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Japanese Yen/Euro

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JPYEUR trade ideas

Could EUR/JPY bounce from here?The price is falling towards the pivot which acts as an overlap support and could potentially bounce to the pullback resistance. Pivot: 172.42 1st Support: 171.99 1st Resistance: 173.27 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.
Long
by ICmarkets
EURJPY Long on 4HEXY has been observed Bullish on 4H whereas JXY is observed Bearish on the same TF. Therefore we have established a Long bias on EURJPY. Upon inspection of NYSE:H price chart of EURJPY, it has been printing HHs and HLs and started consolidating near recent HL. However, the pair is likely to resume the uptrend based on overall chart assesment. It may also be observed that the recent HL has been printed in the Golden Pocket of 50-61.8% fib. A long entry is planned on upward break of resistance level at 173.003-173.493. RRR of 1:1 is set. Entry, SL and TP have been proportionately marked on chart.
Long
by UsmanFarouk
EURJPY POSSIBLE BUYThe market is currently reacting to the structure plus there's a reversal chart pattern forming on the 4HR TF. Possible to see buyers coming in should the current level hold Let's see how this will unfold Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Long
by WiLLProsperForex
1
EURJPY Trade Signal: Buy OpportunityTraders, we have identified a promising trade opportunity for the EURJPY currency pair. Below are the details of the trade: Direction: Buy Enter Price: 172.224 Take Profit: 172.66633333 Stop Loss: 171.66733333 This trade recommendation is based on comprehensive analysis and the use of the EASY Quantum Ai strategy. Several factors contribute to our bullish outlook on EURJPY: 1. Technical Analysis: Recent price actions indicate a bullish trend supported by strong moving average patterns. The pair has broken key resistance levels which now serve as strong support, suggesting further upward movement. 2. Economic Indicators: The eurozone's positive economic data, including a recent surge in retail sales and industrial production, supports euro strength. On the other hand, Japan’s economic indicators show stagnation, thus favoring a weaker yen. 3. Market Sentiment: Sentiment analysis tools show a predominance of bullish sentiment among traders and institutional investors. Increased risk appetite is boosting demand for higher-yielding currencies like the euro. 4. Algorithmic Confirmation: Our EASY Quantum Ai strategy consistently signals a buy opportunity, corroborated by multiple algorithmic indicators pointing toward the uptrend continuation. Given these factors, we advise entering the buy position at 172.224 with a take profit level set at 172.66633333 and a stop loss at 171.66733333 to manage risk effectively. Happy Trading! Risk Disclaimer: Trading forex involves significant risk of loss and is not suitable for all investors. Ensure you fully understand the risks before trading.
Long
by ForexRobotEasy
Bullish rise?EUR/JPY has just bounced off the support level which is an overlap support and could potentially rise from this level to our take profit. Entry: 171.81 Why we like it: There is an overlap support level. Stop loss: 170.91 Why we like it: There is a pullback support that lines up with the 127.2% Fibonacci extension. Take profit: 173.24 Why we like it: There is an overlap resistance level which lines up with the 50% Fibonacci retracement. 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.
Long
by VantageMarkets
EUR JPY options Interesting situation with this pair as I am predominately looking for longs, but because there was two interventions by the Japanese it makes a taking any JPY crosses difficult to predict, and even if it does set up there is a good chance of getting taken out. So I am not sure weather to look for buys or sells. However from a technical point of view I would await a break out of either the daily support of 171.479 for the short entry or a break of 173.479. I always wait for a close of at least the 30m candle for confirmation
by garethwarnock44
EURJPY - Buy the dip? Are we going to pull back or just continue? Based on the charts and fundamentals we could have a small pullback but at the same time remain bullish. The Yen keeps getting hammered and will continue to go down. Only the BOJ can save the Yen but will this even be enough? We will see. Technicals → We are in an up sloping channel which we respect since beginning of '24 → We are at a resistance on that channel. Fundamentals → Last time BOJ intervened was in April '24. Even after being added as a currency manipulator watchlist from the US they will inevitably keep intervening. They simply have no choice! → Interest rate is still low in Japan and that will keep investors from investing in the Yen. → Outlook on DXY is neutral to slightly bullish in the short term but the main trajectory of volatility is the Yen not the USD. Trade → Buy the dips in key areas and for intraday traders any direction is possible. Your trading friend, Simba Trades
by Simba_Trading
1
EURJPY Weekly Analysis and OutlookEURJPY Weekly Analysis and Outlook Following a significant correction as forecasted in our previous analysis, the EURJPY pair is now poised for a continuation of its upward move. Traders should prepare for potential bullish opportunities as the pair resumes its positive momentum. Current Market Overview: The EURJPY has undergone a deep correction, bringing it to a more favorable level for buyers. This pullback has allowed the pair to gather strength, and recent price action suggests a shift towards renewed bullish sentiment. As the pair stabilizes and starts to climb, traders are monitoring for signs of continued upward movement. Expectations and Potential Scenarios: With the EURJPY set to continue its upward trajectory, several scenarios could unfold: Primary Expectation: Bullish Continuation: Following the deep correction, the EURJPY is expected to resume its upward move. This continuation could lead to higher price levels, offering traders opportunities to capitalize on the bullish trend. In this scenario, the pair might target previous highs and potentially move beyond, reinforcing the positive outlook. Alternative Scenario: Temporary Pullback: If the EURJPY encounters minor resistance and experiences a temporary pullback, traders should view this as an opportunity to reassess and look for entry points at lower levels. This minor correction could provide a better position before the upward trend resumes. Monitoring the price action closely will be crucial to anticipate this scenario. Conclusion: In summary, the EURJPY pair is positioned for further upward movement following a deep correction. Traders should watch for continued bullish momentum, which could signal continued gains and a shift to a positive trend. Keeping an eye on both bullish continuation and temporary pullback scenarios will be essential for effective trading strategies. Stay updated with market developments and adjust your positions accordingly. By Piptera Digital Solutions, Invest Wisely!
Long
by Piptera-Digital-Solutions
Could EUR/JPY reverse from here?The price is rising towards the pivot which acts as an overlap resistance and could potentially reverse to the 1st support. Pivot: 173.65 1st Support: 171.82 1st Resistance: 174.53 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