Good analysis and strategy, please read it carefullyHello, trader. EURJPY is not making any clear highs or lows consecutively, therefore support and resistance trading strategy is suitable.by Trader-meknitordaUpdated 111
EUR/JPY For Bearish as Pull-Back Correctionyou can go short now and take any target or until higher low created at red arrow or in fibo range (50:61) - General Trend is Up Trend - use low trade size this is just for correction or pull back mean against the general trend have fun :)Shortby maxbayne112
Eurjpy buyEurjpy looking for another pushup our last analysis got TP successfully 😀 Next another W patter conformation for buy momentum also jpy currency looking too weak Longby DNA_Trader_Officials111
EURJPY SidewaysEURJPY is not making any clear highs or lows consecutively, therefore support and resistance trading strategy is suitable.by ruba_hasan960
EURJPY Analysis - Selling OpportunityEURJPY Analysis - Selling Opportunity Open: 170.40 SL: 171.90 TP: 162.95Shortby ahmedqotb1981Updated 5
EUR/JPY pair with a sell position initiated at 170.500EUR/JPY pair with a sell position initiated at 170.745. Your strategy includes three target prices (TP) for potential profit-taking: 170.645, 170.545, and 170.445, demonstrating a methodical approach to maximizing gains at different price levels. Alongside these profit targets, you've established a stop loss (SL) at 171.000, emphasizing the importance of risk management within your trading plan. This meticulous arrangement indicates a structured and well-thought-out strategy, reflecting a commitment to navigating the forex market with precision and foresight. By incorporating both profit targets and a stop loss, you're aiming to capitalize on market movements while safeguarding against potential losses, showcasing a balanced and disciplined approach to trading. Your attention to detail and risk mitigation strategies suggest a seasoned understanding of market dynamics and the importance of managing trading positions effectively.Shortby FOREX_trade_01Updated 44134
EURJPY - SELL IDEAThe EURJPY (Euro to Japanese Yen) 30-minute chart indicates a potential short trade setup using Elliott Wave Theory: - The chart displays a complete Elliott Wave sequence (1)-(5), indicating the end of an upward movement. - After the completion of the 5th wave, a corrective wave (a)-(b)-(c) is expected to occur. - The Fibonacci retracement levels for wave (a) are projected as follows: - 0.382 at 170.259 - 0.5 at 170.109 - 0.618 at 169.959 This setup suggests a potential short trade targeting the specified Fibonacci retracement levels as the entry points for the correction phase. Shortby SignalsProviderUpdated 5
Yen Nears Record Low Versus Euro on Divergent Monetary PoliciesThe Japanese yen (JPY) is nearing its all-time low against the euro (EUR), driven by differing monetary policies between the Bank of Japan (BOJ) and the European Central Bank (ECB). While the BOJ's interest rates remain significantly lower than those in the Eurozone, the ECB's cautious approach to rate cuts supports the euro. Key Points: - Interest Rate Divergence: The BOJ ended its negative interest rate policy in March, but its rates are still much lower than those in Europe. This gap weakens the yen against the euro. - Carry Trade Dynamics: Low yen volatility boosts carry trades, where investors borrow in yen to invest in higher-yielding euro assets. - ECB's Rate Cut Outlook: Internal debates within the ECB about the pace of rate cuts add uncertainty but overall support the euro. - Yen Intervention Risks: Potential interventions by Japanese authorities to support the yen could moderate its decline. - Economic Assessments: Mixed economic data from Japan and strong wage growth in Europe provide additional support for the euro. Market sentiment is bullish on the euro against the yen, with positions indicating expectations of further euro strength. The EUR/JPY pair remains firm at around 170.00, benefiting from both fundamental and speculative support.Longby signalmastermind0
TRENDING DOWN MAYBE IF SO WHAT IF THEN NOW HI!fdafda 4 to 1 risk reward This is forex trading on this day, not day o fthe day yesShortby outGbox3
EURJPY POSSIBLE BUY OPPORTUNITY!Price has been maintaining a bullish strength for past few days now and currently trade at 170.570 a buy opportunity is envisaged from the current market price. Target is 171.200 level.Longby Cartela0
TRADE SIGNAL - BUY EURJPYWeekly and daily price bars has not moved bullish at all (no top wick), and price seats currently on psychological level 170.000. There are chances that price has found support at that level. If so, then expect a bullish swing up to 171.000 in the coming hours or days. Confluences (A.K.A checklists) to look out for: ✅Price at psychological level? ❌Has there been a recent intraday range? ❌Do you see 30 mins or 1 hr price bar closure outside recent range? ❌Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the left-hand-side been identified and marked as potential problem area/TPx? Go long only when you tick out this checklist!!! Trade parameters: Buy @ 169.982 - 169.781 Flex SL 169.449 Final TP 171.002 Warning: 1. trading derivative could result to loss of your capital, kindly apply caution and use only the money you can afford to lose. 2. Previous performance is not a guarantee that my signals will profit you. Accept and implement this idea at your own risk. 3. You are advised to apply proper risk management while trading derivatives...!!! BR, Kings Learn how to trade. See my signature below or visit my profile for more detailsLongby Kingsley_lotannaUpdated 114
Trade 3. GBPJPYEntry: - Setup RB Exit: - Trail SL and exited at BE with 0.0R Notes: - probably exited too soon, without a technical perspective.Longby huypham251
EURJPY-bias longBullish indications: Resistance broken at 169.931 HHHL Consolidation break out Support respected at 169.258 4 hr time frame formed with double bottom with the hammer/engulfer candle. Bearish indications: Bearish divergence. Trade plan bias long @ 169.914 SL:169.288 TP1:170.599 TP2:171.247 Longby gouthamkulal1Updated 7
EURJPYEUR/JPY is showing strong bullish momentum with potential for further gains, and a strong uptrend, with moving averages indicating a continuation of this bullish momentum. Key support levels are noted at 169.05 and 167.31. On the upside, resistance is likely at 170.62 and 171.58. A break above these resistance levels could signal further upside potential towards 172.00 and possibly 175.00 in the longer term. The euro has been strengthening against the yen due to the interest rate differential between the European Central Bank and the Bank of Japan. The latter's dovish stance continues to exert downward pressure on the yen, making the euro more attractive to investors. Short-term pullbacks in the pair are viewed as buying opportunities.Longby TFXBR1
EURJPY - Sell StopBearish Divergence + Double Top, we'll sell if it breaks the previous HL Entry Price: 169.925 Stop Loss: 170.560 Take Profit: 169.2900Shortby Alee_Kolachi2
EUR/JPY SENDS CLEAR BEARISH SIGNALS|SHORT 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 166.784. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 116
EURJPY BearishI see a sell opportunity on EURJPY. I will wait for price to break below triangle followed by a bearish engulfing candle.Shortby devans18155517
Eurjpy buyEurjpy looking for uptrend continuation trade safe use Stop-loss bcz of jpy pairs ontop spikes may possible...use SL and TP ...jpy looking more weakLongby DNA_Trader_Officials1
EURJPY counter trend short move is expected**Monthly Chart** EURJPY monthly chart is looking bullish, we have already broken July 2008 high. I do expect a huge reaction from BOJ around this level. Last month candle closed bullish after spiking around 170 level. This month candle which is already active is moving towards breaking the high of last month and reacting from July 2008. **Weekly Chart** last week candle closed as bullish. There is still no sign for a price reversal on weekly as the weekly time frame indicating a clear bullish trend. However, there might be a huge reaction around July 2008 historical high level. **Daily Chart** If the price moves slowly to the upside in a corrective wave with a price action pattern formation, it will provide a sell signal to move lower. I am expecting a reaction around this area which might provide a sell setup to go short at least for 500 pips.Shortby PropSignals4
EURJPY Bullish Move**Monthly Chart (Bullish)** Last month's candle closed bullish suggesting a continuation of the bullish trend at least to break the monthly high of Oct 1998 at 164.536 and move ahead towards testing the high of July 2008 at 169.96. **Weekly Chart (Bullish)** Last week's candle closed bullish. However, it is still within the range of the previous week’s candle after slightly testing the high of Oct 1998 at 164.536 and rejecting the price from it. This week we are going to see if the price breaks the high again and moves towards the first target at 166 and then 168 levels. There is also a high probability chance that break the July 2008 high at around 170 level (round number). **Daily Chart (Bullish)** Tuesday - 2nd April 2024 The candle closed as a key reversal creating a swing low that bounced after grabbing the liquidity and swiping the price higher, this indicates the high momentum for EURJPY to continue moving higher. This week, I will be looking for an entry to go long if the price gives a corrective structure with good risk-to-reward parameters.Longby PropSignalsUpdated 2
EURJPY,1H BY TRADE MASTERS EURJPY is making HH and HL its a positive upword momentum,it may formed new higher high we make an entry on breakout of higher high BUY STOP 170.52 STOP LOSS 169.93 TP 1 170.93 TP2 171.45Longby waqarAhmed120
EURJPY BEARJust like the other pair i sent out there is a higher start due to the wick but the bear set up has two targets...Shortby elitetechfx-daily4