Daily Trading Signals by Exness - EUR/JPY

[Exness Support]

25.08.2014 9:09 EURJPY
In the short-term perspective, the EURJPY pair may test the resistance level of 138.00

Buy on rebound from 137.33 level with 138.00 target. Stop loss = 136.80.

Reason for the trading strategy.

Significant weakening of the yen against the United States dollar contributed to the purchasing of other yen courses, including the EURJPY. Meanwhile, a statement by M. Dragi on the readiness of the ECB to take additional measures to fight deflation in the euro zone will continue to be a medium-term bullish factor for the euro. From a technical point of view, after adjusting the support level of 137.33, the EURJPY pair may again attempt to test the level of 138.00.

EURJPY, Daily

 

[Exness Support]

27.08.2014 10:10 EURJPY
EURJPY is holding steady at 136.81, despite the decline in the consumer confidence index for Germany compiled by Gfk

Sell on a level breakthrough of 136.81 with 136.35 target. Stop loss = 137.20.

Reason for the trading strategy.

The September consumer climate index for Germany compiled by Gfk fell from 8.9 p. to 8.6 p, indicating a probable future reduction in investment spending in the largest eurozone economy. These purchases do not contribute to the purchase of euro-cross courses. During the day, we can not rule out the breakdown of the 136.81 local support level for the EUR/JPY pair.


EURJPY, H4

 

[Exness Support]

29.09.2014 9:09 EURJPY
EURJPY: consolidation in the range of 138.38 - 139.08

Buy on a level breakthrough of 139.08 with 140.15 target. Stop loss = 138.50.

Reason for the trading strategy.

The weakening of the yen against the US dollar contributes to the stabilization of the EURJPY cross-rate in the range of 138,38 - 139.08. Prior to the ECB October meeting, where an announcement about the ABS program is likely to be made, the EURJPY pair will probably try to test the 139.65 and 140.15 levels.

EURJPY, H4

 

[Exness Support]

10.10.2014 9:09 EURJPY
The EURJPY pair can update the support level of 136.60

Sell on a level breakthrough of 136.60 with 135.80 target. Stop loss = 137.10.

Reason for the trading strategy.

The EURJPY pair had a hard time maintaining the support level of 136.60 against the background of curtailing of the carry trade operations on the financial markets. The August statistics on the volume of industrial production in Italy, of which we can find out at 8.00 GMT, may provoke a fall below this level.

EURJPY, H4

 

[Exness Support]

15.10.2014 7:07 EURJPY
EURJPY: consolidation after the publication of the volume of industrial production in Japan

Buy on a level breakthrough of 136.55 with 137.93 target. Stop loss = 136.00.

Reason for the trading strategy

Yesterday's collapse of the EURJPY cross-rate was provoked by the news about a decrease in industrial production in the euro zone by 1.8% (m/m). However, in Japan, a similar indicator decreased by 1.9% (m/m) in August. From a technical point of view, the resumption of euro purchases should be considered at the resistance level breakthrough of 136.55.

EURJPY, H4

 

[Exness Support]

27.10.2014 9:09 EURJPY
In the short term, the EURJPY pair could test the 137.93 mark

Buy on rebound from 137.02 level with 137.93 target. Stop loss = 136.50.

Reason for the trading strategy

The euro cross rates are rising today after the publication of generally favorable results of stress tests carried out by the ECB. The EURJPY pair, having overcome the 137.02 resistance level, in the near future will probably try to test the 137.93 mark.

EURJPY, H4

 

[Exness Support]

28.10.2014 9:09 EURJPY
EURJPY: consolidation under the 137.30 resistance level

Buy on a level breakthrough of 137.30 with 137.93 target. Stop loss = 136.80.

Reason for the trading strategy

Before the next gas talks between Ukraine, Russia and the EU, the euro cross rates show a tendency to increase. We believe that the demand for the EURJPY pair will increase as soon as the 137.30 resistance level is broken.

EURJPY, H4

 

[Exness Support]

21.11.2014 9:09 USDJPY
USDJPY: under pressure after the speech given by Japan's Minister of Finance

Buy on rebound from 117.02 level with 118.00 and 118.99 targets. Stop loss = 116.50.

Reason for the trading strategy

Today, Japan's finance minister expressed concern about the rapid decline of the yen against the US dollar. This led to the recording of a profit in the USDJPY pair. After the pair's likely testing of the of 117.02 support level, opening other long positions should considered.

USDJPY, H4

 

[Exness Support]

EURJPY
Dec. 19, 2014, 08:53

Buy on a level breakthrough of 146.80 with 148.20 target. Stop loss = 146.00.

Reason for the trading strategy

The Gfk consumer confidence index in Germany, calculated as of January 2015, has grown from 8.7 p. to 9.0 p. The data indicate an increase in consumer spending in Europe's largest economy. We believe the news will provide support for the euro cross rates.

EURJPY, H4

 

[Exness Support]

EURJPY: consolidation around the 137.62 level

EURJPY
Jan. 14, 2015, 09:27

Sell on a level breakthrough of 137.62 with 135.21 target. Stop loss = 138.50.

Reason for the trading strategy

Weak macroeconomic statistics for the euro zone and curtailing of the carry trade operations using the yen have sped up the fall of EURJPY pair in the international currency market. At a breakthrough of the 137.62 support level, opening short positions for this pair is worth considering

EURJPY, H4

 

[Exness Support]

EURJPY
Jan. 27, 2015, 09:53
Sell on a level breakthrough of 132.43 with 130.18 target. Stop loss = 133.00.

Reason for the trading strategy

Resumption of hostilities in the south-east of Ukraine plays into the hands of the defensive yen and is clearly not conducive to the growth of demand for the euro. Completion of the adjusting rebound of the euro paired with the dollar gives market participants a good opportunity for opening the next set of short positions in the euro cross rates.

EURJPY, H4

 

[Exness Support]

EURJPY
Feb. 6, 2015, 10:04
Sell on level breakthrough of 134.11 with 133.11 and 132.36 targets. Stop loss = 134.70.

Reason for the trading strategy

In December, the volume of industrial production in Germany fell from -0.3% (y/y) to -0.7% (y/y). The data is negative for the euro. Opening short positions in the EUR/JPY pair should be considered at the breakthrough of the 134.11 support level.

EURJPY, H4

 

[Exness Support]

EURJPY: consolidation below the 136.21 resistance level
EURJPY
Feb. 18, 2015, 08:46
Buy on a level breakthrough of 136.21 with 137.54 target. Stop loss = 135.70.
Reason for the trading strategy
The weakness of the yen paired with the dollar and the strong macro-economic statistics for the euro zone have provided support for the EUR/JPY pair. Today, Greece will apply for a bridge loan from the ECB once again. On a resistance level breakthrough of 136.21, opening long positions in the EUR/JPY pair is worth considering.
EURJPY, H4

 

[Exness Support]

EURJPY
April 10, 2015, 10:01
Sell on a level breakthrough of 128.03 with 127.00 target. Stop loss = 128.53.
Reason for the trading strategy
In February, the volume of industrial production did not change in France, the index was expected to decline by 0.1% (m/m). Meanwhile, the volume of manufacturing output in February was minus 0.8% (y/y), being worse than the expected minus 0.3% (y/y). The statistics on France, which is the second largest economy in the euro zone in terms of GDP, looks weak and puts pressure on euro cross rates.
EURJPY, H4

 

[Exness Support]

EURJPY: Consolidation in the 126.00-127.45 range

EURJPY
April 16, 2015, 10:52
Buy on a level breakthrough of 127.45 with 128.38 target. Stop loss = 126.90.

Reason for the trading strategy

The EUR/JPY pair failed to break the upper limit of the 126-127,45 range due the adjustment of the EUR/USD pair from 1.0740 resistance level. Meanwhile, yesterday's statement made by M.Draghi gives hope for growth of the euro cross rates. The head of the ECB believes that the QE program in the euro zone brings its first positive results.

EURJPY, H4

 

[Exness Support]

To be Continued

 

[Exness Support]

In the short term the EURJPY pair may test the 131.25 level
EURJPY
April 24, 2015, 10:24
Buy on a level breakthrough of 129.85 with 131.25 target. Stop loss = 129.35.
Reason for the trading strategy
The improving forecasts for economic growth in the euro zone contribute to a growth in demand for the euro cross rates. A meeting of euro zone finance ministers will be held in Riga today. Market participants are skeptical that Greece will be able to submit a reform plan under which it will receive new loans from the EU, IMF and ECB. From a technical point of view, with a breakthrough of the 129,85 level, opening long positions in the euro should be considered.
EURJPY, H4

 

[Exness Support]

EURJPY: consolidation below the 134.27 resistance level

EURJPY
May 11, 2015, 10:29
Buy on a level breakthrough of 134.27 with 135.70 target. Stop loss = 133.70.

Reason for the trading strategy

Depending on the development of the situation with the Greek debt restructuring, the EUR/JPY may be involved in two scenarios - breaking through the 133.11 support or testing the 135.70 level once again, which is more likely. International creditors do not want Greece to exit from the euro zone and the EU. However, the issue of a 7 billion euro loan to Greece remains open.



EURJPY, H1

 

[Exness Support]

EURJPY: consolidation after the publication of the volume of industrial orders in Germany

EURJPY
Lug. 6, 2015, 09:54
Sell on a level breakthrough of 133.70 with 131.90 target. Stop loss = 134.50.

Reason for the trading strategy

The results of the referendum held in Greece and the poor economic data in Germany are putting pressure on the EUR/JPY cross-rate. In May, the volume of industrial orders in Germany fell by 0.2% (m/m) with a forecast of +0.0% (m/m). From a technical point of view, opening short positions in the pair should be considered below the resistance level breakthrough of 133.70.



EURJPY, H4

 

[Exness Support]

EURJPY: growth before the publication of Germany's Ifo business climate index

EURJPY
July 27, 2015, 10:28
Buy on a level breakthrough of 136.41 with 137.80 target. Stop loss = 135.90.

Reason for the trading strategy

The expectations of an increase in Germany's Ifo business climate index from 107.4 p. to 107.6 p. in July are supporting the euro cross rates. At a breakthrough of the level of 136.41, opening long positions in the EUR/JPY pair is worth considering.


EURJPY, H4