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Japanese Yen/Euro

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JPYEUR trade ideas

EJ, bound for a massive upside reversal in the next few seasons!EJ has corrected with so much weight after going parabolic on Q2 of 2024 (June 2024) -- peaking at an ATH of 175.0. There after a massive correction was warranted that has lingered for months ahead. Now based on recent long term metrics. EJ is now heavily showing some basing behavior from the current range at 157 zone. This is conveying already of a shifting structure on its price. It has created a triple bottom formation that spans 2 years! From this scenario alone you can sense the contextual direction it is about to undertake. Reverse to the UPSIDE. Based on its historical price movements - it has undergone what I called a transitional shift to new ascending channel. You can check the chart above for reference. We are now at that period. Expect some fresh series of price growth attempts from here on -- aiming to reclaim new high metrics. Best seeding season is NOW. Spotted at 157.0 TAYOR. Trade safely.
Long
by JSAL
EURJPYmonday will bring bank lending ,current account and economy watchers sentiment and wednesday will bring japanese M2 Money Stock y/y 1.3% 1.3% and Prelim Machine Tool Order. Japanese machine tool orders serve as a leading indicator of industrial production because they represent capital investments made by manufacturers in anticipation of future production needs. An increase in machine tool orders typically signals an expectation of increased demand for their products in the coming months or years. Here's how machine tool orders correlate with Japan's industrial production: Economic Growth: The performance of the Japanese manufacturing industry, as reflected by machine tool orders, has a direct correlation with economic growth. Increased demand for machine tools indicates a thriving manufacturing sector, which in turn leads to greater job creation, higher wages, and increased consumer spending. Manufacturing Activity: Machine tool orders reflect the level of investment and production in the country's manufacturing sector. As one of the world’s largest manufacturing powerhouses, Japan’s economic performance relies heavily on the success and growth of this sector. Leading Indicator: Machine tool orders are considered a leading indicator because they represent capital investments made by manufacturers in anticipation of future production needs. When companies order new machine tools, it typically signals an expectation of increased demand for their products in the coming months or years. Broader Economic Trends: The performance of machine tool orders can often be an early indicator of economic trends and future growth prospects. Superior machine tools are a crucial factor in manufacturing a wide range of machinery, so machine tools are viewed as having a critical presence far greater than their share alone would indicate. A decline in machine tool orders can indicate a slowdown in economic growth, potentially resulting in negative effects on currency exchange rates Several economic data releases could influence the EUR/JPY pair. Here's a breakdown of potential catalysts: Eurozone Sentix Investor Confidence: On February 10, 2025, the Eurozone Sentix Investor Confidence data was released and the ECB President Lagarde Speaks. ECB and BOJ Monetary Policy: Monetary policy decisions from both the European Central Bank (ECB) and the Bank of Japan (BOJ) significantly impact the EUR/JPY1. Keep an eye on any statements or policy changes from these central banks especially as big boss lagarde will speaks on monday. Eurozone Inflation Trends: Inflation trends in the Eurozone can sway the EUR/JPY forecast. Japanese Economic Data: Releases such as the Eco Watchers Survey and Bank Lending data out of Japan can also have an impact, ppi y/y( Producer Price Index (PPI), will be on the card this week as it measures Change in the price of goods sold by corporations Global Risk Sentiment: Overall global risk sentiment influences the EUR/JPY. Potential Scenarios to Watch For: Divergent Monetary Policies: Divergent monetary policies between the ECB and BOJ could create tricky situations for EUR/JPY. Yen Strength: Keep an eye on yen strength, as it can cause major JPY pairs to fall, including EUR/JPY. Technical Levels: Watch key levels such as the 160.00 handle; holding below this level could indicate a bearish outlook, with a potential drop to 155.431 ,146.867-152,743. please watch monthly chart and wait on 4hr for POE
by Shavyfxhub
2
EURJPY Approaching Key Support - Buying Opportunity Ahead?OANDA:EURJPY is approaching a key support zone, an area where the price has previously shown strong buying interest. The recent price action suggests that buyers may step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, a bullish engulfing candle, or long lower wicks, would increase the probability of a bounce from this level. If buyers regain control, the price could move toward the 160.080 level. However, a breakout below this support would invalidate the bullish outlook, potentially opening the door for further downside. This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in. Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective in the comments. Best of luck , TrendDiva
Long
by TrendDiva
1
EURJPY Will Grow! Long! Here is our detailed technical review for EURJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 158.366. Considering the today's price action, probabilities will be high to see a movement to 161.846. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EURJPY Will Explode! BUY! My dear friends, Please, find my technical outlook for EURJPY below: The instrument tests an important psychological level 159.31 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 160.59 Recommended Stop Loss - 158.73 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURJPY at Key Support: Will Buyers Push Toward 159.570?OANDA:EURJPY has reached a significant support zone, marked by prior strong price reactions and substantial buying interest. This level has historically acted as a demand area, suggesting the potential for a bullish rebound if buyers step in. The current market structure indicates that if the price confirms a rejection from this support zone, we could see a move upward toward the 159.570 level, aligning with a logical retracement within the broader market context. Traders should watch for bullish confirmation signals, such as bullish engulfing candles or higher lows, before entering long positions.
Long
by DanieIM
1
EURJPY: TP3 Hit +127 PipsUSD-JPY moved sideways ahead of President Trump and Japan’s Prime Minister Ishiba’s meeting. The JPY has held on to its gains from yesterday, and notably, it has been the best performing currency in the G-10 space this week. The overnight comments by BoJ board member Naoki Tamura also helped, as he flagged the need for more interest rate hikes (Bloomberg). Some market participants might believe the recent fall in US yields – on the back of US Treasury Secretary Scott Bessent’s comments on bringing down US 10-yr yields – could have driven the move lower in USD-JPY. However, by our estimates using historical elasticities, the narrower yield differential alone can explain about only half of the JPY’s c2.5% gain since the BoJ meeting. For USD-JPY, we think the market’s focus is on two other factors (beyond yields): (i) US-Japan relations, and (ii) GPIF asset allocation. On the former, Scott Bessent has already spoken to Japan’s finance minister and the BoJ governor. President Trump and Prime Minister Ishiba are set to meet later tonight and markets are on high alert for any potential discussion about USD-JPY (being too high). On the latter, the GPIF’s next 5-year investment plan will start in April 2025 and markets are speculating that the GPIF could start divesting from foreign assets to increase its allocation in domestic bonds. It is worth mentioning that the GPIF has an AUM of USD1.65tn. Given local investors are under-hedged the downward momentum in USD-JPY could quickly take a life of its own.
Short
by AccuTrade2000
EUR/JPY - Extremely oversold, it's time for a correctionHi guys we would be looking into EUR/JPY today. From a tecnical perspective we have a big gap that we need to cover, and to get back into the structured balance of the pair, an Ascending Channel is formulating giving us an indication that the price should increase. Entry: 158.600 Target 1: 159.600 Target 2: 160.600 Target 3: 161.600 As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Long
by DG55Capital
Lingrid | EURJPY short from PSYCHOLOGICAL levelThe price perfectly fulfills my last idea. It hit the target. The price broke through the psychological level at 161.000 before pulling back. Overall, FX:EURJPY is in a bearish trend, with the price consistently making lower lows and lower closes. I anticipate that the price may rise to retest the channel boundary, trendline, and resistance before continuing to decline and making lower lows. On the daily timeframe, the price filled the gap and then moved above the previous day's high, which could be a false breakout. Consequently, I expect a decline from this level, followed by a retest of the support. My goal is the support level at 159.500 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Short
by Lingrid
6