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Eurjpysignal

EUR/JPY Ascends Beyond 158.30 Amid Hawkish ECB CommentsThe EUR/JPY currency pair has edged above 158.30, largely influenced by ECB President Christine Lagarde's hawkish stance on inflation and interest rates. The pair faces resistance at 158.18 and could establish new trading ranges depending on upcoming economic data releases. The Bank of Japan maintains its loose monetary policy, offering a contrasting backdrop. TRADE IDEA DETAILS CURRENCY PAIR: EUR/JPY CURRENT TREND: Bullish above 158.30 TRADE SIGNAL: Conditional Buy 👉 ENTRY PRICE: 158.40 ✅ TAKE PROFIT: 159.40 ❌ STOP LOSS: 157.80 ANALYSIS: The EUR/JPY is trending upwards, buoyed by ECB's hawkish comments. Technically, the pair is experiencing resistance at the Tenkan-Sen line of 158.18. A breach above this line could signal strong bullish momentum. The risk-to-reward ratio is favorable with 1:2 (60 pip loss vs. 100 pip gain). FINAL THOUGHTS: The trade idea aims to capitalize on the pair's current bullish momentum and potential for higher moves. However, traders must exercise caution and keep an eye on fundamental economic releases that could influence market sentiment.
by RichDadph-FX
EUR/JPY Faces Downward Pressure: Support Looms Near 156.00The EUR/JPY currency pair faces short-term bearish pressure, declining to lows near 157.00. Key support levels emerge at 156.00, 152.50, and 151.40, marked by various SMAs. Despite the immediate downturn, the longer-term trend remains bullish, supported by the 200-day SMA at 147.51. The situation provides both short-term and long-term trading opportunities, all illustrated in the daily technical chart. TRADE IDEA DETAILS CURRENCY PAIR: EUR/JPY CURRENT TREND: Short-term bearish, long-term bullish TRADE SIGNAL: Sell (Short-term) / Buy (Long-term) Short-term (Sell) Trade: 👉ENTRY PRICE: 157.00 (Recent multi-day low) ✅TAKE PROFIT: 156.00 (55-day SMA) for a short-term trade, or 152.50 (100-day SMA) for a more extended trade ❌STOP LOSS: 158.00 (Just above the recent trading range) Long-term (Buy) Trade: 👉ENTRY PRICE: 156.00 (55-day SMA) ✅TAKE PROFIT: 160.00 (Psychological resistance level) ❌STOP LOSS: 154.00 (Below the 100-day SMA) ANALYSIS: Short-term (Sell) Trade: The recent decline in EUR/JPY and a break below the 157.00 level offers a short-term selling opportunity. The 55-day SMA serves as a near-term target. Long-term (Buy) Trade: The longer-term bullish trend and support at the 156.00 level (55-day SMA) provide an opportunity to buy, expecting a bounce and a return to the longer-term upward trend.
Short
by RichDadph-FX
Will EurJpy finally reach 160?Since the beginning of July, EurJpy has been pretty volatile with hundreds of pips fluctuations and at the end of the month, the pair even dropped 700 pips in only a week. However, the pair recovered and the trend remains extremely bullish. Mid-August is marked by a new local high and after a top around 159, a normal correction followed. This correction comes to confirm the recent break and now we can consider this old resistance support. As long as the pair stays above this support bulls hold the upper hand and the trend remains strong with a test of 160 very probable. In conclusion, buying dips near support could be a good idea and if we keep stop loss tight we could also have a very good risk: reward for such a trade.
Long
by Mihai_Iacob
6
EURJPY Long Term Buying Trading IdeaHello Traders In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET today EURJPY analysis 👆 🟢This Chart includes_ (EURJPY market update) 🟢What is The Next Opportunity on EURJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
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