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Japanese Yen/Euro

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JPYEUR trade ideas

EURJPY - Intraday forecast, Technical Analysis & Trading Ideas💡 H4: ShortTerm Forecast: Price rejected from Downtrend and Sell Zone. Sell Zone: 163.18 ~ 164.84 Forecast: 1- Correction wave toward the Sell Zone 2- Another Downward Impulse wave toward Lower TPs SL: Above 164.84 💡 H1: Intraday Forecast: The Uptrend is broken, and the price could start an impulse wave. Sell Zone: 162.71 ~ 163.18 Forecast: 1- Correction wave toward the Sell Zone 2- Another Downward Impulse wave toward Lower TPs SL: Above 163.18
Short
by ForecastCity
5
EURJPYmonday will bring bank lending ,current account and economy watchers sentiment and wednesday will bring japanese M2 Money Stock y/y 1.3% 1.3% and Prelim Machine Tool Order. Japanese machine tool orders serve as a leading indicator of industrial production because they represent capital investments made by manufacturers in anticipation of future production needs. An increase in machine tool orders typically signals an expectation of increased demand for their products in the coming months or years. Here's how machine tool orders correlate with Japan's industrial production: Economic Growth: The performance of the Japanese manufacturing industry, as reflected by machine tool orders, has a direct correlation with economic growth. Increased demand for machine tools indicates a thriving manufacturing sector, which in turn leads to greater job creation, higher wages, and increased consumer spending. Manufacturing Activity: Machine tool orders reflect the level of investment and production in the country's manufacturing sector. As one of the world’s largest manufacturing powerhouses, Japan’s economic performance relies heavily on the success and growth of this sector. Leading Indicator: Machine tool orders are considered a leading indicator because they represent capital investments made by manufacturers in anticipation of future production needs. When companies order new machine tools, it typically signals an expectation of increased demand for their products in the coming months or years. Broader Economic Trends: The performance of machine tool orders can often be an early indicator of economic trends and future growth prospects. Superior machine tools are a crucial factor in manufacturing a wide range of machinery, so machine tools are viewed as having a critical presence far greater than their share alone would indicate. A decline in machine tool orders can indicate a slowdown in economic growth, potentially resulting in negative effects on currency exchange rates Several economic data releases could influence the EUR/JPY pair. Here's a breakdown of potential catalysts: Eurozone Sentix Investor Confidence: On February 10, 2025, the Eurozone Sentix Investor Confidence data was released and the ECB President Lagarde Speaks. ECB and BOJ Monetary Policy: Monetary policy decisions from both the European Central Bank (ECB) and the Bank of Japan (BOJ) significantly impact the EUR/JPY1. Keep an eye on any statements or policy changes from these central banks especially as big boss lagarde will speaks on monday. Eurozone Inflation Trends: Inflation trends in the Eurozone can sway the EUR/JPY forecast. Japanese Economic Data: Releases such as the Eco Watchers Survey and Bank Lending data out of Japan can also have an impact, ppi y/y( Producer Price Index (PPI), will be on the card this week as it measures Change in the price of goods sold by corporations Global Risk Sentiment: Overall global risk sentiment influences the EUR/JPY. Potential Scenarios to Watch For: Divergent Monetary Policies: Divergent monetary policies between the ECB and BOJ could create tricky situations for EUR/JPY. Yen Strength: Keep an eye on yen strength, as it can cause major JPY pairs to fall, including EUR/JPY. Technical Levels: Watch key levels such as the 160.00 handle; holding below this level could indicate a bearish outlook, with a potential drop to 155.431 ,146.867-152,743. please watch monthly chart and wait on 4hr for POE
by Shavyfxhub
2
EURJPY Rejects Triangle Support:First Impulse Wave to the UpsideEURJPY has respected the lower trendline of the triangle formation, showing strong rejection at support. The first impulsive wave to the upside suggests potential bullish momentum building up. If the structure holds, we could see a breakout and continuation higher. However, confirmation is key—watch for follow-through price action and volume before entering! Will bulls take control, or is this just a fake move? Stay alert! 📊📈🔥 #ForexTrading #ElliottWave #EURJPY #TrianglePattern #ForexAnalysis #PriceAction #Elliotwavesglobal
Long
by Elliotwavesglobal
3
Lingrid | EURJPY Long from the Potential DEMAND zoneThe price perfectly fulfilled my last idea . It hit the target. FX:EURJPY broke below the January and December lows, testing the psychological level at 157,000. It reached the demand zone around 156,000 - 157,000. Based on this, I expect the market to move higher, potentially reaching the January low. On the daily timeframe, it becomes apparent that the overall price is trading within a consolidation zone, with the current price having reached the bottom of it. Consequently, I anticipate a rebound from the bottom of the zone and downward trendline, indicating a potential upwards momentum. My goal is resistance zone around 159.700 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
10
EJ, bound for a massive upside reversal in the next few seasons!EJ has corrected with so much weight after going parabolic on Q2 of 2024 (June 2024) -- peaking at an ATH of 175.0. There after a massive correction was warranted that has lingered for months ahead. Now based on recent long term metrics. EJ is now heavily showing some basing behavior from the current range at 157 zone. This is conveying already of a shifting structure on its price. It has created a triple bottom formation that spans 2 years! From this scenario alone you can sense the contextual direction it is about to undertake. Reverse to the UPSIDE. Based on its historical price movements - it has undergone what I called a transitional shift to new ascending channel. You can check the chart above for reference. We are now at that period. Expect some fresh series of price growth attempts from here on -- aiming to reclaim new high metrics. Best seeding season is NOW. Spotted at 157.0 TAYOR. Trade safely.
Long
by JSAL
1
EURJPY Wave Analysis – 6 February 2025 - EURJPY broke support zone - Likely to fall to support level 156.00 EURJPY currency pair today broke support zone between the support level 158.00 (which reversed the price at the start of this month) and the support trendline of the daily down channel from December. The breakout of this support zone strengthened the bearish pressure on this currency pair, which accelerated the active impulse wave iii. EURJPY currency pair can be expected to fall to the next support level 156.00 (which has been reversing the price from August).
Short
by FxProGlobal
EURJPY at Key Support: Will Buyers Push Toward 159.570?OANDA:EURJPY has reached a significant support zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a demand area, suggesting the potential for a bullish rebound if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, we could see a move upward toward the 159.570 level, aligning with a logical retracement within the broader market context. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
Long
by DanieIM
1