EURJPY Will Go Higher From Support! Buy!
Take a look at our analysis for EURJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 156.763.
Taking into consideration the structure & trend analysis, I believe that the market will reach 158.582 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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EURJPY trade ideas
Potential bullish rebound?EUR/JPY is reacting off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement.
Pivot: `155.94
1st Support: 153.99
1st Resistance: 158.57
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EUR/JPY At Very Interesting Area To Buy And Get 250 Pips !Here is my idea on EUR/JPY , We have a very good daily closure above my support and also 4h closure great and we have a very good rejection so i think the price will go ip a little at least 200 pips to make a little correction to upside , so let`s buy it and see what will happe in the next few days .
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/JPY: Strong Reversal Zone in PlayWelcome back! Let me know your thoughts in the comments!
** EURJPY Analysis !
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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Long EURJPYThe price has touched the important support line and bounced back to North.
There are some divergency patterns generated on MACD and Slow Stoch in 4 hours time frame.
Both are in over sell levels and try to crossed to North.
It coule be a start point of a cypher pattern CD leg to North.
Try to open long order and the stop under support line.
EURJPY: Bullish Continuation & Long Signal
EURJPY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURJPY
Entry Point - 156.16
Stop Loss - 155.09
Take Profit - 158.48
Our Risk - 1%
Start protection of your profits from lower levels
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EURJPY forming a bottom?EURJPY - 24h expiry
Posted a Bullish Hammer Bottom on the 4 hour chart.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Further upside is expected although we prefer to buy into dips close to the 156.97 level.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 156.75 (stop at 155.72)
Our profit targets will be 159.47 and 160.55
Resistance: 159.10 / 160.55 / 162.00
Support: 154.40 / 151.10 / 149.30
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EURJPY Wave Analysis – 24 February 2025
- EURJPY reversed from support zone
- Likely to rise to resistance level 158.00
EURJPY currency pair recently reversed up from the support zone between the multi-month support level 156.00 (which has been reversing the pair rom last August) and the lower daily Bollinger Band.
The upward reversal from this support zone is likely to form the daily Japanese candlesticks reversal pattern Piercing Line – if the pair closes today near the current levels.
Given the strength of the support level 156.00 and the bullish euro sentiment seen today, EURJPY currency pair can be expected to rise to the next resistance level 158.00.
euro yen is falling of price 165.00 since dec 24the price 166.00 to 155.00 can be identified as a wide range
which can be a triger for a SHORT SQUEEZE
as it right now in the depth of it's range
as the days will come will it make a lower low to 155.00?
and if so - a bull flag will confirm the whole scenario
EUR/JPY "The Yuppy" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : "The heist is on! Wait for the breakout (160.000) then make your move - Bullish profits await!"
however I advise placing Buy Stop Orders above the breakout MA or Place Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑:
Thief SL placed at the recent / swing low or high level Using the 3H timeframe (158.000) swing trade basis.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯:
1st Target - 162.200 (or) Escape Before the Target
Final Target - 165.400 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT, Sentimental Outlook:
EUR/JPY "The Yuppy" Forex Market is currently experiencing a bullish trend,., driven by several key factors.
🟡Fundamental Analysis
The EUR/JPY exchange rate is influenced by the Eurozone's economic growth, inflation, and interest rates, as well as Japan's economic performance. Currently, the Eurozone's economy is experiencing moderate growth, with a slight increase in inflation.
⚫Macroeconomic Analysis
The European Central Bank has maintained a hawkish stance, with interest rates expected to remain high in the short term. On the other hand, the Bank of Japan has kept interest rates at historic lows, supporting the economy.
🔴COT Data Analysis
The Commitments of Traders (COT) report shows that commercial traders are net short, while non-commercial traders are net long. This indicates a potential trend reversal
🟠Market Sentimental Analysis
Market sentiment is slightly bullish, with 55% of traders holding long positions. Institutional traders are holding long positions, while hedge funds are holding short positions. Retail traders are also holding long positions.
🟤Market Sentiment by Trader Type
- Institutional Traders: 60% bullish, 40% bearish
- Hedge Funds: 55% bearish, 45% bullish
- Retail Traders: 55% bullish, 45% bearish
🟢Positioning Data Analysis
Institutional traders are holding long positions, while corporate traders are holding short positions. Banks are maintaining a bearish stance.
🟣Overall Outlook
The EUR/JPY exchange rate is expected to remain volatile in the short term, with a slight bullish bias due to the Eurozone's economic growth and inflation. However, the pair's movement will largely depend on the overall performance of the Eurozone and Japanese economies, as well as global economic trends.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
📌Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
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EURJPY buy signal. 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
EUR/JPY Bulls Seeking Signal as Price Clings to SupportEUR/JPY is teetering above known support, but with momentum favouring the bears, there’s no need to rush into longs.
If the pair continues find buyers on dips below 156.21, a long trade could be considered above the level with a stop beneath for protection. 158 looms as an initial target, with 159 and 161 other levels to watch.
The preference is to wait for a bottoming signal before entering, similar to the morning star patterns seen in December and early February. RSI (14) and MACD remain firmly bearish, reinforcing the need for patience given the setup is counter to momentum.
A convincing break below 156.21 would invalidate the setup, opening the door for shorts targeting a retest of 154.41.
Good luck!
DS
EURJPY 2H SHORTEURJPY 2H
Fundamentals:
•Eurozone 10Y Bonds broke a key ascending trendline to the downside and have now retested it before continuing lower. This suggests that the EUR is overvalued and that investors are losing confidence in the Eurozone.
•Conversely, Japanese 10Y Bonds have been in a strong uptrend for a while now.
•The Non-Weighted Currency Index also shows that the Yen is strong, as it recently broke a descending trendline, retested it, and then surged higher.
•Meanwhile, the Non-Weighted Currency Index of the Euro shows the opposite pattern. A bearish flag is forming on the daily timeframe, which could indicate a potential decline.
•Lastly, we have the monetary policy divergence between the ECB and the BoJ. The BoJ is
expected to hold rates, while the ECB is expected to cut.
•The only concern is risk sentiment, which could weigh negatively on the Yen.
Technical Analysis
•On the daily timeframe, there is a strong uptrend, but a bearish triangle has formed.
•On the 8H timeframe, we can see a 61% Fibonacci rejection, forming a clear double top, signaling strong selling pressure, followed by a break of a key support level.
•On the H4 timeframe, another double top confirms the sellers’ strength, further validated by the break of the 50-SMA, which had previously acted as a dynamic support.
•I am expecting a rejection at 50% Fibonacci at 156.180, which will be my entry price.
•Stop-loss at 159.400, slightly above the previous support-turned-resistance.
•Target: 149.000, a psychological level and a round number.
•Retail traders are mostly long (80%), confirming that a short position would be a valid opportunity.
EUR/JPY: Bullish Reversal in Progress?EUR/JPY has been in a downtrend, but recent price action suggests a potential reversal is forming.
Key support at 155.821-156.042 has held strong, with multiple rejection wicks (highlighted in red ovals), indicating buying pressure at these levels.
The double bottom pattern (bullish reversal structure) is evident, further strengthening the case for an upside move.
The Fibonacci retracement levels align with key resistance zones, with 161.8% (160.987) and 164.774 as major upside targets.
📈 Bullish Confirmation & Upside Potential:
✅ Price is bouncing from a strong support zone 🚀
✅ Breakout above the descending trendline could trigger further buying momentum
✅ Moving Average (50-day) is acting as dynamic resistance; a break above it can fuel the rally
🎯 Key Targets:
🔹 First target: 158.000 (Psychological Level)
🔹 Second target: 160.987 (Fibonacci 0.618 level)
🔹 Final target: 164.774 (Major Resistance Zone)
🔻 Risk Management:
❌ Stop-loss below 155.821 to protect against further downside