On a daily basis, I think the Euro will progress a little more, at least until a retest of the resistance zone.
EURJPY has been showing a bullish trend on the high time frame, although it has been range bound since August 30, 2023. The price action has recently touched down on a key demand zone ranging between 157.11 and 157.32. I plan to wait for a clear bullish break of structure (BOS) along with positive price action and momentum before entering a buy position. My target...
JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP...
Eurjpy, have been bearish since last few months, therefore the current market pullback is short termed and that is why price moved back sharply, there are also other main factors that will influence the price of EURJPY, such as weaknening JPY as there is no sign of investors having any interest on buying the currency as long as DXY remain bullish. Here what we...
Preferred direction: SELL Comment: We also continue to consider sales in gold. On Friday, it is expected that after a slight consolidation, the metal will fall to the level of 1952; the level of 1938.915 is considered as the second target. Thank you for like and share your views!
Preferred direction: SELL Comment: The previous trading idea for the British currency also worked out and at the moment a short position is being considered again. At the level 1.22370 there is pressure resistance, at which a downward reversal is expected. Most likely, the instrument will try to grow slightly beyond this boundary, and then fall to local...
hello dear trader i am waiting for another bulish attack on eurjpy i am looking for sell position after rejection from strong resistance ... (number 3 in this chart) stop loss need for any position good luck
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After a series of higher highs and higher lows, price is clearly in an uptrend. It broke the previous weak high is enormous momentum, leaving behind a huge unmitigated imbalance with a 2/3 hr supply zone. Price has been retracing slowly towards this supply zone and has currently formed an internal structure weak low as a form of liquidity that it could use to fuel...
EURJPY is trading in a long-term bullish trend. The price formed a huge ascending triangle formation on a daily, perfectly respecting 159.8 - 160.0 resistance. Yesterday, the pair formed an imbalance bullish candle and successfully closed above the neckline of the pattern, setting a new higher high higher close. It will most likely push the prices to the new...
EUR/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 159.764 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 159.281 which is a level that aligns with the 50.0% Fibonacci retracement level. Take profit is at 160.847 which is a swing-high...
There have been some choppy waters flowing for the EURJPY in the recent short term. This main scenario is considering a test of the resistance zone near the orange rectangle, and in case the red curved support is broken and preferably retested there could be some room for a bearish wave towards the green rectangle where another opportunity might present itself in...
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to go a little bit lower to fill the imbalance and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
USD/JPY is one of the most traded currency pairs in the world. The value of the USD/JPY pair is quoted in Japanese yen per one U.S. dollar. For traders, it is important to note that the pair is currently at a strong resistance level and is expected to move downwards. Outlook According to, the USD/JPY pair is expected to face resistance at the 151.70 area, which...
Price is falling to our buy entry at 158.92, which is a pullback support level, aligning with the 61.8% fibo retracement level and slightly below the 78.6% fibo projection. Our stop loss is at 157.59, which is below the multi-swing low support level. Take profit is at 160.4, which is a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs...
EURJPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 159.763 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci level Stop Loss: 158.883 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Take Profit:...
Hello traders, EUR/JPY has rallied up to the previous resistance level from where it could fall again. If we can see the formation of a few bearish candlestick in the resistance level, there would be a chance for a fall. Potential sell EUR/JPY@159.92, SL: 160.30, TP: 158.50
The EURJPY pair is on its 1D MA50 (blue trend-line), trading within a Channel Up since the June 28 High. It appears that smaller Megaphones within the Channel are the patterns that tend to lead the pair to its new Higher Low, that technically reaches as low as the 0.618 Fibonacci retracement level. That is our short target (156.500) but sell as high on the next...