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EURJPY trade ideas

EUR/JPY - Preparation for the Interest Rate Hike on Friday - BOJHi guys , we would be looking in a shorter term trade on the GBP/JPY looking to chase at least 100 pips in a down turn , we have a positive expectation that the Bank of Japan would hike the interest rate on Friday from 0.25 to 0.50. I do agree that 25 basis points isnt a lot , but in a status that it took BOJ two years of sitting on negative interest rate to finally start balancing their sheets and looking to increase it, would give a positive approach into a better stability for the Japanese economy and more specifically the Japanese Yen! Entry: 161.300 Target: 160.300 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Short
by DG55Capital
EURJPY → The fall may continue after the correctionFX:EURJPY is under pressure. The currency pair is breaking the local uptrend. Technical and fundamental background is weak, which in general can put pressure on the market. Globally, the currency pair has no trend and is trading within the range of 166 - 156. The last growth attempt was unsuccessful, the price could not approach the intermediate maximum and facing a strong bear the price turned around and fixing below the SMA headed to the lower boundary of the flat. Locally, the change of character to bearish is confirmed, but before further fall the price may form a correction, for example, to 0.5 Fibo (imbalance zone), or to local zones of interest, but in the medium term the fall may continue. Resistance levels: 162.3, 163.1 Support levels: 160.9, 159.8 A false breakdown of local support is formed, which may lead to correction, but since we have confirmation that the market is bearish, after the correction the fall may continue. Regards R. Linda!
Short
by RLinda
1
EURJPY-bias short pair has made double top formation from the resistance and trend line support is broken, MA 200 and 21 confluences to short position. It also forming head and shoulder in weekly time frame where the right shoulder can be formed in this week towards the price 156.42. Shooting star candle from the resistance at 164.91 MA 21 is crossing over 200 in 2 hr time frame. price has respcted fib level 0.5 from the retracement fall. Trade plan bias short @ 162.27 SL:163.8400 TP1 : 160.570 TP2:159.141
Short
by gouthamkulal1
EUR/JPY Long/Short Scenarios and Chart AnalysisChart Feedback(Daily Chart) 1. Price has been oscillating within September Low and late Oct. High for some time now. 2. Current price level at minor support level 3. EMA's 21,100 have been crossed from above suggesting price might continue to fall 4. A triangle between Main and the Sub trend is closing making the price moves tighter 5. Head and Shoulders is forming Important Levels to watch: 164.525 Last week high which is also last resistance zone 161.250 Last Low Trend Scenarios S1 Long. Rejection from current area, the move up will be difficult as there are couple of resistance levels very close to each other. S2 Short. Bearish momentum continues and good space to move, I would expect support at 159.878 and 157.843 so entering in rallies wouldn't be a bad idea. Trade Ideas(4 Hour Chart) S1 Long. To trigger a long trade I want to see a break and retest at the current level 162.000, EMA's cross, Current Trend line cross, and bullish candle sticks. Target 1 164.528, Target 2 166.000 S2 Short For short positions I will only look for break and re-test of the current level as the rest of the signals (For Me) are all set up for sell. Target 1 160.000 Target 2 158.850 I hope there was anything useful for any of you! Trade mindfully
by Don_Bob
3
EURJPY 100-300 pips potential sell signal Our previous trade on this pair was 100+ pips successfully We plan to sell around 160.60, as we see signs of a double top on the 4-hour chart and a continuing downtrend. Although a small bounce or correction may occur, we expect gains to be limited due to Ichimoku cloud resistance. If the price breaks below 159.57, which is our initial target, we see further downside toward 156.80, offering a potential move of about 400 pips. Fundamentally, the possibility of a Bank of Japan rate hike supports the idea of Japanese Yen strength, adding more weight to a downward move in EUR/JPY. Key Support Levels: 159.57 156.80
Short
by Eleazarahmath
EUR/JPY bullish This trading idea focuses on the EUR/JPY currency pair on a 45-minute timeframe. The chart highlights several key elements: Support Level: Identified at approximately 159.887, marked by a purple horizontal line. This level has shown historical significance, providing a potential area for price bounce. Ascending Trendline: Starting from the low in mid-December, delineated by a blue line. This trendline indicates a bullish trend, suggesting potential upward momentum. Buy Zone: A green rectangle marks this zone, with the top at 162.014 and the bottom aligning with the support level. This area is identified as a potential entry point for long positions. Stop-Loss Zone: Highlighted by a red rectangle below the support level, extending down to 159.149. This zone is suggested for stop-loss placement to mitigate potential losses. The idea is to capitalize on the expected bounce off the support level, targeting a price around 162.014 while managing risk with a stop-loss below 159.887.
Long
by hesham07
EURJPY Will Collapse! SELL! My dear friends, Please, find my technical outlook for EURJPY below: The instrument tests an important psychological level 162.62 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 161.30 Recommended Stop Loss - 163.32 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
EURJPY LongHi Everyone, Hope you're ok. Here is our signal for EURJPY. I hope that it brings profit for you all. We want the 15 minute candle to close above the entry, and then respect the entry. Then we will enter. RiskReward is essential. If you are blowing an account, only once, you are doing something wrong. Probably your lot size is too big. Take the time to learn. EURJPY Buy 🦇 📈Entry: 162.160 ⚠️SL: 160.435 ✔️TP1: 163.899 ✔️TP2: 165.902 ✔️TP3: 168.548 Happy trading hope you all make lovely profit. Drop me a like if you do. Best wishes
Long
by Elite_Trading_Signals
EURJPY H4 | Bullish Bounce offBased on the H4 chart, price is falling toward the buy entry at 159.27, which aligns with the 127.2% Fibonacci extension and the 78.6% Fibonacci projection. This level is expected to act as a strong entry point in the bullish setup. Our take profit is set at 160.88, targeting a key resistance level, marking a logical exit point for the trade. The stop loss is set at 157.73, below the 161.8% Fibonacci extension, providing room for price fluctuations while protecting against invalidation of the bullish bias. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USDJPY Observing Bearish Pressure in the marketUSD/JPY observing bearish pressure in the market. Given the weak background market conditions, you're noting a potential bearish displacement. Based on your analysis: Resistance Zone: 162.000 Support Zone: 159.050 This suggests that if the price continues to move down, it may approach the support zone around 159.050. Conversely, if the price fails to break lower, it could find resistance near 162.000. It would be helpful to look for additional indicators (like RSI, moving averages, or price action patterns) to confirm whether the bearish pressure is likely to persist. Additionally, keep an eye on any economic news that could impact the USD or JPY. Rate Share your idea About USDJPY Traders Thanks.
Short
by FxJennefir
9