EURJPY trade ideas
EURJPY BEARISH FOR 100PIPS, 20PIP STOPechnical Analysis:
Resistance Levels: If EUR/JPY is currently near a significant resistance level, a reversal to the downside could be likely.
Trend Indicators: Look for confirmation from moving averages (like the 50 and 200 MA) showing a bearish crossover, or if the RSI (Relative Strength Index) is overbought and signaling a potential pullback.
Price Action: If there’s a bearish candlestick pattern like a shooting star or engulfing pattern forming at a resistance point, it could signal a short-term reversal.
Fundamental Factors:
A shift in Eurozone or Japan economic data (such as weak Eurozone growth or hawkish Bank of Japan statements) could provide further downside pressure on EUR/JPY.
Geopolitical tensions or broader risk-off sentiment could also boost JPY strength as a safe haven.
Key Levels: If EUR/JPY is at, say, 155.00 and you're targeting a 100-pip bearish move, the first target would be around 154.00. Watch for any support levels and trendlines around this point.
EURJPY 2H AnalysisThe pair continues its bullish trend after breaking key resistance zones and flipping them into support.
🔹 Key Observations:
Strong momentum pushing price upward.
Demand zones holding well, suggesting buyers are in control.
Expecting a retracement to the marked support area before continuation to the next resistance zone near 166.500.
📈 Bias: Bullish.
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EUR/JPY Tests Key Resistance: Breakout or Pullback?EUR/JPY Analysis
Key Resistance Zone:
The price is currently testing a key resistance zone near the 164 level, which has previously acted as a strong barrier. A successful breakout above this zone could signal further bullish momentum.
Rising Trendline Support:
The price has consistently found strong support from the ascending trendline, confirming the overall bullish structure of the market.
EURJPY: Zones and a trading scenarioHello Traders,
As it's clearly visible in the chart we might have some fluctuation in between the zones. so in case of breaking below the bullish channel we'll take a short trade.
we could set 2 TPs for out possible trade.
If the price goes over 164.00 our analysis would be invalid.
Lingrid | EURJPY test of the MAJOR Resistance ZONE. LongFX:EURJPY market has broken through the resistance zone and is now moving toward the main resistance level. Overall, the market is currently in a range zone on the daily timeframe, with the price updating its swing highs at resistance and forming a distinct range. The market recently bounced off the support level and the trendline that had kept the price below for the week. I anticipate a price expansion from the support level, followed by a retest of the key resistance zone. My goal is resistance zone around 164.000
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻