FX: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!
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Hello 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
OANDA:EURJPY is in overall bullish trend, forming a strong ascending trendline. Recently, after a strong bullish move, It has been retracing towards discounted fibonacci levels. It might continue its bullish momentum from these levels after trendline retest where we can look for long opportunities.
My dear followers,
This is my opinion on the EURJPY next move:
The asset is approaching an important pivot point 164.62
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long ) signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 166.50
About Used Indicators:
For more efficient signals,...
Japanese 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.
I will look all the yen pair based on my analysis on usdjpy.
As USD/JPY has higher interest differential compared to eur/jpy ,so it would follow similar pattern.
this is the usd/jpy analysis
So I think there is an opportunity to get into the countertrend setup to the level of resistance before we analyze for short!!
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✅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🚀
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EURJPY is at a very tricky area of 165.474 ,from this area we have the 200 SMA above it which indicted we could still get more sells but if price breaks above the 200 SMA at 165.474 area we shall see buys towards 168.960 but if the area holds we shall see sells towards 162.511
Simple design with potential zones of influence for the price action for support/resistance. Hoping to catch at least 3 turnarounds/reversals at the marked levels/zones.
Vertical rectangles are more like time stamps although they also can provide similar evolutions of events if the price touches them. Although this is not just experimental, it should also be...
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...
#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✍
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...
It 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...
