EURJPYI'd say this one is neutral right now cause it's still within an uptrend channel it has a chance to break lower but for now it's flying through sky since Japanese yen collapsingby GlassICE5
EUR/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 165.989 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 115
Tracking Eur/JpyAfter the recent spike, sideways movement to a sell off in an overbought market, seems to be testing an interest of area once again Market sentiment is no longer in anyone's favor, it could go either way now Big trend is still bullish, experiencing a pull back at the moment, testing levels Short term sell off is in favor based on price action, as we get into levels on interests it be better to monitor consolidation areas if anyone missed that short sell entry, leave the playing field and observe areas first if bullish, it be better to wait for a much better set in the near future by JollyboneForex0
OPPORTUNITY FOR SELL EURJPYEURJPY still has the opportunity to grow, but now there is a chance to earn a short time by selling, We have these indicators for SELL opportunity: - Reflection from the top of the parallel channel (formed since 2022) - Low volume to continue the current direction - Resistance zone of last peaks (2007-2008) - Return/re-test to Year + 6M + 3M + 1M high We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips Shortby FXstrongUpdated 225
End of the week - Market analysis☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!07:22by Yelli_trades1
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