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...
So 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...
Based on what i was looking on usdjpy , I saw all the yen pair retracing as we reference UJ as a liquidity pair that set the direction of other pairs of yen. so we got into yen as explained on the weekend. hope everyone enjoyed the breakdown!! Thank you . please follow for more forex analysis
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,...
OANDA:EURJPY is in overall bullish trend, forming a strong ascending trendline. Recently, after a strong bullish move, It has been retracing towards discounted fibonacci levels. It might continue its bullish momentum from these levels after trendline retest where we can look for long opportunities.
My 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...
Here 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...
My 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...
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...
Following 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...
I will look all the yen pair based on my analysis on usdjpy. As USD/JPY has higher interest differential compared to eur/jpy ,so it would follow similar pattern. this is the usd/jpy analysis So I think there is an opportunity to get into the countertrend setup to the level of resistance before we analyze for short!! Follow me for another Setup
Hello,Traders! EUR-JPY retested the Rising support line and Is already making a Bullish rebound so As we are bullish biased We will be expecting a Further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Preferred 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....
Hello, 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...
Am expecting EJ buys if we break above previous 1 hr high. apply proper risk management!!!
Preferred 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...
Preferred 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 ...
✅EUR_JPY is trading in an uptrend Along the rising support line Which makes me bullish biased And the pair is about to retest the rising support Thus, a rebound and a move up is expected With the target of retesting the level above at 165.000 LONG🚀 ✅Like and subscribe to never miss a new idea!✅