Hey Traders, in the coming week we are monitoring EURJPY for a buying opportunity around 157.700 zone, EURJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 157.700 support and and resistance zone. Trade safe, Joe.
EURJPY sell in my view. Strong move break structure. i think now consolidation and than slowly slowly down
EURJPY is falling towards an overlap support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 156.960 Why we like it: There is an overlap support Stop Loss: 155.847 Why we like it: There is an overlap support that sits under the 78.6% Fibonacci projection level Take Profit: 159.134 Why we like it: There is an...
Preferred direction: SELL Comment: The price continues to accumulate above the level of 144.900, which does not benefit the buyer in any way, since the instrument should have grown with such a breakout of the level for a long time. There are suggestions that the current balance will be reversal and the price will fall in the medium term. Thank you for like...
Sure, the Yen is overly weak on a trade-weighted basis BUT it is the least weak versus the USD! E.g., For any intervention to be effective it ought target just about any other high yielding spread/pair EXCEPT for the USD! Having established that, it is still far more likely that any intervention would target the USD/JPY directly than the rest, if for no other...
Hello,Traders! EUR-JPY has retested a Horizontal resistance level Of 157.911 from where We are seeing a bearish Reaction so I think that We will see a further Move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
My dear friends , EUR/JPY looks like it will make a good move, and here are the details: The instrument tests an important psychological level 157.839 Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 156.790 Safe Stop Loss - 158.431 About Used Indicators: A super-trend indicator is...
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current EURJPY chart which, if analyzed properly, clearly points in the downward direction. ❤️ Please, support our work with like & comment! ❤️
Hello,Friends! Previous week’s green candle means that for us the EUR/JPY pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 156.757. ✅LIKE AND COMMENT MY IDEAS✅
Preferred direction: SELL Comment: The sellers broke down the long-awaited support level 1.08485, and a rather impressive downside potential opens before the market participants. Negative statistics during today's European session only fuels further decline. The nearest fall target is 1.07882, where the price is unlikely to stay for a long time. Potentially...
EURJPY - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Buy EURJPY Entry - 158.233 Stop - 157.508 Take - 159.320 Our Risk - 1% ❤️ Please, support our work with like & comment! ❤️
EURJPY is currently trading within a narrow horizontal range on a daily. Depending on the side of a breakout, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 159.5 resistance on a daliy, I will expect a bullish movement at least to 160.5 level. Bearish Scenario If the market violates 157.4 support and closes below that, a...
EURJPY 4hr has already made a new high by breaking/Closing up the previous high that indicates the continuation of the Bull Trend, expecting pull back from the previous Key level by making double bottom pattern
Preferred direction: SELL Comment: The previous trading idea for this currency pair is in progress and the nearest target is at the level of 144.900. Further, according to our previous plan, we expect an approach towards the level of 143. Thank you for like and share your views!
Dear colleagues, I assume that the price is in the support area and will soon reach the resistance area of 159.350 Manage your capital correctly and competently! Only enter trades based on reliable patterns!
EURJPY is heading towards major resistance zone, where in past sellers already had shown good sell pressure . If the sellers took charge from resistance area then the optimum target could be 158. What you guys think about it ?
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis
Since the beginning of July, EurJpy has been pretty volatile with hundreds of pips fluctuations and at the end of the month, the pair even dropped 700 pips in only a week. However, the pair recovered and the trend remains extremely bullish. Mid-August is marked by a new local high and after a top around 159, a normal correction followed. This correction comes to...