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Eurjpyshort

Watching for downside We've only closed bearish 1 day in the last ten on EURJPY, it really has been a stand out performer recently. I was interested short a week ago before it broke out of the Daily channel, and since it has been nothing but a long. There is an interesting pattern that could present a possible short, but I'm being extremely patient and want to see as much confirmation as possible. Fading this market hasn't been profitable for two weeks, so there will be plenty of chances to get in.
Short
by RuckSack
Corrective move overdueFX:EURJPY advances further north of the 164.00 level and prints new yearly highs on Thursday. Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 164.30 (November 16) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23). In the meantime, the daily RSI remains well within the overbought territory near 75, opening the door to a potential near-term corrective move. So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA, today at 152.58.
Short
by tradingconmike
Daily Trend Reversion Options PlayOpened a position on EURJPY to fade the move back towards the Daily uptrend. Decided to go with an option for this with Exp on Friday Nov 10th @160.500 strike. Price accelerated away from the uptrend after the BoJ announcement on Oct 31st, before it pulled in and supported at 159.500 for a couple days and rallied again. I feel this provides a good risk reward on the idea, supported by intra-day bearish price action today. It looked like we had broken down yesterday, but price reversed and regained VWAP. After that though we only made a marginal new high in Asia and has since trades back below VWAP and failed to hold support at 160.850.
Short
by RuckSack
EURJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity EURJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
11
USD/JPY: Anticipating Downward Movement at Strong ResistanceUSD/JPY is one of the most traded currency pairs in the world. The value of the USD/JPY pair is quoted in Japanese yen per one U.S. dollar. For traders, it is important to note that the pair is currently at a strong resistance level and is expected to move downwards. Outlook According to, the USD/JPY pair is expected to face resistance at the 151.70 area, which is its highest level since October 2022. The YTD peak could also offer some resistance to the USD/JPY pair ahead of the multi-decade top. The Bank of Japan's policy of patience sent the yen to an all-time low, and the Japanese authorities are always in close communication with U.S. counterparts on currencies and share a mutual understanding that excessive moves in the currency should be avoided. Therefore, traders should keep an eye on the pace of the decline in the Japanese yen. Fundamental Analysis The unwavering stance on negative rates by the Bank of Japan puts a spotlight on USD/JPY movements, amid whispers of potential interventions. The interest rate differential between the policy rates of the Federal Reserve and the Bank of Japan (BoJ) is an important influence on the USD/JPY exchange rate. Higher interest rates make a currency relatively more attractive because they allow for higher returns on investment. Technical Analysis The USD/JPY pair is currently at a key resistance level of 151.93. A firm break above this level will target 100% projection of 129.62 to 145.06 from 137.22 at 152.66. However, for the shift to lead to a bullish trend, the price must start making higher highs and lows. That means a break above the 150.75 resistance level. Otherwise, the price might start a period of consolidation near the 150.00 key level. Conclusion In conclusion, the USD/JPY pair is currently at a strong resistance level and is expected to move downwards. Traders should keep an eye on the pace of the decline in the Japanese yen. The interest rate differential between the policy rates of the Federal Reserve and the Bank of Japan (BoJ) is an important influence on the USD/JPY exchange rate.
Short
by fardycurry
3
EURJPY sell limit order bearish setup Short trading setup for the EUR/JPY pair, driven by the ECB's cautious policy stance and bearish market sentiment towards the pair. The technical analysis highlights minor support at 158.00 and additional support at 157.00, providing a basis for the trade setup. Entry position at 158.50, with Take Profit levels set at 157.00 and 153.91, and a Stop Loss at 159.50. This setup aims for a favorable risk/reward ratio, targeting a more significant profit at Take Profit 2 while minimizing potential losses with a tight Stop Loss. entry point: Short position at 158.50 (anticipating a rise before a potential downward move given the bearish sentiment) Take Profit 1: 157.00 (near the identified support level) Take Profit 2: 153.91 (near the lower forecasted level for the end of 2023) Stop Loss: 159.50
Short
by Fexcat