eurjpy wait to brack the chanel and look for short*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.Shortby iminigham11Updated 9
EURJPY: Long Signal Explained EURJPY - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long EURJPY Entry Point - 161.42 Stop Loss - 160.91 Take Profit - 162.49 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
Long on EURJPY with CautionThis week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level. My Trade Plan on EURJPY 1. Long position initiated based on the 4-hourly chart. 2. Watching closely for any violation of 161.23, which could prompt a reevaluation. 3. Awaiting the market to hit the first target. Share your thoughts and trade plans for EURJPY. How are you interpreting the pattern? Let's continue the discussion!Longby RaynLimUpdated 2
eurjpy shortwelcome here is my eurjpy short idea its based on overall bearish market after bearish sequence price came back to test 61,8% fib price is trading weekly pivot lets see how this setup plays out Shortby Romanovic11226
Waiting for Short opportunitySince the first 5 waves is complete, now wait for ABC correction to be complete in order to go short Shortby Gold_Master2
Analyzing EUR/JPY Dynamics Post-Tokyo CPI SurgeAmid the bustling European trading session on Tuesday, the EUR/JPY cross finds itself grappling with a downward shift, slipping beneath the mid-163.22s. This move follows closely on the heels of the Tokyo Consumer Price Index (CPI) report for February, which has ignited speculations about an impending shift in the Bank of Japan's (BoJ) interest rate policy. The CPI surge signals a potential departure from the negative interest rate regime, thereby bolstering the Japanese Yen (JPY) and exerting downward pressure on the cross. Fresh data from the Statistics Bureau of Japan paints an intriguing picture, with the Tokyo CPI soaring to 2.6% year-over-year in February, a notable jump from January's 1.6%. However, when excluding Fresh Food and Energy, the CPI moderated slightly to 3.1% year-over-year in January from the previous 3.3%. This surge in price growth above the central bank's target for February has fueled speculation regarding the BoJ's first interest rate hike since 2007, bolstering the JPY against its currency counterparts. BoJ board member Hajime Takata has dropped tantalizing hints about a potential early shift in the central bank's policy, suggesting that the coveted price target is now within reach, warranting a change in monetary policy stance. However, BoJ Governor Kazuo Ueda remains cautiously optimistic, emphasizing the need for further data to validate the emergence of a sustainable wage-price cycle. Meanwhile, over in Euro territory, all eyes are on the European Central Bank (ECB) as it gears up for its March meeting later this week. Market watchers eagerly anticipate whether the ECB will maintain the main refinancing rate at 4.5%, with ECB President Christine Lagarde's recent remarks hinting at a continued struggle against disinflation. Lagarde stressed the importance of gathering more data before contemplating any rate adjustments. The market will be closely attuned to the forthcoming press conference, where any deviation from a hawkish tone could trigger selling pressure on the Euro (EUR) and cast a shadow over the EUR/JPY cross. In light of the current landscape, our analysis paints a picture of a potential JPY strengthening, possibly prompting a retracement in the EUR/JPY pair. Shortby FOREXN1Updated 1111
EURJPY Sell IdeaFollowing a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Sell decision.Shortby Uncle_JakezUpdated 11
EURJPY Buy IdeaFollowing a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Buy decision.Longby Uncle_JakezUpdated 6
EURJPY SELL FX:EURJPY Preference: After analyzing the price movement on the 2-hour time frame, it appears that the market is showing signs of a possible bearish continuation. The downward trendline has been respected by the price action, indicating that the momentum remains on the bear's side. Furthermore, the most recent rejection has resulted in the formation of a double top, which is a bearish reversal pattern. If the bearish pressure continues, we could see a retest of the previous lows, which could further reinforce the bearish trend. Alternative Scenario: If the price of a security drops to retest a previously established level of support that has held up in the past without breaking the previous lows, it could indicate that the market is about to turn around and move in the opposite direction. In other words, a trend reversal is possible.by TKProphet2
eurjpy short welcome here is my eurjpy short idea this idea is based on market is overall bearish, continuing moving bearish lets see how this setup plays out Shortby Romanovic11Updated 3
Long Expected Everything Is there, and all my opinion I will take my entry where I indicated.Longby KainePro0
EUR JPYLong structure I am waiting for the withdrawal of liquidity Expected entry to Buy at the price of 160,500Longby teriforexpremium0
Rising to resistance?EUR/JPY is rising towards the pullback resistance, could the price break resistance and climb higher? Pivot: 160.212 Support: 158.143 Resistance: 161.853 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.Longby ICmarkets6
BBMA + ICTICT: 1) Price Reacted in the level with Imbalance zone (@discount area <50% fibo level) after Breakout Structure (BOS) at TF Daily. BBMA: 1) at tf Weekly, price reject MA5/10 low (Reentry buy after CSA) 2) at tf Daily, price at low BB and EMA50 (lowest point to entry after Reentry zone) 3) tf 4H, Price in progress to make full cycle of BBMA. Wait price to return to the MA5/10 low for Reentry buy. Longby luqmankise90491
EURJPYWhile we have a bearish set up on the monthly charts, we are seeing signs of strong bullish correction that is about to mitigate a previous supply at 165. Despite the indication by Bank of Japan (BoJ) to raise rates in the future, we maintain a bullish bias in the short term. Our long term bias remains bearish after we get clear signs of reversals.by morrisgitau2
EUR/JPY SELLPrice is moving in a downtrend as you can see and has broken a level of support that has been tested multiple times. price pulled back in to it and gave me a entry on smaller tf. Shortby daangrauss114
EURJPY Buy forecast LOW - 160.373 Expected HOD is 161.850 Bullish trade - Counter trend trade Target pips - 135 pips Please Like share comment : Risk is 25-30 pips Stop loss (always take the stop loss if it hits ) Longby CFDPROPTRADERUpdated 4
Potential bullish bounce?EURJPY is approaching the support level that aligns with the 61.8% Fibonacci retracement, it is likely to bounce off this level and rise to resistance. Alternatively, if the price breaks below the pivot, it could continue to fall to the next support level Pivot: 160.382 Support: 158.564 Resistance: 163.542 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. Longby ICmarkets3
EURJPY Short Signal: Target 157Technical analysis of the EURJPY currency pair indicates a potential decline to the 157 level. Target Levels: Target 1: 157.96 Target 2: 157.60 Stop Loss: 160.50Shortby ChartSavant1110
EURJPY SWING BEARSNow would be good time to enter sells and exploit this bearish structure. Swing trade on M1.Shortby WealthCreationFX0
Eurjpy SetupThis is my Setup to go Long on Eurjpy. I would like to enter the trade based on Single Candle Order Block (SCOB).Longby Sikandarkoree1294
EurJpy Trade IdeaIf you’ve been keeping up than you know I was short on EJ last week and we were in the right direction! I did get stopped out though before price played in my favor lol It’s all good. I’m happy with the Ls as long as I know I was in the right direction! Personally looking to get into some short term buys if price can give some type of pullback or retest within the range. If all goes well I do wanna see if EJ can break the support to continue crashing to the downside since bullish structures were broken on the higher time frame. IF price manages to push back above 161.950 and retest than the range between 161.950 and 163.400 could definitely happen again. Longby OfficialJ233