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EURJPY trade ideas

EURJPY Bullish Move**Monthly Chart (Bullish)** Last month's candle closed bullish suggesting a continuation of the bullish trend at least to break the monthly high of Oct 1998 at 164.536 and move ahead towards testing the high of July 2008 at 169.96. **Weekly Chart (Bullish)** Last week's candle closed bullish. However, it is still within the range of the previous week’s candle after slightly testing the high of Oct 1998 at 164.536 and rejecting the price from it. This week we are going to see if the price breaks the high again and moves towards the first target at 166 and then 168 levels. There is also a high probability chance that break the July 2008 high at around 170 level (round number). **Daily Chart (Bullish)** Tuesday - 2nd April 2024 The candle closed as a key reversal creating a swing low that bounced after grabbing the liquidity and swiping the price higher, this indicates the high momentum for EURJPY to continue moving higher. This week, I will be looking for an entry to go long if the price gives a corrective structure with good risk-to-reward parameters.
Long
by PropSignals
EURJPY: Bullish Outlook Explained 🇪🇺🇯🇵 This week, EURJPY broke and closed above a key daily structure resistance. After a breakout, the broken structure turned into support and was retested. Retesting that, the market started to consolidate within a horizontal range on a 4h time frame. A bullish violation of the resistance of that range is an important intraday bullish confirmation and sign of strength of the buyers. I think that growth will continue next week at least to 171.0 level. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURJPY Is Bullish! Long! Take a look at our analysis for EURJPY. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 170.021. Considering the today's price action, probabilities will be high to see a movement to 170.485. 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. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY What Next? SELL! My dear subscribers, This is my opinion on the EURJPY next move: The instrument tests an important psychological level 170.41 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 - 168.97 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EURJPY In a Bullish Trend - Ascending ChannelEURJPY In a Bullish Trend - Ascending Channel EURJPY is still rising within a bullish channel from 15 May 2024 for about 9 days. The support the BOJ is giving the market to kill the JPY is pushing all XXXJPY pairs higher. It seems like a WIN-WIN game that you can take the profits and be satisfied with zero risk. The problem is that all JPY pairs will only move when the BOJ intervenes in the market. We all know that intervention will create aggressive bullish waves. Until that moment, all JPY pairs are only rising and bullish. 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❤️
Long
by KlejdiCuni
6
TRADE SIGNAL: EURJPY LONG 21 May 2024Factoring in some learning from my previous 2 trade signals, i have strong conviction that EJ might pullback to immediate past resistance(now support) to gather some liquidity before pushing up. Hence i'd recommend long positions for the pair. See details below Position Parameters; Entry BUY @ 169.500 - 169.223 Flex SL 169.060 Final TP 170.496 Note: i'd share updated confluences from next post. Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more details
Long
by Kingsley_lotanna
Large potential but Countertrend short EURJPYPrice is at a level last seen in July 2008. At that time as well, price had made several attempts to go higher and failed (thus printing multiple tops). Once again, we can see several tops. A decline of 55,400 points (about 33%) happened in 2008, I can only wonder what we will see on this occasion. I see a supply zone (yellow rectangle) and expect this pair to fall. I will be taking a trade as soon as spreads normalize on Monday, but note that this is counter-trend. If you take this too, please manage your risk with a high degree of caution. Being prepared for the unexpected is always good in trading, so please use sound money and risk management and stay patient in all your trades. If you like my content, please give it a “thumbs up” and follow me to get even more. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
12
EUR/JPY For Bullishyou can wait for break current resistance area at red Arrow and go long or wait for creating higher low at blue arrow or between range of 50 : 61 fibo and go long with it or make hedge technique by open two trade one for long and other for short if price back to blue arrow then close short trade and wait to back to any target and close long trade if price fail to break current resistance area at red arrow and success to break support area at orange arrow then it will pull-back to area at blue arrow and try to make higher low so you can make short with small lot ant take profit after creating higher low at blue arrow and out with start new trade with long and take any target have fun :)
Long
by maxbayne