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Japanese Yen/Euro

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JPYEUR trade ideas

Bearish drop off overlap resistance?EUR/JPY has reacted off the resistance level which is an overlap resistance and could drop from this level to our take profit. Entry: 162.13 Why we like it: There is an overlap resistance level. Stop loss: 164.38 Why we like it: There is a pullback resistance level that aligns with the 138.2% Fibonacci extension. Take profit: 159.34 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
EUR/JPY 4H Timeframe AnalysisEUR/JPY 4H Timeframe Analysis Trend Analysis: The EUR/JPY pair is currently in an uptrend, having successfully broken the downtrend with a breach of minor key resistance at 158.000, which has now turned into support. The formation of higher highs and higher lows confirms this trend change and indicates bullish momentum. The recent break of the next minor resistance at 159.4 confirms that buyers have stepped in, with price action moving towards the next major key level at 161.100. Additionally, the concept of manipulation or liquidity grabs at key levels is crucial. The price has temporarily broken through significant levels, hunting stop losses before reversing direction. This stage has already occurred, and the price is now poised to break the major key resistance. Price Action Expectation: We are observing liquidity forming below the major key level. We are waiting for a breakout above 161.100 to confirm the continuation of the uptrend. The plan is to place a buy stop order at 161.430, just above the major resistance, allowing entry once a move beyond this level is confirmed. A stop loss is considered below the liquidity at 160.700, which is a strategic location for risk management. Trade Setup: Trade Type: Buy Stop Entry Price: 161.430 (just above the major resistance after a breakout) Stop Loss: 160.700 (below the liquidity zone) Take Profit: At the next major resistance level Additional Considerations: You also mentioned a potential bearish flag pattern, which suggests a possible short breakout in the future. However, more confluence or confirmation is needed before placing sell orders. The flag pattern could signal a potential reversal, so it’s important to wait for confirmation, such as a break below a support level or a bearish candlestick pattern, before acting on a short setup. Conclusion: The USD/JPY pair is exhibiting bullish momentum, supported by technical indicators and a favorable fundamental outlook. Key economic indicators from the US, such as PMI, retail sales, and the Federal Funds rate, will significantly influence market sentiment and the USD's strength against the JPY. Traders should remain vigilant for potential breakouts and ensure proper risk management strategies are in place. Fundamental Outlook: The upcoming BOJ (Bank of Japan) Policy Rate decision this Thursday is likely to impact the EUR/JPY pair. If the BOJ maintains its ultra-loose monetary policy with no changes to rates, we could see the JPY remain weak, supporting the continuation of the EUR/JPY uptrend. However, if the BOJ signals a shift towards tightening or offers hawkish commentary, we might see JPY strength, leading to a pullback in EUR/JPY. Market sentiment will be crucial—hawkish news from the BOJ could trigger a risk-off move, benefiting the JPY, while dovish news may encourage a risk-on sentiment, driving EUR/JPY higher. Traders should remain cautious around the BOJ release, as volatility could lead to price manipulation or liquidity grabs, particularly near the 161.100 resistance level.
Long
by RebornFXTrader
EURJPY Will Go Lower From Resistance! Short! Take a look at our analysis for EURJPY. Time Frame: 8h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 161.281. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 159.582 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
2
EURJPY: Capturing BOJ decisionsFrom technical perspective, the price moved to significant orders in the past. And once reach there, there's bearish engulfing candle formed. To see inclination of price movements coherently: 1. GDP of Euro Zone in stagnant level without significant increase or decrease (demand in EURO is stagnant) 2. Japan CPI keeps growing (demand in YEN) Therefore, there's possibility liquidity created first there with bearish engulfing, signifies bearish movement ahead.
Short
by kolabid
EURJPY Set To Fall! SELL! My dear subscribers, My technical analysis for EURJPY is below: The price is coiling around a solid key level - 161.37 Bias - Bearish Technical Indicators: Pivot Points High anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 159.91 My Stop Loss - 162.19 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
EURJPY SELL Smart Money Concepts (SMC)In modern trading, especially within the Smart Money Concepts (SMC) methodology, terms such as Order Blocks, Imbalances, Breaker Blocks, and Inverted FVG (Fair Value Gaps) are widely used. Below is a detailed explanation of each: --- 1. Order Blocks An Order Block is a zone on the chart where large institutional investors have left "traces" of their operations, meaning a place where there was a concentration of buying or selling activity. It is typically the last candle before a significant price movement. Bullish Order Block: The last bearish candle before a strong upward movement. Bearish Order Block: The last bullish candle before a strong downward movement. How to use: Price often returns to order blocks before continuing the trend. Order blocks are used as potential entry or exit zones. Example: If the market is falling and a sharp reversal upwards begins, the last red candle before this rise is the bullish order block. --- 2. Imbalances An Imbalance is a zone on the chart where demand and supply were sharply uneven, creating "gaps" in the market structure. These zones are often referred to as FVG (Fair Value Gaps)—an area between the wicks of the first and last candles of three consecutive candles, where the middle candle does not overlap with the first or third. It is believed that the market tends to fill these gaps, meaning the price often returns to these zones before continuing its movement. How to use: Imbalances can serve as a reference for identifying potential retracement zones. Enter a position when the gap is filled. Example: In an uptrend, if the price rises sharply, creating a gap between the wicks of candles, traders can expect the price to return to this area. --- 3. Breaker Blocks A Breaker Block is a zone that forms when the market breaks a key support or resistance level and begins moving in the opposite direction. They appear where an order block was "broken." Breaker Blocks indicate that the previously dominant trend has been broken, and the market is preparing for a new movement. They can also be used to filter valid order blocks. How to use: After an order block is broken, the former support/resistance zone can serve as an entry point after a retest. Used to identify trend reversals. Example: In an uptrend, if the price breaks below the previous bullish order block, it becomes a bearish breaker block. --- 4. Inverted FVG (Inverted Fair Value Gap) An Inverted FVG is a zone where the market provides excessive liquidity in the opposite direction, creating an opportunity for "smart money" to trap traders in the wrong movement. An Inverted FVG occurs when the market "absorbs" liquidity, making traders believe the trend is continuing, but it is actually a manipulation before a reversal. It is used to analyze price manipulation and find entry points against the "trap." How to use: Enter after the price has covered the FVG zone and confirmed a reversal. Inverted FVGs often appear in zones that collect stop losses. Example: In an uptrend, the price sharply breaks a resistance zone (creating an FVG) but then reverses back and moves downward. --- Conclusion Order Blocks and Breaker Blocks help identify zones where large players may enter the market. Imbalances highlight areas where the price might return to balance demand and supply. Inverted FVGs help traders avoid traps set by large players and enter the market more strategically.
Short
by Tonksovave
Bearish drop off overlap resistance?EUR/JPY is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 162.12 1st Support: 160.34 1st Resistance: 164.02 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURJPY Rises Anticipating BOJ Interest Rate DecisionEURJPY Rises Anticipating BOJ Interest Rate Decision After struggling for three days without any clear direction, EURJPY began another bullish wave today. The market is anticipating the BOJ interest rate decision scheduled for Thursday, December 19. Considering BOJ comments showing hesitation to increase rates during this meeting. This is a strong reason why we see all the XXXJPY pairs today rising again. EURJPY may continue to rise during the coming days up to 162 and 163 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
5
GBP/AUD Short, CAD/CHF Long, NZD/JPY Short and EUR/JPY ShortGBP/AUD Short Minimum entry requirements: • If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it. CAD/CHF Long Minimum entry requirements: • Corrective tap into area of value. • 4H risk entry. Minimum entry requirements: • Tap into area of value. • 1H impulse up above area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. NZD/JPY Short Minimum entry requirements: • Break above area of value. • 1H impulse down below area of value. • If tight 5 min continuation follows, reduced risk entry on the break of it. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it. EUR/JPY Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of value. • If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
by StewySongs