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Euro / Japanese Yen

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EURJPY trade ideas

Can EURJPY break range?We can see in EURJPY chart that it is in range and does not have the power to break the range to upside or downside. In these situations we face price manipulations such as liquidity sweeps. I expect an upside push. it can continue to push upward or gets rejected and reverse to retrace. I myself see EURJPY VERY expensive at this price. I expect a push upward if it gets rejected I will have short to price 161.00 and even lower. If it continues to push further I will have long positions after pullback.
by POUX
EUR/JPY: Tight range when other EUR-pairs are weak. HmmmDo you trade A) Before the breakout for a better price OR B) After the breakout for confirmation ? We usually prefer B) But it helps to think through some scenarios that could happen beforehand Looking at EUR/JPY - see how it is trading in a tight range? Well other EUR pairs like EUR/USD have been falling. That shows relative strength . Or put another way - the yen is relatively weak. The price could just break straight to the topside - or it could first try to break lower in a fakeout - before breaking to the topisde. If the latter does happen - it will be one of those occations we could trade before the =breakout ;) What do you think happens? Maybe the trend turns lower - and neither scenario above is right - could easily be.
Short
by jasperlawler
Can EURJPY descend and break the range to downside?EURJPY in 4h timeframe is in range however the range is cause of weakness in momentum to upside to break the shadow and high on 27th september. I expect descending to break the range to lower levels however there is possibility to liquidity sweep to upside and start descending from the level I pointed. I risked 0.5% my exposure in this trade if it stops I will have short on the upper area with 1% or 1.5% it depends. Risk management is everything.
Short
by POUX
EURJPY Bullish Bat pattern: Forecasting an Upside moveHello traders, A number of harmonic patterns are surfacing today. Here is my analysis of a clear bullish Bat pattern spotted on the EURJPY Pair. The Bullish Bat pattern is a harmonic pattern used in technical analysis to predict potential reversal zones. The EURJPY pair has formed this pattern with the following parameters: X = 168.022 A = 170.293 B = 168.940 C = 169.976 D = 168.302 Here's the breakdown of the Fibonacci relationships for this pattern: AB Leg: Retraces 38.2% to 50% of the XA leg. Point B at 168.940 confirms this. BC Leg: Retraces 38.2% to 88.6% of the AB leg. Point C at 169.976 confirms this. CD Leg: Extends 161.8% to 261.8% of the BC leg or retraces 88.6% of the XA leg. Point D at 168.302 confirms this and is close to the 88.6% retracement of the XA leg. In summary, the points X, A, B, C, and D fit within the Fibonacci retracement and extension levels for a Bullish Bat pattern on EURJPY. This indicates a high probability of a bullish reversal at point D (168.302), which also qualifies as a good support zone for price. In addition, my Elliott Wave analysis suggests the pair has completed the corrective wave ABC to the downside. I'm anticipating an impulsive move to the upside towards 169.70 and 170.31. Let's watch out for confirming price action. Cheers and happy trading.
Long
by Samuel124
#EURJPY 1HEUR/JPY (1H) Analysis: Rectangle Support Pattern: EUR/JPY is forming a rectangle pattern on the 1-hour chart, with horizontal support acting as a strong base. The price has been bouncing between this support and a defined resistance, indicating consolidation within a range. The repeated tests of the support level suggest a strong area of buying interest. Forecast: BUY Currently, the price is near the lower boundary of the rectangle, presenting an opportunity to enter a buy trade. The rectangle support has held firm multiple times, signaling a potential bullish reversal from this level. A buy entry can be placed at or slightly above the support zone, targeting a move towards the upper boundary of the rectangle. Risk management can be employed by placing stop losses below the rectangle's support. Key factors to consider: - Clear rectangle support holding over multiple retests. - Potential for price to reverse and move toward the resistance. - Defined risk-to-reward with stops below the support and targets near the top of the range.
Long
by PIPSFIGHTER
Have you tried GannZilla? It changed me lifeGannZilla reads planetary positions in astrology and interprets them in relation to Gann's Square of 9, a geometric chart that helps traders identify potential price levels and market turns based on mathematical relationships. By aligning astrological events with the Square of 9, GannZilla aims to provide insights into market movements influenced by planetary cycles, helping traders make more informed decisions based on both astrological timing and Gann's theories.
Education
by Blayno_MTOPS
eurjpy is bearishThe high liquidity and volatility determine the attractiveness of the EURJPY pair for traders and investors. Due to such fundamental factors as changes in the monetary policy of the ECB and the Bank of Japan, the release of data on GDP, inflation and the labor market in Japan and the Eurozone, volatility almost always increases. EURJPY has a generally recognized status as a safe-haven currency. The interest of investors in the yen grows significantly during periods of uncertainty in the financial markets. The dynamics of changes in EURJPY prices are characterized by long-term trends, which are favorable for implementing trend strategies using technical tools (indicators and oscillators).
Short
by MtICHI