
Scho-RSI: Again turning down
1H TRADE PLAY: STRONG BEARISH BIAS
Entry: 157.8, SL: 159.2,
TP1: 156.2, RR:1.14
EURJPY | 30M | TECHNICAL CHART |I have prepared a FX:EURJPY analysis for all of you. I have marked my target and stop-loss levels on the chart. Thanks to everyone who likes and supports my work. I work hard for you here and I will never give up on you.
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EURJPY-BUY strategy 6 hourly GANN SQThe pair is very oversold, and further, we are well protected downside now.
Stochastic is positive and RSI extremely low, and therefore we should see a solid correction soon.
Strategy BUY @ 158.00-158.40 area and take profit @ 159.78 for now.
EUR/JPY - 15 mins SELL
1. Current Price Context:
The price is trading below a major resistance zone (highlighted in red).
It has broken out of a consolidation or smaller rising wedge, indicating bearish momentum.
Support Zone: There is a green demand zone below the current price, which is a potential target area for the sell position.
2. Confirmation for the Sell:
Bearish Confirmation
RSI: Trending below 50, confirming bearish momentum without signs of bullish divergence.
MACD: Bearish crossover indicates downside continuation.
Stochastic: Overbought and turning downwards, reinforcing sell signals.
EUR/JPY Near Key Support: Bounce or Break Ahead?EURJPY is at a critical juncture, with 157.00 acting as a make-or-break zone. Monitor for a bounce or a decisive breakdown to gauge the next significant move. The pair has been in a clear downtrend, reflected by consistent lower highs and lower lows on the chart.
Price is currently trading near a potential support zone around 157.00, which aligns with previous bounce levels. The RSI is nearing oversold territory, indicating a possible short-term bounce. Enter long positions on confirmation of a bounce near 157.00, Short positions can be taken on a break below 157.00, targeting 156.00 and beyond.
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💭 1. Reflect on Last Week:
Review your trades: What went well? What could you have done better?
Look for patterns in your behavior—did emotions like fear or greed creep in?
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Use the quiet time to refine your trading plan.
Double-check your risk management rules and ensure you're staying disciplined.
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Read a trading book, watch educational videos, or revisit your journal.
Focus on mastering your psychology—trading is 80% mindset, 20% execution.
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Analyze key markets and identify potential setups.
Highlight major economic events that could impact your trades.
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Relax, spend time with loved ones, or meditate. A clear mind is your best trading tool.
Success in trading starts with the habits you build outside of market hours. What’s your Sunday routine? Share below!
EUR/JPY Eyes Key Lows Amid 1Y Pivot RetestHello,
FX:EURJPY pair recently faced rejection at the 160 level, as highlighted in the previous analysis. The price is now heading toward testing key lows from the past 3 months, 6 months, and 1 year, situated at 155.146, 154.405, and 153.146, respectively. It appears increasingly likely that the 1-year pivot point (PP) will be retested. Key support levels to monitor are 158.286 and 157.616. If these supports fail to hold, the pair may experience further downside momentum.
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EURJPYEURJPY
The potential sell scenario for the pair next week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
EURJPY I Potential retracement and more downside Welcome back! Let me know your thoughts in the comments!
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EURJPY-BUY Strategy 6 hourly chart The pair has been brought lower, and I feel it is running out of steam here. The stochastic is low and it is very oversold.
Strategy BUY @ 158.20-158.45 and take profit @ 159.40 for now.
EURJPY SWING LOWThe Uptrend was finished and formed higher lows and the trend is unable to break the red trendline. It's very bearish.
4hr time frame shows the candles close below support and resistance zone which is confirmed again it's bearish.
Trend is under 50 EMA for the last 2 weeks, also very bearish.
SL is placed behind the support and resistance zone @162.90
Entry is placed @161.823
TP is @155.30
EURJPY Wave Analysis 29 November 2024
- EURJPY broke support zone
- Likely to fall to support level 156.00
EURJPY currency pair recently broke the support zone located between the support level 160.00 and the 61.8% Fibonacci correction of the upward impulse from September.
The breakout of the support level 160.00 accelerated the C-wave of the active ABC correction (2) from the end of October.
Given the clear daily downtrend, EURJPY currency pair can be expected to fall to the next support level 156.00 (which reversed the price sharply in August and September).
EURJPY The EUR/JPY market remains resilient, showing no significant signs of retracement despite potential resistance levels. Traders are witnessing a steady upward momentum, with bullish sentiment continuing to dominate. Market participants are closely monitoring key economic indicators and price action, as the pair maintains its upward trajectory without pulling back. The lack of corrective movements highlights strong buyer interest, suggesting further potential for gains in the near term.
How to Trend Trade & Why I Avoid Trading Fridays & Mondays 👀👉 In this video, I take you through a detailed breakdown of my trend continuation strategy with the EURJPY. 🔍 We’ll explore key concepts like trend analysis, price action, and market structure, and I’ll share a simple yet highly effective method for identifying the best trade entry points. ✅ I’ll also explain why I choose to avoid trading on Mondays and Fridays and how this approach helps refine my trading discipline. ⚠️ Disclaimer: This video is for informational purposes only and is not financial advice. ⚠️
EURJPY → Support breakdown. Attempt to change the trendFX:EURJPY seeks to renew lows. The dollar rally is negatively affecting both JPY and EUR. The Eurozone has yet to face Trump's policies, while Japan is already going through a rough patch....
The currency pair is exiting the ascending channel, hinting at a trend change. The price breaks support and consolidates in the selling zone. Ahead is the key support at 161.2, the breakdown of this zone may provoke the bears to more active actions.
Technically and fundamentally, the currency pair is entering the downward rally phase, so the trend change is just the beginning....
Resistance levels: 162.04, 162.5, 163.2
Support levels: 161.16, 158.4
The focus is on the channel boundaries, resistance at 162.04 and support at 161.16. From these zones an aggressive fall may be possible, as buyers do not believe in a positive outcome at the moment
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;)
Regards R. Linda!
EUR/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 161.123 area.
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