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EURJPY

Could EUR/JPY reverse from here?The price is rising toward a resistance level, which serves as a pullback resistance that aligns with the 61.8% Fibonacci retracement; it could reverse from this level toward our take profit. Entry: 167.15 Why we like it: There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 168.62 Why we like it: There is a pullback resistance level. Take profit: 164.05 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 Potential Sell setup 400pipsSo the view of this downside move is based on USDJPY analysis which we talked about how the interest rate differential, Similar pattern behavior of USDJPY as the government sell bonds to buy back their currency yen!! so we are looking at the same theory at play This is the video I talked about USDJPY similar pattern So we could see price retrace to 61.8% fib or in between 50%-61.8% so have a eye on that yellow zone for confirmation of sell setup to downside Risk management is very good!! with decent ROI Follow for more forex analysis
Short
by ShinForex1
EURJPY Set To Grow! BUY! 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, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
EURJPY BANK BULLISH SIDE ROBBERY PLANMy Dear Robbers / Traders, This is our master plan to Heist Bullish side of EUR/JPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Loot and escape on the target 🎯 support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
EURJPY-4H-BEARISH CONTINUATIONHere is a details analysis of EURJPY: EUR (Euro): 1. Scorecard: Bullish sentiment, indicating an expectation for an increase in value. 2. COT-FLIP: Bearish sentiment, suggesting a potential decrease. 3. Seasonal Analysis: Bearish outlook, implying a likelihood of a decrease. 4. Fundamentals (LEI, ENDO, EXO): All bullish, indicating positive economic factors that could contribute to an increase in value. JPY (Japanese Yen): 1. Scorecard: Bullish sentiment, indicating an expectation for an increase in value. 2. COT-FLIP: Bullish sentiment, suggesting a potential increase. 3. Seasonal Analysis: Bullish outlook, implying a likelihood of an increase. 4. Fundamentals (LEI, ENDO, EXO): All bullish, indicating positive economic factors that could contribute to an increase in value. EURJPY Pair: 1. Scorecard: Bearish sentiment, suggesting a decrease in value. 2. COT-FLIP: Bearish sentiment, indicating a potential decrease. 3. Seasonal Analysis: Bearish outlook, implying a likelihood of a decrease. 4. Fundamentals (LEI, ENDO, EXO): Bullish, indicating positive economic factors, but the overall sentiment is still bearish due to other factors. 5. Technical Analysis: Trend: Bearish, indicating a downward trajectory in the market. No specific diversions, continuation patterns, reversal patterns, or harmonics were identified. Overall Assessment: The EUR is expected to increase in value based on various indicators, including bullish sentiment and positive fundamentals. The JPY is also anticipated to increase in value due to similar bullish indicators. However, the EURJPY pair is likely to decrease overall, despite bullish fundamentals for both currencies individually, mainly due to bearish sentiment reflected in the scorecard and other factors such as technical analysis indicating a bearish trend. This comprehensive analysis considers multiple factors to provide a detailed theoretical outlook for the EUR, JPY, and the EURJPY pair for the first week of May
by AamirZahirali
1
EUR/JPY Bearish Scalping Robbery PlanMy Dear Robbers / Traders, This is our master plan to Heist Bearish side of EUR/JPY based on Thief Trading style Technical Analysis.. kindly please follow the plan i have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend change / Strong Pullback happens at the level Bear Robbers / Traders gain the strength. Be safe and be careful and Be rich. when market break the dynamic support it will continue to go down down. Loot and escape at the target🎯. support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Short
by Thief_Trader
EurJpy- Test of 170 once more? For over two years, OANDA:EURJPY has been experiencing an upward trend. The pair is ascending within a clearly defined rising channel. Despite a drop at the end of last year, triggered by JPY repatriation, the overall trend remained intact, and EURJPY resumed its upward trajectory at the beginning of this year. The end of April saw the pair reach a new all-time high, followed by a rapid and aggressive decline induced by the BoJ intervention. Currently, 164 stands as a strong floor. As long as this level holds, further gains towards 170 can be anticipated.
Long
by Mihai_Iacob
4
EUR/JPY: Possible Reversal after Retest Bearish Order BlockFollowing its ascent to the 171.500 area, the EUR/JPY underwent a notable surge, echoing the analogous movement witnessed in the USD/JPY pair. In light of this development, our approach entails anticipating a potential retracement of the preceding bearish momentum, employing limit orders to capitalize on favorable entry points. Simultaneously, we remain vigilant for indications of a pronounced reversal, particularly in alignment with the prevailing direction of the Point of Control (POC) Volume. It's noteworthy to highlight the robust correlation between the USD/JPY and EUR/JPY pairs, which underscores our overarching perspective on anticipating a bearish impulse in both currency pairs. This correlation serves as a significant factor in shaping our strategic outlook, as we assess market dynamics and formulate our trading strategy. In essence, our analysis indicates an inclination towards a cautious stance, with a focus on potential opportunities for a reversal in the EUR/JPY, while keeping a close eye on broader market trends and correlations with the USD/JPY pair. This comprehensive approach aims to optimize trading decisions and capitalize on favorable market conditions as they unfold. Lastly the Stochastic indicator shows a possible correction as the the value is in overbought condition.
Short
by FOREXN1
3
Strifor || EURUSD-Week StartingPreferred direction: BUY Comment: At the beginning of the new week, the euro remains on the buy list, especially if we are talking about the prospect of 1-3 days (before the Fed meeting on Wednesday). This event, as well as the NFP , forces one to be as flexible as possible and be prepared for changes in trading plans at the beginning of this week. Nevertheless, growth is still more likely, but unfortunately, the targets are not as promising as last week. This week, as part of the growth, targets above 1.08000 are not yet being considered. If the dollar's weakness is demonstrated, one can count on growth towards 1.09000 , where there is a large liquidity zone. Two scenarios are considered, where the more likely scenario №1 says about growth near the level of 1.07225 (breakout trade). A less likely scenario №2 is about the strengthening of the US dollar on Wednesday, within which we can expect a fall to the level of 1.06500 . But since technically there is still a possibility of growth to 1.08000 , then in the event of this fall, we can consider going long again according to scenario №2 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Long
by Strifor
1
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 honeyping
Strifor || USDJPY-02/05/2024Preferred direction: SELL Comment: The dollar is expected to fall even when paired with the Japanese yen . By the way, our previous trading idea worked out perfectly, and the target was fixed at the level of 153.222 . At the moment, another approach to this level is expected, with a high probability of its breakdown downward. The trade is short-term, and one can count on such a movement within 1-2 days . The two most likely scenarios for this trading idea are depicted in the chart. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
Strifor || EURAUD-01/05/2024Preferred direction: SELL Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely scenario №1 involves a fall from current prices with a target at the level of 1.63067 . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
Short
by Strifor
3
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.
Long
by forextraplaces