Pair Name : EUR/JPY
Time Frame : 4hrs / Daily
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
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➕ Key Technical /...
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...
I was waiting for the tripple top to be created on the pair EUR/JPY and to look for short opportunities. Soon as I got signals by candlesticks confirming the trend getting a reversal, I entried.
As you can see on the chart, TP1 has been achieved, and we'll see how the market goes in the next days and I believe likely it will go at the TP2 zone. This of course...
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EURJPY is accumulating around 143.85 - 144.25 horizontal resistance.
The price has already set 3 equal highs respecting that.
Taking into consideration that the pair is trading in a strong bullish trend,
I believe that we will see a breakout attempt soon.
Wait for a breakout of the underlined yellow zone,
daily candle close above that will confirm a...
- Currently EURJPY has a short UPSIDE BIAS. Maybe it can REACH 145.780 LEVEL. 145.780 is a very good RESISTANCE limit.
- Some of the news coming in for the EURO will help strengthen the EURO. Here the EURJPY TRENDLINE is very well priced and the price goes up.
- Anyway the price goes to the area I mentioned and its trend line
If one BREAK, the EURJPY price...
EJ has repeatedly retested the 144 zone and has failed every time, forming a triple top along with a bearish trend. I believe price will fall down to around the 140 area before any bullish reversal happens. Remember, risk management is KEY.
Here is our technical view on EURJPY.
Our analysis is based on fundamental & technical metrics.
According to our chart EURJPY is trading within a supply cluster.
Based on our analysis the price will start falling
to the next support level.
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EUR-JPY is retesting a horizontal resistance
And while the overall bias is more on the bullish side of things
Because the pair is in the uptrend
But I think we might see a local pullback from the level
Towards the target below
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Hello traders! In my opinion, in long term this pair will be in these levels :
Target one: Buy 1.0760
Target two: Buy 1.1120
Don`t forget to look the economic calendar!
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EURJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: EJ is off! Looking bullish here and we are actually mid move/trade right now.
Currently it looks like price action will rally into 144.000 resistance before we see any sort of reaction. For us to continue buying EJ we need to see structure above 144.000...