The EUR/JPY cross has seen continued growth for the third consecutive session, currently hovering around 165.10 as of the time of writing. This upward movement comes amid mixed Purchasing Managers Index (PMI) data from Germany and the Eurozone, which has contributed to the Euro gaining ground against the Japanese Yen.
Taking a closer look at the technical aspect,...
FX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term.
The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of...
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 165.54
Bias - Bearish
Safe Stop Loss - 165.99
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 164.75
About Used Indicators:
For...
Hello,Traders!
EUR-JPY is trading in an
Uptrend and the pair
Made a breakout of the
Key horizontal level of 165.243
And the breakout is confirmed
So I think that we will see
A further move up
Buy
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
After seeing a spike upside sweeping out liquidity, price swiftly caused a Shift in structure to the downside leaving some imbalances along the way, over time price has collectively moved back to the upside showing little bullish strength… Returning to my areas of interest i.e fib entry zone and supply zones. Dropping to lower tfs we have now made some additional...
✅EUR_USD is going up now
But a strong resistance level is ahead at 165.336
Thus I am expecting a pullback
And a move down towards the target at 164.650
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Here I have EURJPY on the Daily Chart!
Currently you can see price back up at the Resistance Area of ( 164.3 - 165.3 ) after having tested the Rising Support 4 times with each time successfully having Strong Bullish reactions ... this Price Action has formed what looks to me to be a Bullish Triangle Pattern!
Fundamentally, there's a lot to unpack but with JPY...
Hello,Friends!
EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. 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...
Trading 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...
OANDA:EURJPY
The price of the currency pair is expected to start a downtrend after reaching the resistance level of 164.911
Consider your risk management before entering a trade.
Pay attention to economic news and events that may affect the EUR and JPY exchange rates
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 164.86 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 164.12
About Used Indicators:
Pivot points are a...
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURJPY pair which is likely to be pushed down by the bears so we will sell!
❤️ Please, support our work with like & comment! ❤️
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 EURJPY has been overall bearish , trading within the falling flat wedge pattern in red.
Currently, EURJPY is approaching the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting a demand zone marked in green.
🏹 Thus, the highlighted...
Preferred direction: SELL
Comment: All previous long trades that we gave for this pair earlier have been closed. Today we are looking at the long-awaited short that so many have been waiting for. However, everyone needs to realize that we are considering this sell trade more in the short term. The global uptrend is strong and is likely to continue. Looking at a...
✅EUR_JPY has retested a key resistance level of 165.178
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 164.000 is likely
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
EURJPY is trading in range bound with 250 PIPS range.
some time ranges are the best things to play just buy the support and sell the resistance.
as this one is 250 pips range which can deliver fine risk to reward.
currently the price is at resistance level and being rejected due to selling pressure.
will the pair head back to support area ?
what you guys think of...
CHECK OUT MY BIO....
Knowledge Required to nail
OANDA:EURJPY
1, Good understanding of price Trend/directions
2, Absolute respect for Supports and Resistances
3, Knowledge of candle stick patterns
4, Discipline to use partial TP, SL
5, Discipline to wait for confirmations and only act when required
See the video for more.
EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop lower.
Sell entry is at 164.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 165.45 which is a level that sits above a multi-swing-high resistance.
Take profit is at 163.61 which is a pullback support that...
