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EURJPY H4 | Rising into resistanceEUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 159.950 Why we like it: There is a pullback resistance that aligns close to the 161.8% Fibonacci extension level Stop Loss: 160.595 Why we like it: There is a pullback resistance that sits above the 78.6% Fibonacci projection level Take Profit: 158.874 Why we like it: There is a pullback support that aligns close to the 38.2% Fibonacci retracement 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 I Potential Pivot to Downside from Resistance Welcome back! Let me know your thoughts in the comments! ** EURJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
7
⚡️Strifor || USDJPY-09/01/2024Preferred direction: SELL Comment: For the yen, the extreme sell scenario (№1) worked out perfectly for us. Quite a quick realisation, although the idea was medium-term. At the moment we are not postponing scenario 2 , which is currently in the works. Here, despite the potential strengthening of the US dollar, the currency pair will most likely fall. The main reason for this is the recovery in prices after the earthquake, which is the main catalyst for the fall of the yen against the dollar. Also today, Japanese inflation data was published, which strengthened the currency in the short term. Until the publication of inflation data in the US , you can safely continue to sell USDJPY . In the second half of the week, it will most likely be necessary to reconsider this idea, but it is tedious to note that the medium-term prospects will most likely tilt in favor of the seller. Here the volumes and technical picture continue to speak in favor of the seller. Thus, we can expect a fall to levels 140 and 139 . As a more conservative option, you can refrain from trading on this pair at the moment and consider entering after the publication of inflation data in the US. Thank you for like and share your views!
by Strifor
1
⚡️Strifor || EURUSD-08/01/2024 Preferred direction: SELL Comment: As we said earlier, most likely 2024 will begin with a strengthening of the US dollar . For this currency pair, we also now fully adhere to sell-priority. During this week, the support at 1.09000 is expected to break through and further fall towards the level of 1.08000 . Technical analysis supports this idea, and volumes indicate the presence of a limit seller, so the priority is to adhere to the seller’s direction. The second scenario cannot be ruled out either, but this false maneuver is very unlikely. Thank you for like and share your views!
Short
by Strifor
1
Market Breakdown: EURUSD, EURJPY, BTCUSD, US30 1️⃣ EURUSD daily time frame 🇪🇺🇺🇸 The pair is currently stuck within a narrow intraday horizontal trading range. We are expecting the US inflation data tomorrow and for the market participants it will be the important trigger. Monitor the reaction of the price to the boundaries of the range and look for a confirmation. That will be your signal. 2️⃣ EURJPY daily time frame 🇪🇺🇯🇵 The market is currently breaking a solid daily supply area. If the price breaks and closes above that on a daily, it will be a strong bullish signal. A bullish continuation will be anticipated to 161.0 level then. 3️⃣ BITCOIN weekly time frame ₿ BTC nicely respected a major weekly structure resistance. After its test, we see a strong bearish reaction. I would anticipate a continuation of a correction for now. 4️⃣ Dow Jones weekly time frame The market set a new historic high before it closed on Christmas holidays. Now it looks quite overbought. I would recommend waiting for a pullback to one of the underlined supports. They can provide perfect points to buy the index from. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
EURJPY - Potential Bearish Control 🐻Hello TradingView Family / Fellow Traders, 📈 EURJPY been overall bullish , trading inside the blue channel and it is currently approaching the upper blue trendline. Moreover, the zone 159-160 is a robust resistance zone. 🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups , as it marks the intersection of the red resistance and upper blue trendline. 📚 As per my trading style: As EURJPY approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
Sell EURJPY Channel Breakout1. European underperformance relative to the US should weigh on the shared currency. 2. The Japanese currency was a significant underperformer during the global tightening phase, and so we believe the currency can become a significant outperformer during the global easing phase. 3. A likely hawkish monetary policy shift from the Bank of Japan later this year, combined with a weak US economy and lower US interest rates next year, should see the Yen strengthen Thank you
Short
by KABHI_TA_TRADING
4
EURJPY H2 / LOOKING FOR A SHORT TRADE OPPORTUNITY 📉Hello Traders! This is my idea related to EURJPY H2. I see a retracement from the resistance level of the channel and also a small retracement (15M - 30M), to close the imbalance and to react from OB. Now I see a good opportunity to execute a short trade until the price of 155.800. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
EURJPY → False resistance breakdown and a weak euro FX:EURJPY is forging a false resistance breakout amid a global bearish trend. Bearish volume is forming in the 158.38 zone Based on the fundamental background and strengthening of the Index dollar ( TVC:DXY ), the euro ( FX:EURUSD ) may lose ground. In such a case, on the background of euro weakening, Japanese yen ( FX:USDJPY ) may strengthen. Globally, the currency pair stands in the range of 158.5 (157.9) - 154.0. In such a case, from resistance, within the range, the price may head towards flat support. Technically, we have a local ascending channel and a false breakdown of the resistance area. The price consolidation below 158.38 and the break of the support at 157.5 will form the market decline to 155.0 Resistance levels: 158.38, 159.0 Support levels: 157.5, 156.3, 155 I expect the price decline within the channel to the support of 155.0. Fundamentally, the euro, as well as the yen are unstable, so the market can behave unpredictably and stand still for a long time Regards R. Linda!
Short
by RLinda
1
EUR/JPY Sell Idea based on Price Channel reversalHello traders and the entire Tradingview community! Hope you had a great weekend! Taking a look at the EURJPY, we can see a price channel as indicated in my chart. The price channel has been working for more than 4 weeks now. As you can already see, price has reversed after hitting the upper trend line of the channel many times in the past. This time too, EJ is showing signs of reversal after hitting the upper TL of the channel. I am already holding sell positions in EJ@158.50 and I expect EJ to fall further in the next few days.
Short
by YourLazyTrader
6