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Eurjpylong

EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can sell at 140.10 level before buying. After that you can BUY at 148.00 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
by benny_marshall
EURJPY TRADEWell here i used Fib tool to get another confirmation to enter a trade,we have fib 0.618+retest of daily zone+bullish engulfing,so triple confirmation,if u go to daily and u pull a fib from the low to the hi,0.618 alignes with my zone 144.287-always look as a zone not a LINE,i put the lines because if not my chart looks messy,and daily is retesting ,i only enter when 0.618 or 0.5 alignes,and only using fib sometimes to get multiple confirmation,here a bullish engulfing and a retest would be enough for me,didnt manage to publish the trade before i entered,if someone is interested i can do it most of the time,always glad to help and to share the knowledge
Long
by ZONE2ZONE
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can be SELL at 143.80 level before BUY. After that you can BUY at 148.00 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
by benny_marshall
EURJPY ForecastWe have two potential scenarios for the EURJPY. Unfortunately, none of them will give is a good trading opportunity in the short term. Scenario A The corrective cycle that started in October 2022 is not over, and we will see another wave down before ending wave 2 in the primary degree (green) What to do in scenario A? In this scenario, when the price reaches the green Inflection zone, we will buy EURJPY Scenario B This corrective cycle ended on January 2023, and we have already started wave 3 in the primary degree. What to do in scenario B? The EURJPY will need to break the highs created on October 2022 before looking for buying opportunities in a shorter time frame cycle. In conclusion, in the short term, we do not expect that EURJPY can provide us with good trading opportunities. We will continue analysing it for you and updating you accordingly if the market structure changes Please remember to do not to risk more than 2% of your account on each trading idea
Long
by TradingtheRightSide
experimenting with eurjpyI have analyzed the currency pair of Euro/Japanese Yen (EUR/JPY) and determined that it is currently showing an upward trend based on a technical analysis of the currency pair. First, let's examine the overall trend. Over the past six months, EUR/JPY has shown a steady increase, with the pair trading above its 50-day moving average and 200-day moving average. This is a bullish signal, indicating that the trend is up and that the pair is likely to continue its upward trajectory. Next, let's look at the recent price action. In the past two weeks, EUR/JPY has broken out of a symmetrical triangle pattern, which is a bullish pattern that signals an imminent uptrend. The break of the triangle is confirmed by an increase in volume, indicating a strong demand for the euro. Furthermore, the Relative Strength Index (RSI) is also signaling a bullish trend for EUR/JPY. The RSI is a momentum indicator that measures the strength of a currency pair's price action. Currently, the RSI is above 50 and trending higher, indicating that the euro is gaining strength against the Japanese yen. Finally, it's worth noting that the euro has been benefiting from an overall improvement in the Eurozone economy, with positive economic data releases and the European Central Bank's recent signal of a potential tapering of its asset purchase program. These factors are contributing to an increase in demand for the euro, which is driving the upward trend in EUR/JPY. In conclusion, based on the technical analysis, the EUR/JPY currency pair is exhibiting a strong upward trend, with a bullish signal from both the overall trend and recent price action, along with a strengthening euro. As a result, this may be a good time for investors to consider adding EUR/JPY to their portfolios.
Long
by da-bag
3
📌 Potential BUY setup for: EUR/JPY👩🏽‍💻Technical: The monthly and weekly time frames for EUR/JPY are showing bullish signs, with the MAs of 20/50 and 200 trending below. However, on the daily chart, the price is currently experiencing a pullback, indicating potential bearish pressure. The 1-hour consolidation further confirms the current market situation for EUR/JPY. 🎯 For an ideal entry: You should wait for the price to push higher and break through the resistance zone, also breaking the 4-hour moving average of 20.
Long
by fxtraderkristina
2