EURJPY Potential Short Signal

FX:EURJPY   Euro / Japanese Yen
EURJPY             has been in an overall bearish downtrend over the past few years... consistently making lower lows. Though price action has been choppy making violent swings, the market is holding its bearish bias quite nicely. For this reason we are only interested in taking a short position on this pair. We are viewing this slight bounce on the hourly to be a corrective pullback that will eventually continue in the direction of the overall trend. If price action can manage to break below the short term blue uptrend line with confluence from our price action predicting algorithm we may consider a short position on this pair.

Currently our price action predicting algorithm is predicting a bit of continued upside movement/consolidation with a chance performance prediction of 77%... we would like to see a chance performance prediction rate of 85% or higher showing a move in agreement with our analysis though so we will watch price action and our algorithm updates.

See the below link for an image of the most recent price forecast from our algorithm:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
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