EURJPY TP HIT!!!Earlier this the week. I had EJ buys. I was aiming for 172 pips. Yesterday morning Tp was hit just didn’t have time to make a post about it. Was able to get some stackers in there. 4h is a good chart to look at for my entries.
EURJPY trade ideas
EURJPY TP HIT!!!Earlier this the week. I had EJ buys. I was aiming for 172 pips. Yesterday morning Tp was hit just didn’t have time to make a post about it. Was able to get some stackers in there. 4h is a good chart to look at for my entries.
Tracking Eur/Jpy 5/8/24Market has been going bullish and approaching an area of interest
Market sentiment is majority short
Big trend is still bullish
In this area of interest, either the market will pull back to an area of interest or consolidate then continue in a bullish trend
At the moment, no strong signals convincing me to enter at the moment
EURJPY: Time For Pullback?! 🇪🇺🇯🇵
EURJPY may retrace from a key daily horizontal resistance.
The market looks quite overbought after quite an extended bullish movement.
A cup & handle formation on an hourly time frame indicates a local strength
of the sellers.
I expect a retracement at least to 166.76 support.
❤️Please, support my work with like, thank you!❤️
EURJPY Lazy Daily Trend TradeEURJPY has been trending up on the JPY's long-term weakness.
I've entered on the daily as a pullback finishes and resumes its upward climb. Using a 1:1 R:R and 0.5% risk as always.
Good luck!
Buying EUR/JPY Bought yesterday, did the same two weeks ago before the BOJ intervention. Still a big diference in interest rates of both pairs. Be careful on JPY pairs , BOJ can intervene again. Fundamentals are everything.
EURJPJEURJPJ broke all-time high a technically bearish price action has been established showing indicating weak bullish continuation. Before you are the zones I expect reversals to support the bearish trend.
EUR JPY WEEKLY LONGEUR JPY Visiting a support line that frist created in FEB 1984 but soon turned into resistance and now we are back at it again in 2024.
ECB is trying to hint market on late rate cut but the key factor is the JXY movement. price action showing a break of 161 level.
solid break above this level will result in a hike towards 174 area. there will be many inner channel resistance in the high way and BOJ actions can break or strengthen the hike and has to be monitored closely. expecting BOJ normalization to begin in APRIL but things can change. bad Q4 GDP data in JAPAN showing unexpected recession in Q4 and this might force BOJ to hold the line.
EURJPY to turnaround?EURJPY - 24h expiry
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
The hourly chart technicals suggests further upside before the downtrend returns.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 165.50 and 165.20
We look to Sell at 167.40 (stop at 168.10)
Resistance: 168.95 / 171.20 / 175.50
Support: 164.30 / 161.90 / 160.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Sell Signal Approaching or Is a New Highs On The Way?Last week, there were fireworks across all JPY pairs, with each hitting multi-decade highs. Notably, EURJPY reached an all-time high, peaking at 171.5 before experiencing a sharp drop due to two rounds of intervention by the Bank of Japan (BOJ).
So, what’s next for this pair? This week, it’s been slowly creeping back toward the zone where the second round of intervention occurred last week, between 167 and 168.(see image below)
On the 4-hour chart, a similar sell pattern seems to be emerging. After the first intervention, the price slowly crept back up to the intervention zone before dropping again (second round of intervention).
You can see on this 4-hour chart how the price is inching back toward the 167 level. It dropped 300 pips from there on Friday. Above that, the price dropped heavily from 168.5, so will this pattern repeat, or will we see a return to 170 or above?
In the short term, I see a potential sell setup between 167.5 and 168.5. I'll be using my TRFX indicator on the 1-hour chart to find the right signals for a sell as we approach this zone.
I'll keep a tight stop-loss above 169.7, with a primary target at last week's low of 164, a good short-term goal.
In the longer term, we might see a retest of 171.5 before another significant sell-off. However, the JPY remains quite weak, making it tough to predict the long-term outlook. It's best to see if the price steadies at these levels over the coming weeks or if volatility spikes again, causing another crash.
For now, I'm favoring a short-term sell setup if the right signals appear.
EURJPY - bullish reversal after completing AB=CD PatternEURJPY is completing breaish AB=CD pattern A Bullish divergence at PRZ is a good setup to BUy.
BUY EURJPY for uptrend continuation BUY EURJPY for uptrend continuation
STOP LOSS : 164.63
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Could EUR/JPY reverse from here?The price is rising toward a resistance level, which serves as a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level toward our take profit.
Entry: 167.15
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 168.62
Why we like it:
There is a pullback resistance level.
Take profit: 164.05
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
EURJPY: Asian foreign exchange decline, dollar stable; The Yen cJapanese Yen weakened after intervention, USDJPY increased
Markets are now looking for more information on Japan's inflation and wage growth to gauge whether the Bank of Japan will raise interest rates further this year, which is expected to bring some relief for the Japanese currency.
Eurjpy Potential Sell setup 400pipsSo the view of this downside move is based on USDJPY analysis which we talked about how the interest rate differential, Similar pattern behavior of USDJPY as the government sell bonds to buy back their currency yen!! so we are looking at the same theory at play
This is the video I talked about USDJPY similar pattern
So we could see price retrace to 61.8% fib or in between 50%-61.8% so have a eye on that yellow zone for confirmation of sell setup to downside
Risk management is very good!! with decent ROI
Follow for more forex analysis
Eur/jpy Wonderful trade 150pips Closed!!Based on what i was looking on usdjpy , I saw all the yen pair retracing as we reference UJ as a liquidity pair that set the direction of other pairs of yen. so we got into yen as explained on the weekend. hope everyone enjoyed the breakdown!!
Thank you . please follow for more forex analysis
EURJPY Set To Grow! BUY!
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 164.62
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long ) signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 166.50
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
———————————
WISH YOU ALL LUCK
EURJPY Buy IdeaOANDA:EURJPY is in overall bullish trend, forming a strong ascending trendline. Recently, after a strong bullish move, It has been retracing towards discounted fibonacci levels. It might continue its bullish momentum from these levels after trendline retest where we can look for long opportunities.
EURJPY BANK BULLISH SIDE ROBBERY PLANMy Dear Robbers / Traders,
This is our master plan to Heist Bullish side of EUR/JPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
EURJPY-4H-BEARISH CONTINUATIONHere is a details analysis of EURJPY:
EUR (Euro):
1. Scorecard: Bullish sentiment, indicating an expectation for an increase in value.
2. COT-FLIP: Bearish sentiment, suggesting a potential decrease.
3. Seasonal Analysis: Bearish outlook, implying a likelihood of a decrease.
4. Fundamentals (LEI, ENDO, EXO): All bullish, indicating positive economic factors that could contribute to an increase in value.
JPY (Japanese Yen):
1. Scorecard: Bullish sentiment, indicating an expectation for an increase in value.
2. COT-FLIP: Bullish sentiment, suggesting a potential increase.
3. Seasonal Analysis: Bullish outlook, implying a likelihood of an increase.
4. Fundamentals (LEI, ENDO, EXO): All bullish, indicating positive economic factors that could contribute to an increase in value.
EURJPY Pair:
1. Scorecard: Bearish sentiment, suggesting a decrease in value.
2. COT-FLIP: Bearish sentiment, indicating a potential decrease.
3. Seasonal Analysis: Bearish outlook, implying a likelihood of a decrease.
4. Fundamentals (LEI, ENDO, EXO): Bullish, indicating positive economic factors, but the overall sentiment is still bearish due to other factors.
5. Technical Analysis:
Trend: Bearish, indicating a downward trajectory in the market.
No specific diversions, continuation patterns, reversal patterns, or harmonics were identified.
Overall Assessment:
The EUR is expected to increase in value based on various indicators, including bullish sentiment and positive fundamentals.
The JPY is also anticipated to increase in value due to similar bullish indicators.
However, the EURJPY pair is likely to decrease overall, despite bullish fundamentals for both currencies individually, mainly due to bearish sentiment reflected in the scorecard and other factors such as technical analysis indicating a bearish trend.
This comprehensive analysis considers multiple factors to provide a detailed theoretical outlook for the EUR, JPY, and the EURJPY pair for the first week of May
ICT Long Setup on JPY pairs, EURJPY recap👋Hello Traders,
Our 🖥️ AI system detected that there is an ICT Long setup in EURJPY for scalping in London Session
Please refer to the details Stop loss, Demand Zone(Buy Zone), Supply Zone for take profit.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
EURJPY LONGEURJPY was making lower lows and lower highs. it created buillsh divergence at ABCD harmonic pattren potential reversal area. now it makes new higher high and hopefully now trend will be continue upside.
