Get started

Euro / Japanese Yen

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

EURJPY trade ideas

EURJPY: 1D MACD Bullish Cross confirming uptrend.EURJPY is neutral on its 1D technical outlook (RSI = 52.622, MACD = 0.070, ADX = 26.202) and with the formation of a Bullish Cross on the 1D MACD, this shows the enormous upside potential the price has inside the 5 month Bullish Megaphone. We expect a quick rise to the 1.382 Fibonacci extension (TP = 168.000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
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
DeGRAM | EURJPY fixed over the channelEURJPY is above the descending channel between the trend lines. The price is moving from the dynamic support and has already consolidated above the descending channel. The chart retains the harmonic pattern and is now testing the 62% retracement level. We expect the growth to continue after consolidation above the resistance level. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
Long
by DeGRAM
7
The Fate of EUR/JPY Hinges on Friday, January 24! Why?Markets are eagerly awaiting Friday, January 24, 2025, as highly significant economic indicators and news are expected to have a strong impact on the EUR/JPY pair and its medium-term direction. What are these data and news, and how might they affect the markets? Key Developments in the Eurozone: In addition to ECB President Christine Lagarde's speech, the following economic indicators are set to be released: • German Manufacturing PMI: Expected to rise to 42.7, while the German Services PMI is forecast to decline slightly to 51.1. • French Manufacturing PMI: Anticipated to increase to 42.4, with the French Services PMI expected to remain steady at 49.3. • Eurozone Manufacturing PMI: Expected to narrow its deficit from 41.9 to 42.4, while the Eurozone Services PMI is forecast to dip slightly from 51.6 to 51.4. Traders are urged to closely monitor industrial sector data from France, Germany, and the broader Eurozone. This sector has been contracting recently due to the weak European economy. Any notable improvement in manufacturing PMI figures could positively influence the euro, according to analysts. Key Developments in Japan: Markets are also anticipating the Bank of Japan's interest rate decision on Friday morning. Expectations point to a 25-basis-point hike, raising Japan's interest rate to 0.50% — its highest level since October 6, 1995. If rates are raised as expected, this would likely have a positive impact on the Japanese yen, analysts suggest. Possible Scenarios: • Bearish Scenario for EUR/JPY: If the Bank of Japan raises interest rates and the Eurozone reports disappointing economic data, particularly in the industrial sector, this could negatively affect the euro while boosting the yen. • Bullish Scenario for EUR/JPY: If the Eurozone delivers positive economic data with notable improvements in the industrial sector, supporting the euro, while the Bank of Japan does not raise interest rates, this could weaken the yen. Technical Outlook for EUR/JPY: The EUR/JPY pair is currently in a general downtrend, forming successive lower lows. Trading near the 162.66–162.777 levels increases the likelihood of further declines, targeting 160.473. However, the bearish scenario would be invalidated if the price rises above 162.890 and closes a four-hour candle above this level, according to technical analysis. The Big Question: Will the economic indicators and news align with the technical outlook, or will they defy it? The answer will unfold on Friday, January 24, 2025.
by CFI
EUR/JPY H4 | Approaching swing-high resistanceEUR/JPY is rising towards a swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 162.83 which is a swing-high resistance. Stop loss is at 163.60 which is a level that sits above an overlap resistance. Take profit is at 161.18 which is a swing-low support. 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 (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.
Short
by FXCM
2
Smart Money Strategy: Short Opportunity with EUR/JPY Smart Money Strategy: Opportunity with EUR/JPY at Key Fibonacci Levels The EUR/JPY pair is currently facing downward pressure, trading around 161.10, as speculation mounts over a potential rate hike by the Bank of Japan (BoJ). With market expectations nearing a 92% likelihood of a rate increase by the BoJ in their upcoming January meeting, this could push short-term borrowing rates to the highest since the 2008 financial crisis, bolstering the Japanese Yen. Key Levels for Strategic Entry: Optimal Short Entry : Focus on the 162.103 level, where the pair may encounter significant resistance. Fibonacci Reversal Points : The 0.75 and 0.71 levels are more than technical markers; they are critical points where institutional investors—often referred to as the 'smart money'—typically engage. These levels are key for identifying potential shifts in market dynamics. This trade is not just about capitalizing on market trends—it's about strategically positioning at a technically significant level to maximize the potential for profits. Follow for more insights and ideas #tradingforex #trading #forex #tradingstrategy #Smartmoneyconcept #SMC #tradingtips #trader
Short
by InwardTrader
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