YProsper

EURJPY WEEKLY ANALYSIS

FX:EURJPY   Euro / Japanese Yen
129 0 3
This pair has frustrated me a lot!

This pair is in a indecisive trend which could suggest the bulls are exhausted. We have been in an uptrend since 07/2013 with a peak in 12/2014. The mid price (50% fib) is 121.800. This is in confluence with AB=CD completion around 120.000

I see many confluences to the downside. A break and close above the Descending channel resistance will invalidate this idea unless it's a clear fake-out.

We are trading above the MA's atm however we have crossed over to the downside and it is the first day of the week so we could see a rally to the 50% Fib (DTL res) before tanking lower to make new lows.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out