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EURJPY Wave Analysis 16 January 2025 - EURJPY broke support zone - Likely to fall to support level 158.00 EURJPY currency pair recently broke the support zone located between the key support level 160.200, (which has been reversing the pair from December) and the 50% Fibonacci correction of the upward ABC correction 2 from last month. The breakout of this support zone accelerated the active short-term impulse wave iii of the higher impulse waves 3 and (3). Given the strong bullish yen sentiment, EURJPY currency pair can be expected to fall to the next support level 158.00, the target price for the completion of the active impulse wave iii.
Short
by FxProGlobal
EURJPY: Bearish Signals Strengthen: EURJPY Under PressureEURJPY: Bearish Signals Strengthen: EURJPY Under Pressure The uncertainty surrounding a potential BoJ rate hike might weigh on JPY pairs. However, the sell-off observed across all XXJPY pairs suggests a different narrative. This could be attributed to behind-the-scenes actions by the BoJ that have not been made public. All JPY pairs have been gradually releasing liquidity since the end of last week. EURJPY has already broken down from a strong structural zone, confirming a double-top pattern. Following any minor correction, EURJPY is likely to continue its downward movement, with support zones at 159.60 and 157.30. We should expect price reactions near these areas. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
11
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
Daily CLS, Model 2 in the Monthly CLS play, Bullish StructureDaily CLS, Model 2 in the Monthly CLS play you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by David_Perk
4
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Long
by Thief_Trader
EURJPY Expected Growth! BUY! My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 160.48 Bias - Bullish Safe Stop Loss - 159.81 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 161.71 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
EURJPY → Consolidating before dropping to 157.00OANDA:EURJPY is under pressure. This currency pair has broken its local uptrend. In the context of weak fundamental and technical foundations, overall market pressure may be experienced. On the global timeframe, the pair lacks a clear trend and has been trading mainly within the range of 166 - 156. A closer look reveals that the recent growth attempt failed near the intermediate high. As the price approached a local resistance level, it reversed and stabilized below the EMA, moving toward the lower boundary of the flat range. Locally, a structural shift has confirmed the bearish nature of the market. However, before further declines, the price may form a corrective move. Using Fibonacci levels to measure this potential correction, the short-term levels to watch are 0.618 (161.75) and 0.5 (162.28). In the medium term, however, the decline may continue. Rate, share your opinion and questions, let's discuss what's going on with OANDA:EURJPY :) Regards R. Linda!
Short
by Bentradegold