Euro To Jpy Eur Jpy Analysis Price Currency Resistance Seen Highlights Past Market Week

Hey there, fellow traders! Today, we’re going to take a look at EUR/JPY and see if we can spot any potential setups worth considering. Let’s dive right in!

Forex Charts: EURO/JPY H1 Short Setup

The first chart we have here shows a potential short setup on the hourly timeframe for EUR/JPY. As you can see, price has been trending lower for some time now, and there’s a clear bearish channel in place.

Now, what we’re looking for here is a break below the lower channel line. This would be a sign that the bears have taken control and that we could see further downside momentum. A good entry point would be on a retest of the broken channel line, as this would confirm the validity of the breakout.

Of course, as with any trading setup, there are risks involved. In this case, a strong bullish move back inside the channel would invalidate the setup and could lead to losses. As always, risk management is key.

Euro (EUR) Japanese Yen (JPY) Exchange Rate

Our second chart shows the exchange rate between EUR and JPY over the past month. As you can see, there’s been a lot of volatility in this pair recently, with price swinging back and forth between support and resistance levels.

One thing that’s worth noting here is the current resistance level around 118.50. Price has failed to break above this level multiple times, which could indicate that there’s some significant selling pressure in the market at these levels.

If you’re looking to trade this pair, one potential strategy could be to wait for a break above this resistance level before going long. Alternatively, if price fails to break above and starts to turn lower, a short position could be considered.

Euro & EUR/JPY

Our third chart shows the daily chart for EUR/JPY, and there’s a lot to unpack here. Firstly, there’s a clear uptrend in place, with price making higher highs and higher lows over the past few months.

Another interesting thing to note is the bullish flag pattern that’s currently forming. This is a continuation pattern, which means that if price breaks out to the upside, we could see further gains in this pair.

Of course, there’s always the risk of a false breakout or a reversal, so it’s important to wait for confirmation before entering any trades. Additionally, the current resistance level around 126.00 could be a potential area of profit-taking for long positions.

Japanese Yen Advances On Euro And Pound

It’s not just EUR/JPY that’s been in the news recently – our fourth image shows the broader strength of the Japanese Yen on the back of some recent news from the Bank of Japan.

According to reports, the Bank of Japan has announced an end to its ETF buying program, which has provided some support to Japanese equities in recent years. This news has led to a strengthening of the Yen, which is seen as a safe-haven currency in times of uncertainty.

So, what does this mean for forex traders? Well, it could mean that we see further strength in the Yen in the coming weeks and months, which could impact a range of currency pairs. Keeping an eye on the USD/JPY or GBP/JPY could be a good idea, as these pairs could be particularly sensitive to any Yen movements.

Wie viel sind 1 Euro (EUR) in ¥ (JPY) zum heutigen Kurs

Our final image shows the current exchange rate between EUR and JPY, as displayed on a German website. While the numbers may look different, the principles of technical analysis remain the same regardless of where you’re trading from!

Whether you’re a technical trader, a fundamentals-focused trader, or a mix of both, it’s clear that there are a range of potential opportunities to be found in the EUR/JPY pair, as well as in related currency pairs. With some careful analysis and a solid risk management plan, there’s plenty of potential for profits in this exciting market.

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