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Euro / Japanese Yen

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EURJPY trade ideas

Why Has The EURJPY Not Come Down Yet?The Japanese Yen has now lost value for a significant period of time VS its major counterparts. This de-valuing is asserted directly to the de-vestment of the Japanese Yen, typically a safe haven currency. The stance of the BOJ is still one with very low rates. Because this isn't changing quickly and there is no current intervention speech, the Yen remains a currency that is devaluing. The equation is simple - If you had the choice to buy a currency, with any type of return, as a foreign cash investor, what would you pick? Would it be something like the USD? Would you perhaps park your money in Euros? Or, would you buy Yens with a terribly low rate of return? You can see now the picture is obvious, and that is why the Yen pairs like EURJPY are rallying relentlessly. What would bring these pairs down? JPY Strength. What would bring JPY strength? Rising of rates / Intervention or any other means possible to increase investment in Yens, like a world event requiring a safe haven to flee to. In any case if you are going to short it, you need to know the above to trade safely.
Short
by WillSebastian
EURJPY Fool-Surprise Reverse Ok ?EURJPY direction. Well, I am excited the algos pushed the price 0.2% higher in compariston to yesterday, we are still due to dump 1-2% to the downside. Lets Go. Accumulate more and more shorts, this is the only direction. THIS IS JUST MY PLAN - NOT AN ADVICE. No stop loss at this point, after loosing crucial levels, we can expect JPY central bank interventionm at any point, and - I am surprised idiot traders are still pushing the price in wrong directon still. Take profit: 168.13 Stop loss: NONE.
Short
by AdiVV
Trade Like A Sniper - Episode 50 - EURJPY - (21st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing EURJPY, starting from the 2-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded
EURJPY to find sellers at market?EURJPY - 24h expiry We are trading at overbought extremes. Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 169.90 (stop at 170.40) Our profit targets will be 168.70 and 168.30 Resistance: 171.20 / 175.50 / 178.55 Support: 168.95 / 167.35 / 164.30 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
EURJPY 300 PIPS SWING IDEAThe EUR/JPY pair recently hit the resistance level from 2008 and has been bouncing off that zone for several weeks, indicating that the bears are attempting to take control. On the H4 time frame, you can spot two double tops forming over some time. Last week, there was a significant impulse move to the downside, culminating in a bearish flag pattern. I'm anticipating two potential reversals within this bearish continuation pattern—either a double top or a head and shoulders—before executing my short positions. Until then, stay vigilant and keep your spirits high.
Short
by fasthandfx
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