EverythingFX
Long

EUR/JPY WEEKLY A,B,C,D Formation to 153.00

FX:EURJPY   Euro Fx/Japanese Yen
802 4 15
Have been monitoring EUR/JPY             on all timeframes for a substantial amount of time

Higher high + higher low P.A formation carried out in the weekly uptrend..
Fib A,B,C formation in play with D extension (153.00) yet to be achieved.

Scale to the H4+ H1 Tf in order to execute a long trade upon a Counter trend line break in line with the overall long bias.


EUR/JPY is simply going up just like the other pairs against JPY due to devaluation of the Yen. The central banks keep it low for export reasons and other fundamentals.
so i have to agree with AstroForex in this.
Reply
OzkOzn Bananenboom20
We dont have to agree with each other, it is not a problem. Maybe i could not properly explain my view.
I dont mean Yen's VALUE, it is a different subject and it changes by the point of view.
I want to emphasize the way eur/jpy' PRICE is calculated.
Thanks.
Reply
thats not entirely true.
Reply
you know very well, eur/jpy's situation is determined by eur/usd and usd/jpy
eur/jpy = eur/usd * usd/jpy
what is your thought on usd/jpy? Does it support your idea?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
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 Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out