EUR-JPY Will Grow! Buy! Hello,Traders! EUR-JPY retested the Rising support line and Is already making a Bullish rebound so As we are bullish biased We will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals114
EURJPY KEY🗝️LEVELS TO WATCH👀 AND WHY🤔 Hello awesome traders! It's been quite a ride with EURJPY since April 10, 2023. Let's delve into the charts and analyze some key levels to guide our trading decisions. Weekly Chart Analysis: The weekly chart reveals a symmetrical triangle pattern, which I previously shared on TradingView back in April 2023. This chart holds significance as it demonstrates a breakout on April 10, 2023, with the price remaining bullish ever since. I've highlighted two crucial Fibonacci levels: the 38% retracement level at 154.142, acting as support (marked in red), and the 100% extension level at 163.490, serving as resistance (marked in blue). Over my decade of trading experience, I've learned that these Fibonacci levels not only serve as potential targets but also as important support and resistance zones. Fibonacci analysis is instrumental in identifying these key levels. Now, as we examine recent price action, we must determine our trading bias. The 162% Fibonacci extension level at 172.687 hasn't been triggered yet. However, the 100% level at 163.490 may now be acting as support, indicating a shift from resistance to support. This shift influences our trading decisions, potentially favoring a bullish outlook. Daily Chart Analysis: Zooming into the daily chart, we observe a three drives pattern unfolding. Here, we apply Fibonacci retracements instead of extensions, using points A (160.215) to D (171.605). Currently, the price is hovering around the 62% retracement level (AD: 164.603), slightly above the support at 163.490. Additionally, the 78% retracement level (AD: 162.640) serves as a potential support zone. This bullish pattern on the daily chart aligns with the bullish sentiment seen on the weekly chart. On the H4 timeframe chart, we're witnessing further bullish momentum. Moving forward, it'll be crucial to monitor whether the price holds above these support zones. If so, we may anticipate a continuation of the bullish trend towards the 162% Fibonacci extension level at 172.687. Overall, by integrating Fibonacci analysis across different timeframes, we gain valuable insights into potential price movements and can make informed trading decisions. Let's keep a close eye on these levels and adjust our strategies accordingly. Happy trading! by TradeChartPatternsLikeThePros6
EUR/JPYThe current buying opportunity for the EUR/JPY pair lies at 164.507. This represents an advantageous entry point for traders looking to capitalize on potential gains. By setting take-profit levels at 165.000, 165.500, and 166.000, investors can strategically aim for incremental profits as the market moves in their favor. Additionally, implementing a stop-loss at 164.000 helps mitigate risk by limiting potential losses in case the market moves against the trade. With this well-defined strategy, traders can effectively manage their positions and optimize their chances of achieving successful outcomes in the foreign exchange market.Longby FOREX_trade_01138
EUR/JPY: Long-Term Buy Signal Holds StrongHello Everyone, Long-term prospects for EUR/JPY continue to favor buying, with an upward trajectory expected. Despite significant seller activity aiming to breach daily support, the current stance on EUR/JPY remains bullish, emphasizing its potential as a buy. TradeWithTheTrend3344 Longby TradeWithTheTrend33443
EURJPY - Bullish Divergence - Trend Line SupportFX:EURJPY has retraced to a daily/4 hr trend line support level after creating a higher high in a bullish trend. Bullish divergence has also formed on the chart indicating good potential for a continuation of the bullish rally! Longby Tempo_Trades2
What's the NEXT? EURJPYHello, friends! This is ESS team. EURJPY is ready for the next wave after a strong rally. Let's check what next happens. This is the EURJPY 4H chart. After breaking through the short bearish extended wave, the chart is currently being drawn in the bullish extended wave. After reaching 618 with the Fibonacci retracement, the 4H orderblock zone flips to convert resistance to support, the candle make consolidation and prepares to draw the next wave. If it break out the RED short-term trend line and then is supported the zone or the short-term trend line and rise, it is likely to rise up within the extended wave for some time. On the contrary, If candle is resisted at RED short-term trend line and breaks down the zone, There is a possibility that it may fall to the bottom of the wave.by ESS_pigletUpdated 2
DeGRAM | EURJPY channel testingEURJPY is moving in an ascending channel between the trend lines. Volatility has increased. The chart has fallen under a strong resistance level. We expect a decline after the resistance retest. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!Shortby DeGRAM117
Long EURJPY - 3 May 2024Am expecting EJ buys if we break above previous 1 hr high. apply proper risk management!!!Longby Kingsley_lotanna1
✅EUR_JPY POTENTIAL LONG🚀 ✅EUR_JPY is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is about to retest the rising support Thus, a rebound and a move up is expected With the target of retesting the level above at 165.000 LONG🚀 ✅Like and subscribe to never miss a new idea!✅ Longby ProSignalsFx2
Tracking Eur/Jpy 5/2-24Recently prices had met old daily support in the 164 zone Market sentiment supports going short Current trend is still short Big trend is still bullish I believe that a lot of traders are reacting a bit faster than usual, changing from short to a buy position as much as we are in an area of interest, there isn't enough information convincing me to buy at the moment graph has touched this area of interest just once, there wasn't any retest in this area to support buying, I'm pretty sure moving averages are still supporting going short, there hasn't been enough buying to turn any moving averages from short to buy from my observation it's better to sit on the sidelines and wait for better signals by JollyboneForex0
Elliott Wave Analysis on EURJPY Expects Support SoonShort Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally which ended wave 3. Wave 4 pullback is currently in progress with internal subdivision as a zigzag Elliott Wave structure. Down from wave 3, wave (i) ended at 170.41 and rally in wave (ii) rally ended at 171. Pair extended lower in wave (iii) towards 166.31 and rally in wave (iv) ended at 168.55. Final leg wave (v) lower ended at 165.6 which completed wave ((a)) in higher degree. Pair then bounced in wave ((b)) with internal subdivision as a zigzag in lesser degree. Up from wave ((a)), wave (a) ended at 167.99 and pullback in wave (b) ended at 166.34. Final leg wave (c) higher ended at 168.68 which completed wave ((b)) in higher degree. Pair extended lower in wave ((c)) with internal subdivision as 5 waves. Down from wave ((b)), wave (i) ended at 163.97 and wave (ii) rally ended at 167.38. Near term, as far as pivot at 168.68 high stays intact, expect pair to continue lower. Potential target lower is 100% - 161.8% Fibonacci extension of wave ((a)). This area comes at 159 - 162.7 area where support can be seen.by Elliottwave-Forecast0
EURJPYI'd say this one is neutral right now cause it's still within an uptrend channel it has a chance to break lower but for now it's flying through sky since Japanese yen collapsingby GlassICE5
EUR/JPY BEARS ARE STRONG HERE|SHORT Hello,Friends! EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 165.989 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 115
Tracking Eur/JpyAfter the recent spike, sideways movement to a sell off in an overbought market, seems to be testing an interest of area once again Market sentiment is no longer in anyone's favor, it could go either way now Big trend is still bullish, experiencing a pull back at the moment, testing levels Short term sell off is in favor based on price action, as we get into levels on interests it be better to monitor consolidation areas if anyone missed that short sell entry, leave the playing field and observe areas first if bullish, it be better to wait for a much better set in the near future by JollyboneForex0
OPPORTUNITY FOR SELL EURJPYEURJPY still has the opportunity to grow, but now there is a chance to earn a short time by selling, We have these indicators for SELL opportunity: - Reflection from the top of the parallel channel (formed since 2022) - Low volume to continue the current direction - Resistance zone of last peaks (2007-2008) - Return/re-test to Year + 6M + 3M + 1M high We define 3 goals: TP 1 = 80 pips TP 2 = 200 pips TP 3 = 400 pips Shortby FXstrongUpdated 225
Bullish Flag Pattern in EURJPYBullish flag pattern observed in the EURJPY pair. There is no divergence observed so the pattern bullish pattern is likely to continue. Longby wakqas120
EUR/JPY - Breaking Limits ! A very symmetrical rise after manipulation1! Breaking bullish structures... It will break historical highs, we must stay tuned!!! Find your favorite entry pattern :D Keep it Simple! If you liked it, don't forget to follow me! :)Longby DAISTRUM114
loooking for long on rectangle*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Longby iminigham11Updated 7
~~~~ EUJPY UNIQUE IDEA ######EURJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURJPY. EURJPY had breaked the main Descending triangle pattern. In this move we can see gain upto 100Pips+ soon✍by Williamforex114
Golden Fibonacci Extension holds!The EURJPY and other XXXJPY pairs surged following the "speculated" BOJ/MOF intervention in European trade today. Although many pairs hit some key levels, the EURJPY was particularly interesting today. The EURJPY surged Sunday, April 28th when market reopened over the weekend and the EURJPY came within pips of the 161% Golden Fibonacci extension of the November 2023 highs to December 2023 lows at near 171.96. Sellers stepped in at the 171.60 level, only to be swatted back to the 167.25 level at writing. The fact is that the daily candle is a bearish outside day which officially puts the bulls on warning. A break back below the 165.39 level would signal a near term reversal may be in play. by ForexAnalytixPipczar1
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. Longby forextraplaces5