Bullish Flag Pattern in EURJPYBullish flag pattern observed in the EURJPY pair. There is no divergence observed so the pattern bullish pattern is likely to continue. Longby wakqas120
EUR/JPY - Breaking Limits ! A very symmetrical rise after manipulation1! Breaking bullish structures... It will break historical highs, we must stay tuned!!! Find your favorite entry pattern :D Keep it Simple! If you liked it, don't forget to follow me! :)Longby DAISTRUM114
loooking for long on rectangle*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Longby iminigham11Updated 7
~~~~ EUJPY UNIQUE IDEA ######EURJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURJPY. EURJPY had breaked the main Descending triangle pattern. In this move we can see gain upto 100Pips+ soon✍by Williamforex114
Golden Fibonacci Extension holds!The EURJPY and other XXXJPY pairs surged following the "speculated" BOJ/MOF intervention in European trade today. Although many pairs hit some key levels, the EURJPY was particularly interesting today. The EURJPY surged Sunday, April 28th when market reopened over the weekend and the EURJPY came within pips of the 161% Golden Fibonacci extension of the November 2023 highs to December 2023 lows at near 171.96. Sellers stepped in at the 171.60 level, only to be swatted back to the 167.25 level at writing. The fact is that the daily candle is a bearish outside day which officially puts the bulls on warning. A break back below the 165.39 level would signal a near term reversal may be in play. by ForexAnalytixPipczar1
LONG EUR/JPY from 166.87It may have escaped some traders notice that the JPY has been hammered in the last few months. So much so that GBP/JPY hit 200.49 earlier today, USD/JPY hit 160.00 and EUR/JPY hit 171.65. Some of these are historic highs, in fact USD/JPY is a 30 year high. I'm unaware of any intervention by the BOJ that would cause the 570 pip fall in USD/JPY (mirrored EUR and GBP) but all the signs are that JPY SELLERS are steaming back into this market and we may see a return to the recent highs. Getting LONG here looks a no brainer as we could see this pair go from WS1 at 166.00 all the way back to WR1 at 171.00 and maybe even higher. The major concern would be if the BOJ DOES intervene which would see the JPY rise sharply. So get LONG this pair with breakeven stops and with luck we could see a shed load of pips on offer. Longby forextraplaces5
EURJPY Cup and Handle Hello Traders! Let's delve into the EURJPY daily chart, where an intriguing opportunity is unfolding. The current setup illustrates a U-shaped pattern, resembling a classic cup and handle formation within an existing uptrend. A distinctive U-shaped pattern, indicative of a cup and handle formation. Noteworthy uptrend in the market, enhancing the validity of the pattern. Critical Price Level: The price is approaching a crucial breakout point at 164.308. Anticipation of a potential retracement, possibly forming a handle, before the decisive breakout. Scenarios to Consider: Two likely scenarios regarding the breakout: The price might experience a fakeout at 164.308, followed by the formation of a handle before a genuine breakout. Alternatively, the handle formation may precede the breakout. Implement stops strategically at the mid or below the breakout bar. Initial target levels: 62% at 171.140 and 79% at 172.867. Cup and handle patterns, especially on daily charts, hold significance. Fibonacci levels, when applied, often provide robust support and resistance, potentially influencing the market for up to six months. Keep a close eye on EURJPY as the cup and handle strategy develops. The market is showing promising signs, and potential opportunities lie ahead. 📊 Follow-Up Plan: Look out for possible retracements or the formation of a handle. Stay tuned for updates as the price approaches the critical breakout level at 164.308. 👁️ Stay Informed: Bookmark this analysis for future reference. Subscribe for timely notifications on further developments. 👍 Like and Share the Idea: If you find this analysis insightful, don't forget to like the post! Share with fellow traders to spread the word. 📈 Trading Reminder: Remember, trading involves risks. Always implement sound risk management practices. 🔔 Notification Squad: Be part of the notification squad to receive real-time updates. Let's navigate the markets together! Happy trading, and see you on the next update! TCPLTPLongby TradeChartPatternsLikeTheProsUpdated 6
EURJPY EURJPY is showing Bearish divergence and it break its Last HL plus its Trendline which shows potential break on uptrend sell on CMP with risk define previous highsShortby Trade_WithOsamaUpdated 2
EURJPYEURJPY can be buy from specified level as it give breakout of consolidation box. SL , TP mention in chart.Longby SignalEdgeUpdated 0
Tracking EUR/JPY 4/28/24Starting the week with a spike into the market, most likely taking out short sellers Big trend is still bullish Market sentiment is still bullish Currently the market is consolidating at these areas, no confirmation on how to trade at the moment, it be better to sit back and let things play out going into tomorrow Oversold condition would favor a pull back at some point in the week Maybe later we will see possible short opportunities if confirmation presents itself I prefer to sit back and monitor the market for now by JollyboneForex0
EURJPYEURJPY price is in the important resistance zone 171.400 if the price cannot break through. It is expected that in the short term there is a chance that the price will go down.Shortby Serana2324Updated 3
EURJPY Daily Trading Journal Analysis EURJPY Daily Trading Journal Analysis Price had a bull week energetically gravitate towards the 2008 buy stops. Almost achieved it. Its likely that price will take the buys stops for a weeks target. I am curious if price will continue its bull rise or turn around and gravitate towards Fridays created FVG.Longby LParnell113
Forecast: Strengthening of Japanese Yen Expected in 2024Hi Traders, This trade presents a comprehensive analysis and rationale for the anticipated strengthening of the Japanese Yen relative to the Euro in the current economic climate. Through an examination of key economic indicators, monetary policies, geopolitical factors, and trade dynamics, this analysis aims to provide valuable insights into the potential trajectory of the Japanese Yen against the Euro: Japanese Economic Resilience: Japan's economy exhibits resilience amid global uncertainties. Favorable domestic economic indicators, including steady GDP growth, controlled inflation, and stable employment rates, instill investor confidence in the Japanese Yen. Eurozone Economic Challenges: The Eurozone faces persistent challenges, including sluggish economic growth, political uncertainties, and structural issues among member countries. Concerns over fiscal policies and diverging economic performance within the Eurozone weaken investor sentiment toward the Euro. Safe-Haven Appeal: Amid geopolitical tensions or global market volatility, the Japanese Yen gains traction as a safe-haven currency. Investors seeking refuge from uncertainty flock to the Yen, driving up its value relative to riskier assets, including the Euro. Monetary Policy Divergence: The monetary policy divergence between the Bank of Japan (BOJ) and the European Central Bank (ECB) influences currency dynamics. While the BOJ maintains a cautious approach to monetary stimulus, the ECB may adopt more accommodative measures to spur Eurozone growth, potentially weakening the Euro against the Japanese Yen. Trade Dynamics: Shifts in trade dynamics, such as changes in bilateral trade agreements or fluctuations in export-import patterns, can impact currency values. If Japan experiences a trade surplus with Eurozone countries or implements policies to enhance trade competitiveness, demand for the Japanese Yen may increase, contributing to its strengthening against the Euro. In this scenario, investors closely monitor economic indicators, geopolitical developments, and central bank policies to anticipate fluctuations in the Japanese Yen and Euro exchange rates. The strengthening of the Japanese Yen against the Euro reflects a combination of domestic resilience, global economic dynamics, and market sentiment shifts favoring the Yen over the Euro. Trade carefully and watch the zones shown on the charts.Shortby TradeXMBLUpdated 202049
SELL EURJPY 💲💀💲 №341FX:EURJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubtShortby AltapovUpdated 2
SELL EURJPY 💲💀 №334FX:EURJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubtShortby AltapovUpdated 112
EURJPY in bullish trend EURJPY in bullish trend with no bearish divergence trading risk / reward 2% Longby shahmir5511
order for long*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Longby iminigham11Updated 4
FX: EUR/JPY - SELLFX: EUR/JPY - SELL A similar structure to the advance in November. Further notes on the chartShortby techpers1
EURJPY in the first half of 2024A glimpse of the EURJPY in the first half of 2024 Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you? by HamiratradingUpdated 6
I'll show you the EURJPY where the buying force is holding down Hi friends, I brought the FOREX interesting charts The buying force is making adjustments by beating the sell-off and rising. If the Fibonacci 0.618 section is set as the primary target and breaks upward, the AB=CD pattern can reach the 1 value DLongby EAGLE_S_SUpdated 4
EURJPY Trading Journal Analysis / Trade IdeaEURJPY Trading Journal Analysis / Trade Idea Checking this pair out. Price is about to top its all time recorded high back from 2008. Im so curious if it will reach the buy stop liquidity and continue the bull trend after fours years of a consistent pattern. Either way today its energetically gravitating towards that key level. Amazing delivery today and yesterday. Trade Idea Price reacted to the Red Folder News taking out the sell stops from the energetic impulse from late Thursday 23:20 candle in London creating the low at 4 am. Quickly reversing to consolidate until 7:15 reaction taking out sell stops. With recent sell side liquidity taken it seemed likely price would gravitate to key buy side liquidity. Watching the set up form at 10am with the classic 4 candle bullish order block that created a FVG. Price almost dipped to the low created but just shy. Waiting until 11:15 candle to enter trade at the.79 to ride it up my noted exit. Beautiful delivery. I anticipate that next week price will take the key level buys stops. Longby LParnell0
Following EUR/JPY This is my current following on EUR/JPY Bullish movements as of lates, still waiting on the next area of interest to confirm, most likely going into next week Market sentiment is still bullish Big Trend line is still bullish Most likely we will see a pull back sometime into next week, by that time I'll be able to upgrade the chart and track movements until area of interest is confirmed, I don't plan on making any trades at the moment, just sit back and spectateby JollyboneForex2
EURJPY RECTANGLE CHANNEL Hello Awesome Traders! Let's take a closer look at EURJPY today. The price action is currently indicating a rectangle channel, and excitingly, the price has just broken above the UPPER TRENDLINE at 165.363! Here are the key levels to watch: UPPER TRENDLINE BREAKOUT: 165.363 Mid: 163.803 LOWER TRENDLINE BREAKOUT: 162.294 With this breakout, we're eyeing potential targets: 38%: 167.316 62%: 168.510 This breakout presents an exciting opportunity for traders, potentially signaling a bullish momentum shift. Keep a close eye on price action as we monitor these levels for potential trading opportunities. Happy trading, and may the pips be with you! Longby TradeChartPatternsLikeTheProsUpdated 6