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EURJPY

EURJPY Is Bullish! Long! Take a look at our analysis for EURJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 161.571. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 162.497 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
EUR/JPY H4 | Resistance overheadEUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 161.988 Why we like it: There is an overlap resistance level Stop Loss: 161.718 Why we like it: There is a swing-high resistance level Take Profit: 160.382 Why we like it: There is a pullback support level Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
EURJPY Trading IdeaBased 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 for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
EURJPY to find resistance at market price?EURJPY - 24h expiry Short term bias has turned negative. The 200 day moving average should provide resistance at 161.35. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Further downside is expected although we prefer to sell into rallies close to the 161.65 level. We look to Sell at 161.80 (stop at 162.30) Our profit targets will be 160.60 and 160.30 Resistance: 161.90 / 164.30 / 167.35 Support: 160.00 / 158.70 / 15.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Long on EURJPY with CautionThis week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level. My Trade Plan on EURJPY 1. Long position initiated based on the 4-hourly chart. 2. Watching closely for any violation of 161.23, which could prompt a reevaluation. 3. Awaiting the market to hit the first target. Share your thoughts and trade plans for EURJPY. How are you interpreting the pattern? Let's continue the discussion!
Long
by RaynLim
Analyzing EUR/JPY Dynamics Post-Tokyo CPI SurgeAmid the bustling European trading session on Tuesday, the EUR/JPY cross finds itself grappling with a downward shift, slipping beneath the mid-163.22s. This move follows closely on the heels of the Tokyo Consumer Price Index (CPI) report for February, which has ignited speculations about an impending shift in the Bank of Japan's (BoJ) interest rate policy. The CPI surge signals a potential departure from the negative interest rate regime, thereby bolstering the Japanese Yen (JPY) and exerting downward pressure on the cross. Fresh data from the Statistics Bureau of Japan paints an intriguing picture, with the Tokyo CPI soaring to 2.6% year-over-year in February, a notable jump from January's 1.6%. However, when excluding Fresh Food and Energy, the CPI moderated slightly to 3.1% year-over-year in January from the previous 3.3%. This surge in price growth above the central bank's target for February has fueled speculation regarding the BoJ's first interest rate hike since 2007, bolstering the JPY against its currency counterparts. BoJ board member Hajime Takata has dropped tantalizing hints about a potential early shift in the central bank's policy, suggesting that the coveted price target is now within reach, warranting a change in monetary policy stance. However, BoJ Governor Kazuo Ueda remains cautiously optimistic, emphasizing the need for further data to validate the emergence of a sustainable wage-price cycle. Meanwhile, over in Euro territory, all eyes are on the European Central Bank (ECB) as it gears up for its March meeting later this week. Market watchers eagerly anticipate whether the ECB will maintain the main refinancing rate at 4.5%, with ECB President Christine Lagarde's recent remarks hinting at a continued struggle against disinflation. Lagarde stressed the importance of gathering more data before contemplating any rate adjustments. The market will be closely attuned to the forthcoming press conference, where any deviation from a hawkish tone could trigger selling pressure on the Euro (EUR) and cast a shadow over the EUR/JPY cross. In light of the current landscape, our analysis paints a picture of a potential JPY strengthening, possibly prompting a retracement in the EUR/JPY pair.
Short
by FOREXN1
1
EURJPY Break down Trenline begin DownTrendEURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89. Currently, the price is recovering to backtest the resistance zone. At this point we can consider entering 2 orders #1 SELL SL: 163,047 TP: 158,414 about the 50% zone of Fibonaci #2 SELL Stoploss: 163,047 Takeprofit: 155,490 about 76% of Fibonaci #3 Follow the order if the price reaches 1/2 TP, close 1/2 and move the SL. Good Luck to You!
Short
by KDFund
2