EURJPY FORECAST Next week we expect EURJPY open low, move back up till the mid of the week then continue to fall and close back above support
Eurjpyforecast
EURJPYEURJPY had a pullback where it gave an opportunity for entering. Will be expecting EURJPY to continue it downward trajectory, taking out the various low in order to make a new low.
#EURJPY:1000+ Pips Swing Selling Chance! Comment down your viewsDear Traders,
JPY has been bullish since this week, and will likely to remain bullish as we approach NFP. If DXY turns out to be bearish it will likely boost JPY to continue the bullish momentum. In short time, we expect price to drop further and make smaller correction towards our entry zone. Once it does that, we can then enter with accurate risk management.
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EURJPY Technical Analysis and Trade Idea Upon analyzing EURJPY, a robust bullish trend is evident on the weekly time frame. Notably, we’ve identified a clear breach in market structure on the 4H timeframes. However, it’s essential to acknowledge that this pullback might lead to an opportunity to get long in an over all HTF bullish trend.
Remember that this analysis is for educational purposes only. Always conduct thorough due diligence and adhere to risk management principles when implementing any trade ideas. 📈💡
EURJPY DAILY SETUPHello traders here is a setup of EURJPY as you can see the price has been in a bullish form for the past years and months for the EURJPY pair. The price has reached 170.000 for the first time since 2008 so I placed a resistance zone from that year to today, so now I will wait for the price to break this resistance zone and do a pullback then I will look for bullish opportunities.
EURJPY Technical Analysis and Trade Idea Upon comprehensive analysis of the EURJPY pair, we are currently observing a robust uptrend, particularly evident in the broader timeframes such as the monthly and weekly charts. Despite a transient retracement observed on the daily chart, indicative of bearish sentiment, the market trajectory has resumed its upward course. Notably, a decisive breach in market structure on the 4-hour chart suggests a potential shift in the short-term trend to bullish. Our latest video elucidates this trend progression, delves into the nuances of price dynamics, market structure, and fundamental principles of technical analysis. Concluding the video, we present a strategic trade proposition. Please note, the content provided herein serves solely for educational purposes and should not be construed as investment advice.
EURJPY: Asian foreign exchange decline, dollar stable; The Yen cJapanese Yen weakened after intervention, USDJPY increased
Markets are now looking for more information on Japan's inflation and wage growth to gauge whether the Bank of Japan will raise interest rates further this year, which is expected to bring some relief for the Japanese currency.
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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.
I'll show you the EURJPY where the buying force is holding down Hi friends, I brought the FOREX interesting charts
The buying force is making adjustments by beating the sell-off and rising.
If the Fibonacci 0.618 section is set as the primary target and breaks upward, the AB=CD pattern can reach the 1 value D
What is EURJPY's next move that is rising well?!Hello, guys.
This is ESS team.
We are cheering for your safe trading.
So, Let's talk about "EURJPY".
It is pleasure to RISING well.
Of course, We prepare for the EURJPY's next movement.
:::::::::::::::
Currently, It's RISING with middle line's support within the rising channel.
If candle is resisted at the GREEN line,
It could temporarily fall to the bottom line of the channel.
If it breaks strongly through the GREEN line OR the top of the channel, and RETEST,
The LONG position will be safe.
EURJPY - Bearish Crab Pattern Indicates Potential ReversalEURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias.
Bearish Crab Harmonic Pattern (XABCD):
The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely to reverse downwards from Point D. This pattern typically indicates a high probability of a trend reversal.
4-Hour Trendline:
The price is currently at a 4-hour trendline, adding confluence to the potential bearish scenario. A breach below this trendline could signal further downside momentum.
Entry, Stop Loss, and Take Profit Levels:
Entry: 165.900
Stop Loss: 167.060
Take Profit Levels:
TP-1: 164.720
TP-2: 163.600
TP-3: 162.450
Risk Management:
It's essential to adhere to proper risk management practices when executing this trade. Position sizing should be adjusted to ensure that potential losses are within acceptable limits relative to account size and risk tolerance.
Conclusion:
In conclusion, the technical analysis suggests a bearish outlook for EURJPY, with the formation of a Bearish Crab Harmonic Pattern and the price approaching a 4-hour trendline. Traders may consider selling at 165.900 with a stop loss at 167.060 and targeting take profit levels at 164.720, 163.600, and 162.450.
EURJPY: Asian foreign exchange increased thanks to the decline oYen falls as USDJPY heads in the direction of a hundred and fifty five
However, the Japanese Yen did little to enhance in opposition to the weaker dollar, with USDJPY buying and selling close to a 34-12 months excessive and close to the a hundred and fifty five level.
The yen weakened whilst a sequence of Japanese officers warned of presidency intervention to help the currency. Traders see USDJPY at a hundred and fifty five as in all likelihood to draw authorities intervention.
Yen weakens beforehand of this Friday`s Bank of Japan Meeting, wherein the important financial institution is predicted to go away hobby prices unchanged after a anciental hike in March. However, the outlook for inflation and boom stays uncertain. The financial system could be carefully watched.
SHORT EUR/JPY 165.59Trading FX is a risk/reward exercise.
And the greatest reward for the least risk is taking trades that relying on experience.
I've traded Fx for over 20 years so I recognize chart patterns and price movements without really thinking about hem.
If I was teaching how to trade FX I would be advising novice or inexpereinced tarderes NOT to take a trade like this but I'm shorting this pair for the following reasons.
a). Risk/reward is massively in my favour. I can get a SHORT trade on with a 20 pip STOP.
b). We are at WR1 Pivot area and this is a universally known area where SELLERS MAY enter the market.
c). The last 4 15m candles have been doji indecision candles.
d). RSI on multiple time frames is high (70 on H4 and high 60's H1, 30M, 15M).
e). 15M Andean Oscillator sees the red SELL line lifting away from zero.
Put these together and this "looks" a SHORT trade but there's always the chance EUR/JPY BULLS hace not finsihed with this pair.
f). we have a nice candle tweezer pattern on H1 right at resistance.
It should be noted that it's 24 years since this pair was at 165.60 so its highly likely that we are looking at a short term retracement but this could be back to the 200 EMA on M15 which would be 164.91 (+68 pips).
If this trade does take off and there is strong selling momentum then 164.50 is posssible.
EURJPY HEAD AND SHOULDERS BREAKOUT SHORTWe expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
EURJPY SELLWelcome . My analysis of the EURJpy pair on the four-hour frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
EURJPY Long (215-275 Pips)Thursday, 04.04.2024
We took the previous weekly low and touched my 8 EMA.
On the daily timeframe, we witnessed a strong rejection with momentum from my daily VWAP low.
Now, I wait for a pullback before buying. Currently, we are at a 4-hour resistance level, so I'll wait patiently, but my bias is long. There's a chance for a push down to hit my 0.382 Fibonacci level.
Passive entry module
EUR/JPY LongsEuro Looks Stronger then the Yen,
And We're Respecting Significant Discount Arrays, So am Long EJ.
EURJPYPair : EURJPY ( Euro / Japanese Yen )
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line
EUR-JPY - WEEKLY - Reversal from here?EUR-JPY - WEEKLY - Reversal from here?
I still reaming neutral bullish for EUR-JPY , i'l became bearish when we will see the first cut rate from ECB.
EURJPY BUYING ON DIPS FROM SUPPORTHELLO TRADERS
As I can see EURJPY is testing a strong support zone on Friday. we expected on Monday markets opening it will start to move upside till design given levels Friends it just a trade idea Kindly share Ur thoughts with us on EURJPY.
Stay Tuned for more Updates!!
EUR JPY TRADE SET UP EUR JPY has formed a double top at the weekly resistance level
The market has broken out of the neckline, we need to see a retest before looking for entry short.
EUR/JPY SELLING at 162.76EUR/JPY has been BULLISH since July of 2023 so its abrave man (or a fool) who calls the top on this particular pair.
That said the current wave of BUYING started earlier this month and there are clear signs that EUR/JPY BULLS are taking a breather.
The SELL signal line of the Andean Oscillator is rising and the green buy line is crossing south over the signal line indicating an increasing BEARISH influence.
MACD is mirroring this and also crossing south and the RSI on H1 which has been overbought for sometime is also heading south.
So all the technical indicators would suggest we're headed south from these levels.
However.
The 25 50 100 and 200 EMA's are all below price so EUR/JPY BEARS will have their work cut out to drive the price lower.
This trade will have to be carefully managed and exited if there are signs of support coming in.
There's no more scheduled news now until next week so once the markets have digested the green numbers of the Unemployment Claims and Flash Manufacturing PMI then whatever direction we 're going in should last for some time.
