Critical Zone for #EURJPYThe depicted zones are critical for #EURJPY .The price can react to them and can be entered in long/short positions. Up to your entry type and risk management set TP/SL. Do not forget that you cannot succeed in this market without proper risk management.02/12/2024by FarshidEMPTRD0
placed Buy Order based on Bullish Divergenceplaced Buy Order based on Bullish Divergence. its Always better to wait for new HH and setting up conditional pending order buy Stop but here i went with instant order upon formation of hammer after bullish diveregnce. time frame is choosen 15 minutes to do short term sculping.by Trade_With_Sherry0
EurJpy Trade IdeaCurrently looking to go long on EJ. With price being bullish last week and creating HLs and HLs above 160.175 it makes sense to go long especially with price ranging between 158.3 and 161.350. Price tapped into 160.4 which was the last support created above 160.175. I’m waiting on price to create a HL and break the HH created on lower times before entering for longs. Longby OfficialJ231
EuR / JPY Long Uptrend still in tact, looking for a 4h close and rejection from the blue line with a close and a sign of continuation on a shorter time frame, just need to volume to carry it back up to the 161.500 area or beyond. Longby garethwarnock441
Break, Retest, Confirmation with 4H Fib RetracementPrice tested the 4H Support which coincides with an Order Block and 0.5 - 0.618 Fib Golden Zone. Price is in an upward trend. It broke the 4H Resistance too. I think it will retest the 4H Resistance and head towards the Daily high at 161.444. After bullish candle confirmation on the 5 or 15 minute timeframe, I will enter a BUY and target 1:2. TP at 161.44. SL 159.557. If it breaks and retests the Daily high, it may head to the Weekly Resistance at 163.487. I will follow the above and wait for the retest and confirmation before entering a further Long. Alternatively, Take Partials at 161.444 and let it run to the next Key Level at the Daily Resistance. Always use proper risk management suited to your account size. Do not over leverage!Longby MsNelly1
EUR/JPY SELLERS WILL DOMINATE THE MARKET|SHORT 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 159.518. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals111
EURJPYso, it seems I took two trades too early. We ar in a daily uptrend canal. And there is a good chance, it will go south to the edge of the bottom yellow line. Next days and weeks we hopefully will see a more bullish bias. Longby adlafcamUpdated 2
EURJPY Will Fall! EUR-JPY is already making A bearish pullback from The horizontal resistance Of 161.404 and I think That we might see A further move down ! Shortby kacim_elloittUpdated 3
EURJPYJappy ramped on CPM Extended Indicator Usually if it starts off strong on London Open it continues Over Extended also Traders are 88% Short Main Target 324 pips away Will Target Order Block Area Quite a deep break of Support Should continue with out Pull back above Will See : ) Shortby NZ_Shareman110
EURJPY 01.02.2024 please make sure of them and do not risk, this is our analysis and ideas. Please observe the capital carefully and do not risk more than 1% of your capital Good luck to everyoneby HejaaaUpdated 7
EURJPY-SELL strategy 4-hourlyNo change in view. I feel we may see a move lower back to 159.07 short-term. The pattern resembles a "false bull flag" and this suggests we will see lower overtime. we can only not predict the movement before the decline, of course. Strategy SELL @ 161.00-161.30 and place SL above 162.00 and take profit @ 159.27. Shortby peterbokma1
Negative Real Rates Help Japanese Yen To Further EasingFed officials last week again signaled the U.S. central bank has no pressing need to cut rates. The message gave the dollar an extra tailwind that pushed the yen to a 10-week low as traders reduced bets on how quickly the Bank of Japan (BOJ) might raise rates. BOJ Governor Kazuo Ueda said on Friday there was a high chance for easy monetary conditions to persist even after the central bank ends its negative interest rate policy, which the market expects to happen as early as next month. The yen was little changed at 161 per Euro. Japanese Finance Minister Shunichi Suzuki said he was "watching FX moves carefully," uttering a well-worn phrase for the first time since Jan. 19. Traders were unfazed by the warning. The next major scheduled U.S. data release is CPI for January on Tuesday. Traders have all but ruled out a cut at the Fed's next policy meeting in March, versus a chance of 65.9% a month ago, according to CME Group's FedWatch Tool. It shows around a 60% chance of a cut by the Fed at its May meeting. By the way, short-term so-called 'real interest rates' (difference between BOJ Interest Rate ECONOMICS:JPINTR and Japanese YoY inflation ECONOMICS:JPIRYY ) turned pretty down in 2023 to minus 400 b.p. (45-years lows) - levels that were not seen in Japanese economics since mid-1970s (right hand side). In this time Japanese, 'a real interest rate' is around minus 270 b.p. and still very far below neutral Zero-level. 💡 The real interest rate is an interest rate that has been adjusted for inflation to reflect the real cost of funds to a borrower and the real yield to a lender or an investor. 💡 The main technical graph (left hand side) indicates on very strong bullish momentum over the past 3 years due to pro-inflation fears, that perhaps will push Fx FX:EURJPY pair further to its main targeted 185-yen level. 💡 30- and 60-day correlations between FX:USDJPY and FX:EURJPY are above +0.70, the two currency pairs tend to move in tandem. A rise in EUR/JPY should also see the cross climb. by Pandorra2
EURJPY LONG IDEAI posted this setup previously, the market follows structure and is very bullish at the moment. the market is busy forming a double top pattern but, if the structure is broken and the double top is not respected, wait then for the retest on BOS and go long to the high! If you are interested in my setups and would like to learn my strategy and how I see the markets, hit me up in the comments!Longby NasdaqBass3
EURJPY LONG - MORE JPY WEAKNESS!Waiting for a break and retest at 160.261 to long EURJPY back to 4H swing high at 161.738 If you agree drop a like and if you have any questions leave a comment :)Longby mikoaodu2
EURJPYWe are looking for selling opportunities as we are on a diagonal resistance resulting in sellsShortby officialpotego_fx0
✅EUR_JPY POTENTIAL SHORT🔥 ✅EUR_JPY is approaching a supply level of 161.756 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bearish bandwagon just on time to get the best Risk reward ratio for us SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx14
EURJPY TRADE SETUPwait for break and retest then take a trade for market bias otherwise skip this setupby JinnatAlamSumon111
EURJPY : Price Action Analysis & Bullish Continuation 📈The EURJPY currency pair has shown two bullish patterns. Initially, it traded within a falling wedge pattern, and then it formed a cup and handle pattern within the wedge. However, the price broke both the neckline of the pattern and a resistance line of the wedge with two consecutive 4-hour candles. As a result, I anticipate a bullish continuation up to the level of 162.00.👍✅Longby linofx13317
EURJPY IDEA 11TH FEB 2024This is a look into eurjpy for the next week coming and what we could be looking out for . THIS IS NOT FINANCIAL ADVICE Long05:05by Technicalrayner1
EUR/JPY Possible retracement before!EUR/JPY is displaying a bullish trend in perfect harmony with the weakening Yen Futures contracts. Anticipate a potential pullback to the 160.20 level, setting the stage for a bounce to even higher prices in the upcoming days. Chris p.s. stay vigilant for favourable market opportunities.Longby christrader885
EURJPY short to longDAILY: -De overall marktstructuur is bearish -Ook op de kortere termijn zijn we bearish en hebben we de ic/schouder 1 nooit geretest -De eerst bearish reactie kwam van een ic die ook nog nooit was geretest (zie zwarte lijn) -we hebben ook een -68fib completion wat aantoont dat de bulls tevreden zijn en hun winst gaan nemen 4H: -Eerst wil ik duidelijke aanwezigheid zien van de bears voordat ik de HS ga nemen Shortby Cgaetan984
EURJPY LONGDAILY: -Patroon in patroon => BM / IHS -Sterke bullish move na een descending channel WEEKLY: - 4/4 - vooral de candle close en zone tonen mij aan dat de bulls zeer veel kracht hebben 4H: -Ideale scenario is correctief naar deze zone en eventuele fib completion entry Longby Cgaetan980
EURJPY: TECHNICAL ANALYSIS.Hello traders, Wave 4 has probably ended at 158.079 zone. Wave 5 is aimed at getting to 163.490 zone. Thanks.Longby MASTERPIECE101