- EUR/JPY's marginal decline influenced risk aversion, as the pair fluctuates within a narrow range. - Downward trend persists, with potential supports at 157.03, 156.42 and 156.00 level. - Buyers aim to overcome hurdles at 158.00 and 159.00.
1. European underperformance relative to the US should weigh on the shared currency. 2. The Japanese currency was a significant underperformer during the global tightening phase, and so we believe the currency can become a significant outperformer during the global easing phase. 3. A likely hawkish monetary policy shift from the Bank of Japan later this year,...
Hello Traders! This is my idea related to EURJPY H2. I see a retracement from the resistance level of the channel and also a small retracement (15M - 30M), to close the imbalance and to react from OB. Now I see a good opportunity to execute a short trade until the price of 155.800. Traders, if you liked my idea or if you have a different vision related to this...
FX:EURJPY is forging a false resistance breakout amid a global bearish trend. Bearish volume is forming in the 158.38 zone Based on the fundamental background and strengthening of the Index dollar ( TVC:DXY ), the euro ( FX:EURUSD ) may lose ground. In such a case, on the background of euro weakening, Japanese yen ( FX:USDJPY ) may strengthen. Globally,...
Hello traders and the entire Tradingview community! Hope you had a great weekend! Taking a look at the EURJPY, we can see a price channel as indicated in my chart. The price channel has been working for more than 4 weeks now. As you can already see, price has reversed after hitting the upper trend line of the channel many times in the past. This time too, EJ...
EUR/JPY - M30 Chart - Rising Wedge Formation Price Breaks the pattern now. its Good chance to sell. Lack of Major News: So far today, there hasn't been any major news impacting the EUR/JPY pair. Thank You.
EURJPY formed a head and shoulders pattern after a strong bullish impulse. The violation of its neckline signifies the exhaustion of the market and a highly probable initiation of a correctional movement. I expect a retracement at least to 157.1 ❤️Please, support my work with like, thank you!❤️
Hello,Friends! The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 156.381. ✅LIKE AND COMMENT MY IDEAS✅
The EURJPY pair was trending quite steadily over the past year. After peaking in November 2023, there was a pretty sharp pullback in anticipation that we're exiting out of a high-rate environment. Those expectations seem quickly quashed as we enter 2024 and the upside breakout signifies further upside potential, especially as the upper range boundary continues to...
EURJPY get rejected by the resistance zone at the 158.500 level and closed red for the day. ----- I have a feeling it is going to break out the upcoming week and make new highs. ----- We might see some kind of small pullback before EURJPY blasts trough this zone. ----- Will be looking for long positions when this happens. ----- Let me know what you think!
I need to see a 4h Close above daily resistance and a HH close on a smaller time frame to validate an entry to go long. However from a fundamental point I would prefer to go short as I think that has a higher probability. In order to look for the short I would be looking for a 4h close below the 38.2% and the blue zone
Hello traders, I’m Dragos, I’ve been trading the markets for 4 years and I’m a profitable trader. I've been closely monitoring the GBPJPY pair and wanted to share some insights from my recent analysis. Here's a brief overview of my findings: 1. Weekly -The weekly has changed to bearish at the begining of december, but daily trends are showing bullish signs,...
Hello Traders! This is my idea related to EURJPY H4. I expect a retracement until the resistance level at the price of 154.000 and after that a Bullish move until the price of 158.400. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Hello,Friends! We are targeting the 157.692 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
The price could continue rising and break the buy entry and could continue to rise to the take profit level. Buy entry is at 158.329 which is an overlap support level. Stop loss is at 156.286 which is a level that sits below an overlap support. Take profit is at 161.536 which is an overlap resistance level that aligns with the 78.6% Fibonacci retracement...
Welcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year. The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we...
EURJPY Next Sell opportunity 158.00 - 158.52 Target will be +270 pips. get for as a 2 targets. Current situation Running with near the 4h resistance level. Pressure level is 158.50 and support level 153.85 If broke 4h resistance 158.50 enter for buy trade immediately.
EUR/JPY is rising towards a swing-high resistance from the overlap support level. Entry: 156.225 Why we like it: There is a overlap support level. Stop Loss: 155.268 Why we like it: There is a pullback support level. Take Profit: 158.360 Why we like it: There is a swing-high resistance level Please be advised that the information presented on TradingView is...