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Eurjpyprediction

EURJPY Looking BearishEURJPY recently displayed a break in both the trend line and the support zone, followed by a subsequent pullback to the established zone. Despite encountering some market fluctuations, current indications suggest a potential downturn towards the specified level. Your thoughts and comments on this analysis carry significant value and are greatly appreciated. If you have any insights to share regarding the anticipated future movements of EURJPY, please feel free to contribute. Your input plays a crucial role in enhancing the overall understanding of the market dynamics for this currency pair.
Short
by HUMCRYPTOCLUB
Eurjpy: Price to continue the bullish trend? Eurjpy, have been bearish since last few months, therefore the current market pullback is short termed and that is why price moved back sharply, there are also other main factors that will influence the price of EURJPY, such as weaknening JPY as there is no sign of investors having any interest on buying the currency as long as DXY remain bullish. Here what we think of JPY in coming weeks: The JPY is expected to weaken against the USD in the week of October 2023. The USD/JPY pair is expected to rise to 140.00, as the US Federal Reserve is expected to continue raising interest rates, while the Bank of Japan is expected to keep its monetary policy unchanged. The Fed is expected to raise rates by 50 basis points at its September meeting, and by another 25 basis points at its November meeting. The BoJ is expected to keep its benchmark interest rate at -0.1%. The divergence in monetary policy between the two central banks is expected to weigh on the JPY. Additionally, the US economy is expected to continue to grow at a faster pace than the Japanese economy, which will also support the USD/JPY pair. Here what we think of EUR: The euro is expected to trade in a range between 0.95 and 1.05 against the US dollar in October 2023. The currency is likely to be supported by the European Central Bank's (ECB) decision to raise interest rates by 75 basis points in September. The ECB is expected to continue to raise rates in the coming months in an effort to combat inflation. However, the euro is likely to be weighed down by the ongoing war in Ukraine and the resulting energy crisis. The conflict is likely to continue to disrupt trade and economic activity in Europe, and could lead to a recession in the region. Overall, the euro is likely to remain volatile in the coming months, and investors should be prepared for further fluctuations in the currency's value. Want us to continue posting such ideas then please do support by following us and liking our ideas if you agree with them.
Long
by Setupsfx_
36
EURJPY Analysis to trade from this zones.{25/12/2022}Educational Analysis says EURJPY may go SHORT. According to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why SHORT? On the 1HR timeframe, the pair is making LOWER HIGH AND LOWER LOWS. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS PRICE WILL RANGE (FROM 124 - 148) IN THIS ONLY IF THE COMING DAYS GO NORMAL WITHOUT ANY BAD NEWS INTERRUPTION HAPPENING. HOW TO TAKE ENTRY ON THIS? In 15 min timeframe, the pair changes its character and the price push toward also couple breaks the primary structure
by VishalBudhrani
EurJpy- Close to a support breakIn my weekend analysis about Jpy crosses I said that we should keep a close eye on these pairs because, although UsdJpy is still in a strong up trend, cross pair may have topped. In EurJpy's case, yesterday the pair had a spike up, this spike was very short-lived lived and EurJpy reversed strongly and closed the day with a huge bearish engulfing. At this moment the pair is trading exactly in support zone and looks like pressing for a break. In such an instance, considering we had a month of range and distribution, we could see down acceleration, and the medium target could be 151.50. Interim support is at 154 and this level could also represent target for shorter-term traders.
Short
by Mihai_Iacob
19
Double top on EUR/JPY hourlyLast week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests it is a corrective move. momentum has turned lower on the 1-hour chart, so the bias on the 1-hour chart remains bearish below 158.53 and for an initial move to 157.80. We also expect lower prices given the structure on the daily timeframe.
Short
by CityIndex
EURJPY: Today!Last week, the EUR/JPY pair surpassed the level of 159.47 and reached 159.75 before experiencing a reversal. As of now, the downside movement has been limited above 156.85, resulting in a neutral bias for this week initially. If the price breaks below 156.85, it will shift the bias to the downside towards the 55-day Exponential Moving Average (currently at 156.17) and potentially lower levels. Conversely, if there is a break above 159.75, it will indicate a continuation of the larger uptrend instead.
Long
by Sphyn-Trader
4
EURJPY I Potential retrace and decline to downsideWelcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
11
EUR/JPY on the Hourly Chart: Support and Resistance ZonesSupport Levels: Support 1 @ 156.866: The level at 156.866 serves as an immediate support zone on the hourly chart of EUR/JPY. Support levels are where the price typically finds buying interest and may reverse its downward movement. Traders should keep a close eye on this level, as a breach below it could signal increased bearish pressure. Support 2 @ 156.023: Support 2, situated at 156.023, represents another critical support level. This level has historically acted as a significant point of price reversal. If Support 2 is breached, it may suggest the potential for a more substantial downward move. Resistance Level: Resistance @ 159.767: The resistance level at 159.767 stands out as a key level of resistance on the hourly EUR/JPY chart. Resistance levels are where the price often encounters selling pressure and may reverse its upward momentum. Traders should closely monitor this level, as a decisive move above it could indicate a bullish sentiment in the short term. Conclusion: Analyzing support and resistance levels is a fundamental aspect of forex trading. These levels provide valuable insights into potential price reversals and trend continuations. Traders in the EUR/JPY market should carefully consider the identified support and resistance zones outlined in this blog post. It's important to remember that the forex market is influenced by various factors, including economic data releases, geopolitical events, and market sentiment. Therefore, traders should complement their analysis with other technical and fundamental indicators to make well-informed trading decisions. Risk management is equally vital when trading forex. Traders should employ risk management techniques such as stop-loss orders and proper position sizing to protect their capital. Developing and adhering to a well-defined trading strategy is also key to achieving consistent success in the forex market.
by enclavefx_Analaysis
EURJPY End of Bull Run! Let's go Shorting. {31/07/2023}Educational Analysis says EURJPY may go Short according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Because Jpy fair value gaps are unfilled in a 1- hour time frame. Although last week EURJPY proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure. The Rectangle box is the Order block Analytical Trade would probably be Sell limit order at 157.850 Stop loss at 158.90 Take profit at 151.356. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Short
by VishalBudhrani