Japanese Yen/Euro
MARKET PHASE OANDA:EURJPY is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above...
In Monday's Asian session, the EUR/JPY pair maintains a positive stance near 162.55, trading with strength below the resistance zone of 162.00. This uptrend is fueled by investor optimism surrounding the potential shift in the Bank of Japan's (BoJ) monetary policies, expected to occur in March or April. The BoJ's upcoming interest rate decision, scheduled for...
👉Examining the trend in the four-hour time frame, EUR/JPY has crossed the resistance barrier of the bearish cloud of the Ichimoku indicator and seems to have targeted the resistance range of the previous ceiling in the range of 163.71-163.43.
Hello,Friends! The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 161.214. ✅LIKE AND COMMENT MY IDEAS✅
My analysis on EUR JPY, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
Hello,Traders! EUR-JPY is trading in an Uptrend and the pair broke The key horizontal level Of 161.770 and went Further up so the breakout Is confirmed and which reinforces Our bullish bias and makes us Believe that we will see A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
EUR/JPY could fall towards a potential breakout level and drop lower from here should we see the BoJ finally raises interest rates today (19th March). Sell entry is at 161.877 which is a potential breakout level. Stop loss is at 162.800 which is a level that sits above an overlap resistance. Take profit is at 160.380 which is a pullback support that aligns...
The EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88. If it fails to close above...
My analysis suggests that EURJPY will soon reach the level of 160.651. If the HAMER CANDEL on level, buy position However, if the price to break above this level, there is a possibility of a downward movement and entering a short trade. Set stop-loss and take-profit levels for your trade. Pay attention to economic news and events in Europe and Japan. There...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hello! Based on the formation of the CHOCH structure and the identification of key supply and demand zones, I have analyzed the EUR/JPY pair on the 1-hour timeframe. If the price can reach the demand zone and receive confirmation, we can consider entering a long position. The potential targets could be the supply zones, which act as significant resistance...
EURJPY is rising towards an overlap resistance, price could potentially reverse from this level and drop towards the support level. Sell entry is at 161.722 which is an overlap resistance that aligns closely with the 50% Fibonacci retracement. Stop loss is at 163.451 which a swing-high resistance. Take profit is at 160.256 which is the overlap support. High...
Hello traders, we want to check the EURJPY chart. The price is moving in a downward channel and has pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 160,600. Good luck.
EURJPY has so much room to fall as we are right at the resistance. Target is around 152.00
Hi there, It seems to start a big C correction wave. and we could enter to a long term short position. sell it at 148-148.5 TP1 138 TP2 135 TP3 (final) 125 SL 150.8-151 Be success guys. we glad to see your comments here.
Hello,Friends! EUR/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 4H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 160.846...
EURJPY adhered to the supply zone's boundaries and executed a bearish breakout from the rising wedge pattern. Consequently, we anticipate a downward retracement following the confirmation received.