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!
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EURJPY trade ideas
EUR/JPY - Extremely oversold, it's time for a correctionHi guys we would be looking into EUR/JPY today.
From a tecnical perspective we have a big gap that we need to cover, and to get back into the structured balance of the pair, an Ascending Channel is formulating giving us an indication that the price should increase.
Entry: 158.600
Target 1: 159.600
Target 2: 160.600
Target 3: 161.600
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!
Lingrid | EURJPY short from PSYCHOLOGICAL levelThe price perfectly fulfills my last idea. It hit the target. The price broke through the psychological level at 161.000 before pulling back. Overall, FX:EURJPY is in a bearish trend, with the price consistently making lower lows and lower closes. I anticipate that the price may rise to retest the channel boundary, trendline, and resistance before continuing to decline and making lower lows. On the daily timeframe, the price filled the gap and then moved above the previous day's high, which could be a false breakout. Consequently, I expect a decline from this level, followed by a retest of the support. My goal is the support level at 159.500
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
#EURJPY 1DAYEURJPY (1D Timeframe) Analysis
Market Structure:
The price is currently trading near the support of a well-defined channel, indicating a potential buying opportunity. This support level has previously acted as a strong demand zone, suggesting that buyers may step in again to push the price higher.
Forecast:
A buy opportunity is expected if the price holds above the channel support, signaling a potential move toward higher levels within the channel.
Key Levels to Watch:
- Entry Zone: Near the channel support after confirmation of bullish signals.
- Risk Management:
- Stop Loss: Placed below the channel support or the recent swing low.
- Take Profit: Target the midline or upper boundary of the channel for potential upside movement.
Market Sentiment:
As long as the price remains above the channel support, the bullish structure remains intact. Waiting for confirmation of a bounce ensures alignment with market momentum before entering a trade.
Key Levels for EURUSDYesterday, EURUSD managed to recover and reached resistance at 1,0350.
Now, the important question is whether we’ll see another decline or a higher low followed by a new bullish move.
The significant fluctuations from yesterday will shape the next price movements.
At the current levels, there is no clear reason to enter a trade.
Consider looking at JPY pairs for potential opportunities with good risk-to-reward ratios!
Bullish rise?EUR/JPY has reacted off the pivot and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 159.37
1st Support: 157.99
1st Resistance: 161.51
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EURJPY My Opinion! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 160.70
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 161.63
Safe Stop Loss - 160.13
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
EURJPY setbacks to be capped by a previous low?EURJPY - Intraday expiry
Price action looks to be forming a bottom.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Preferred trade is to buy on dips.
We look for a temporary move lower.
Further upside is expected although we prefer to buy into dips close to the 160.90 level.
We look to Buy at 160.60 (stop at 159.83)
Our profit targets will be 163.58 and 164.10
Resistance: 162.00 / 163.80 / 166.70
Support: 160.55 / 159.10 / 157.05
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#001 EURJPY Obvious Range Feb 2025 BeginsLong.
Stop Asking Me To Talk More!!!
I want to make money, not talk!!!
The more I talk the more I begin my downslope consecutive losses!
If you want my subscription, lemme do what I need to because if I am not making money, you wont make money from me!
1R SL to 0.22R TP.
1328SGT 31012025
EUR/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
EUR/JPY is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a beautiful trend following opportunity for a short trade from the resistance line above towards the demand level of 159.900.
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DeGRAM | EURJPY got out from the channelEURJPY is under an ascending channel above the trend lines.
The price is moving from the upper boundary of the channel and resistance level.
The chart formed a harmonic pattern, exited the channel and then fell under the support level, which coincides with the 50% retracement level.
We expect the decline to continue after consolidation under the trend line.
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