EURJPYEURJPY
The potential sell scenario for the pair next week:
The pair is to be monitored as it approaches the designated sell zones on the chart.
EURJPY trade ideas
EURJPY I Potential retracement and more downside Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
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EURJPY-BUY Strategy 6 hourly chart The pair has been brought lower, and I feel it is running out of steam here. The stochastic is low and it is very oversold.
Strategy BUY @ 158.20-158.45 and take profit @ 159.40 for now.
EURJPY SWING LOWThe Uptrend was finished and formed higher lows and the trend is unable to break the red trendline. It's very bearish.
4hr time frame shows the candles close below support and resistance zone which is confirmed again it's bearish.
Trend is under 50 EMA for the last 2 weeks, also very bearish.
SL is placed behind the support and resistance zone @162.90
Entry is placed @161.823
TP is @155.30
EURJPY Wave Analysis 29 November 2024
- EURJPY broke support zone
- Likely to fall to support level 156.00
EURJPY currency pair recently broke the support zone located between the support level 160.00 and the 61.8% Fibonacci correction of the upward impulse from September.
The breakout of the support level 160.00 accelerated the C-wave of the active ABC correction (2) from the end of October.
Given the clear daily downtrend, EURJPY currency pair can be expected to fall to the next support level 156.00 (which reversed the price sharply in August and September).
EURJPY The EUR/JPY market remains resilient, showing no significant signs of retracement despite potential resistance levels. Traders are witnessing a steady upward momentum, with bullish sentiment continuing to dominate. Market participants are closely monitoring key economic indicators and price action, as the pair maintains its upward trajectory without pulling back. The lack of corrective movements highlights strong buyer interest, suggesting further potential for gains in the near term.
How to Trend Trade & Why I Avoid Trading Fridays & Mondays 👀👉 In this video, I take you through a detailed breakdown of my trend continuation strategy with the EURJPY. 🔍 We’ll explore key concepts like trend analysis, price action, and market structure, and I’ll share a simple yet highly effective method for identifying the best trade entry points. ✅ I’ll also explain why I choose to avoid trading on Mondays and Fridays and how this approach helps refine my trading discipline. ⚠️ Disclaimer: This video is for informational purposes only and is not financial advice. ⚠️
EURJPY → Support breakdown. Attempt to change the trendFX:EURJPY seeks to renew lows. The dollar rally is negatively affecting both JPY and EUR. The Eurozone has yet to face Trump's policies, while Japan is already going through a rough patch....
The currency pair is exiting the ascending channel, hinting at a trend change. The price breaks support and consolidates in the selling zone. Ahead is the key support at 161.2, the breakdown of this zone may provoke the bears to more active actions.
Technically and fundamentally, the currency pair is entering the downward rally phase, so the trend change is just the beginning....
Resistance levels: 162.04, 162.5, 163.2
Support levels: 161.16, 158.4
The focus is on the channel boundaries, resistance at 162.04 and support at 161.16. From these zones an aggressive fall may be possible, as buyers do not believe in a positive outcome at the moment
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;)
Regards R. Linda!
EUR/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 161.123 area.
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EURJPY 1hr timeframeThe overall trend for this pair is to the downside. This could be a moment for a possible sell but I think is better to wait for a break of the sub trend expecting it to retest the main trend which is the zone for better trades.
But a possible 1:2 R/R could be placed here with a target of 156.55 the demand zone of the higher timeframe.
Good luck everyone!
EURJPY Might Go BullishThe EURJPY shows an interesting signal: In the H8 timeframe, both the OBV and the Force Index show clear bullish divergences. These signals have a high success rate. A suitable target is the lower edge of the value area of the last downward movement, which also represents a defensive but lucrative target for the trade.
EURJPY contunues a downtrendEuro continues to weaken against the Japanese Yen amid geopolitical situation (Yen is a safe haven for the Asian region) and rising yields of 30-year bonds for Japan.
The situation will be more clear on Friday (scheduled block of economic publications for Japan), but even now the price aciton moves in a dowtrend, and consolidates in a coil, which may transition to a wider extension of the downward impulse as shown at the chart.
Don't forget - always DYOR and manage your risk!
Bearish drop?EUR/JPY is rising towards the resistance level which is an overlap resistance that is slightly above the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 160.72
Why we like it:
There is an overlap reistance level that is slightly above the 23.6% Fibonacci retracement.
Stop loss: 162.22
Why we like it:
There is an overlap resistance which is slightly above the 50% Fibonacci retracement.
Take profit: 158.73
Why we like it:
There is a pullback support level.
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Patience Is the Key to Trading Success🕒 The market doesn’t always offer opportunities to act, but it always offers opportunities to learn.
Many traders feel the urge to constantly take action, entering trades without a clear setup simply because they feel "compelled" to do something. However, the greatest trading successes come not from the number of trades taken but from waiting patiently for high-quality setups.
Why Is Patience So Important?
📊 Avoid Overtrading: More trades don’t necessarily mean better results.
🧘 Control Your Emotions: Waiting for the right opportunity helps prevent impulsive decisions.
🎯 Precision: The more selective you are, the higher the quality of your trades.
How to Train Patience in Trading?
Define clear rules for your entries and exits.
Don’t let FOMO (fear of missing out) dictate your decisions.
Embrace the idea that not trading is also part of the strategy.
The best traders understand that the days they don’t trade are just as important as the days they do.
Do you struggle with patience in trading? How do you overcome FOMO? Share your thoughts below! 👇
EURJPY buy**EURJPY Buy**
Targets are marked with the green line, and the stop-loss is marked with the red line.
Ensure the spread is stable before entering the trade. Monitor price action closely and maintain strict risk management to protect your capital and achieve consistent results.
Bullish bounce off pullback support?EUR/JPY is falling towards the pivot which has been identified as a pullback support and could bounce tot he 1st resistance which acts as an overlap resistance.
Pivot: 158.73
1st Support: 157.41
1st Resistance: 160.59
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Sell EUR/JPY Bearish ChannelThe EUR/JPY pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 161.15
Target Levels:
1st Support – 159.88
2nd Support – 158.91
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
EUR/JPY Confirmation of trend reversalHi guys, today we are starting up with the currency pair of EUR / JPY , which had a significant drop today, with a follow up with a few bad economical data shown by the biggest economy in Europe : Germany, additionally the additional tensions generated from Israel earlier , ended up pushing the value of the yen up, hence the fact that it is still one of the looked after safe heaven currencies. Currently the EUR/JPY has reached a break of structure which it should revitalise and cover in the upcoming days.Additionally we see the lower levels of the Fibonacci and a total level of the RSI sitting currently at the level of 35 making it quite oversold.
Entry level at 160.500 with the following targets :
Target one : 161.053
Target two :161.767
Will update additionally when the targets have been achieved!
EURJPY-BEARISH IDEAEURJPY is in bear trend as it is printing newLL and LH'S with a continuation pattren peanut.
EURJPY-BEARISH IDEAEURJPY is in bear trend as it is printing newLL and LH'S with a continuation pattren peanut.
