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.
EURJPY trade ideas
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 🚀
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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! :)
EURJPY TRADE 250+ WIN In this video i share some insights into my thought process as to how i took the trade and the confluences i had my eyes on and how i managed the trade
EJ, bound for a massive upside reversal in the next few seasons!EJ has corrected with so much weight after going parabolic on Q2 of 2024 (June 2024) -- peaking at an ATH of 175.0. There after a massive correction was warranted that has lingered for months ahead.
Now based on recent long term metrics. EJ is now heavily showing some basing behavior from the current range at 157 zone. This is conveying already of a shifting structure on its price.
It has created a triple bottom formation that spans 2 years!
From this scenario alone you can sense the contextual direction it is about to undertake. Reverse to the UPSIDE.
Based on its historical price movements - it has undergone what I called a transitional shift to new ascending channel. You can check the chart above for reference. We are now at that period.
Expect some fresh series of price growth attempts from here on -- aiming to reclaim new high metrics.
Best seeding season is NOW.
Spotted at 157.0
TAYOR.
Trade safely.
EURJPY Wave Analysis – 6 February 2025
- EURJPY broke support zone
- Likely to fall to support level 156.00
EURJPY currency pair today broke support zone between the support level 158.00 (which reversed the price at the start of this month) and the support trendline of the daily down channel from December.
The breakout of this support zone strengthened the bearish pressure on this currency pair, which accelerated the active impulse wave iii.
EURJPY currency pair can be expected to fall to the next support level 156.00 (which has been reversing the price from August).
EURJPY at Key Support: Will Buyers Push Toward 159.570?OANDA:EURJPY has reached a significant support zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a demand area, suggesting the potential for a bullish rebound if buyers step in.
The current market structure indicates that if the price confirms a rejection from this support zone, we could see a move upward toward the 159.570 level, aligning with a logical retracement within the broader market context.
Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
EURJPY Approaching Key Support - Buying Opportunity Ahead?OANDA:EURJPY is approaching a key support zone, an area where the price has previously shown strong buying interest. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, a bullish engulfing candle, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 160.080 level.
However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments.
Best of luck , TrendDiva
Short trade
4Hr TF
Sellside
Pair EURJYP
Entry 4Hr TF
Thu 6th Feb 25
LND Session AM
8.50 am NY Time
Entry 157.776
Profit level 155.465 (1.46%)
Stop level 158.191 (0.26%)
RR 5.57
Reason: Just a quick view on the 4Hr TF sellside dominance seems to be in control with momentum to the downside. I assume the price will descend (1.46%) to the previous respected support zone 155.191...?
EURJPY: TP3 Hit +127 PipsUSD-JPY moved sideways ahead of President Trump and Japan’s Prime
Minister Ishiba’s meeting. The JPY has held on to its gains from yesterday, and
notably, it has been the best performing currency in the G-10 space this week. The
overnight comments by BoJ board member Naoki Tamura also helped, as he flagged
the need for more interest rate hikes (Bloomberg). Some market participants might
believe the recent fall in US yields – on the back of US Treasury Secretary Scott
Bessent’s comments on bringing down US 10-yr yields – could have driven the move
lower in USD-JPY. However, by our estimates using historical elasticities, the
narrower yield differential alone can explain about only half of the JPY’s c2.5% gain
since the BoJ meeting.
For USD-JPY, we think the market’s focus is on two other factors (beyond
yields): (i) US-Japan relations, and (ii) GPIF asset allocation. On the former,
Scott Bessent has already spoken to Japan’s finance minister and the BoJ governor.
President Trump and Prime Minister Ishiba are set to meet later tonight and markets
are on high alert for any potential discussion about USD-JPY (being too high). On the
latter, the GPIF’s next 5-year investment plan will start in April 2025 and markets are
speculating that the GPIF could start divesting from foreign assets to increase its
allocation in domestic bonds. It is worth mentioning that the GPIF has an AUM of
USD1.65tn. Given local investors are under-hedged the downward momentum in
USD-JPY could quickly take a life of its own.
EUR-JPY Support Ahead! Buy!
Hello,Traders!
EUR-JPY keeps falling
Down and the pair is
Locally oversold so
After the retest of the
Horizontal support of 156.162
A local bullish rebound
Is to be expected
Buy!
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Check out other forecasts below too!
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
EURJPY Will Grow! Long!
Here is our detailed technical review for EURJPY.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 158.366.
Considering the today's price action, probabilities will be high to see a movement to 161.846.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
EURJPY Trade Alert: Watch This Key Zone for a Potential Rebound!In my view, EURJPY is overextended. It has reached a key support zone on the higher timeframe. I'm watching for a retracement and a potential counter-trend trade back into resistance. In the video, we covered the trend, market structure, price action, and a possible trade setup. This is not financial advice.
