EURJPY - Intraday - We look to Sell at 140.45 (stop at 141.20) Buying pressure from 138.71 resulted in prices rejecting the dip. The bias is still for lower levels and we look for any gains to be limited. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The 200 day moving average...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: EJ has been looking very bearish on the daily and 4hour timeframes and we’re looking to continue with that bearish trend. Going into this week we’re looking for lower highs below 140.000. If we can spot a good example of rejection + a lower high we will...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank hiking rates by 50bsp at their July meeting. But the bank quelled any hawkish excitement by explaining they are frontloading hikes and not signalling a higher terminal rate with their bigger hike. At their...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in September. Despite the hawkish policy shift, the concerns over fragmentation in bond spreads (BTP\Bund) as well as fears of...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in September. Despite the hawkish policy shift, the concerns over fragmentation in bond spreads (BTP\Bund) as well as fears of...
EUR JPY SHORTS we have confirmation ; choch, bos , supply , inducement ,
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in September. Despite the hawkish policy shift, the concerns over fragmentation in bond spreads (BTP\Bund) as well as fears of...
COT Report hints upcoming bearish strength for the EUR and bullish strength for the JPY based on the latest updated during the last week. EURJPY seems to be currently ending its bullish run on the 1H TF having two big rejections at 140.70-140.80. I expect the pair to grab some liquidity before dumping.
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in September. Despite the hawkish policy shift, the concerns over fragmentation in bond spreads (BTP\Bund) as well as fears of...
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall bearish on EJ but price action is resting at a critical zone. From here we’re ideally looking for a strong reversal near 140.000 with bearish setups we can enter short on. Look to target lower toward key support levels. Trade scenario 2: For us to...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE In recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike in September. Despite the hawkish policy shift, the concerns over fragmentation in bond spreads (BTP\Bund) as well as fears of...
Hey traders, in today's trading session we are monitoring EURJPY for a long term selling opportunity around 139.4 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
EURJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: We are now bearish on all major timeframes on EJ. This week we’ll be looking for bearish continuations. Ideally, price action reverses closer to 140.000 and forms a 4hour lower high. If this happens we will look to enter short on strong bearish setups...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The EUR has had a bumpy ride over the past few months. At the onset of the war in Ukraine the EUR tumbled across the board. However, in recent weeks, the persistently high inflation has seen the ECB take a more hawkish turn with the bank confirming at least a 25bsp hike for July and possibility of a 50bsp hike...
The EURJPY currently trades at 137 support level. This level was reached on the back of continual Euro weakness. With the EURUSD now having reached parity, if a retracement occurs, we could see some rebound here on the EURJPY. However with a trend following trade scenario, look for price to close below the 137 level to signal further downside, returning to trade...
The EURJPY pair has been on a long-term bullish trend since the May 2020 bottom, best illustrated with the help of the Fibonacci Channel on this 1D time-frame. The price broke yesterday below the 1D MA50 (blue trend-line) for the first time since May 25, ringing the first bearish bell. The second could come from the MACD indicator, which on the 1W time-frame is...
Hey traders, in the coming week we are monitoring EURJPY for a buying opportunity around 140 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Similiar to the EURUSD, the EURJPY had been trading in a range between 142 and 144, predominately driven by price movements in the EURUSD. I had been expecting the EURJPY to climb towards 145, on the back of a weaker YEN and the previously ranging EUR. However, now that EURUSD is tumbling lower, and YEN having reached historic highs, the EURJPY could break...