The EURJPY pair is about to complete the long-term bullish leg it started within the Channel Up and has already hit the bullish target we set (see chart below) on February 16:
The price is now about to complete the final bullish leg to re-hit the top of the Channel Up and price the new Higher High before it gets rejected and start the new long-term bearish...
EURJPY H4
Trading on and around that huge 150.000 psychological number at the moment. Price hopefully looking to reject this area on the LTF to give us a signal that bears may come back into play. The likes of GBPJPY also looking attractive for possible shorts, but not a huge amount of volume being seen over the last couple of weeks. But this week could be the...
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 150 zone, EURJPY was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards further downsides.
Trade safe, Joe.
(This is the continuation of the previous post - attached - which became overly long.)
Currently;
SHORT off of that "before last" Stop Hunt @150.125, with very tight stops (<12 pips and excellent R/R ratio), just below major resistance. This is a long term Short Entry attempt. (However, the main set up/position is in the GBPJPY, with superior R/R...
EUR/JPY is looking overbought on higher timeframe charts as it tests once again a tough barrier at the 2014 high of 149.75. Looking at the Directional Movement Index (DMI), the rebound from mid-May appears to be a consolidation, rather than the start of a new leg higher. The Plus DMI and Minus DMI are under 25, suggesting non-trending/range conditions. However,...
Hello traders. According to my analysis of the EURJPY. There is a high probability of going up. Where the market broke out of a bearish flag. Likewise, the strong resistance at the level of 147000 was broken. The price tested the resistance for the second time. And he couldn't break it. Also, a very positive candle has formed on the daily chart. All of...
EURJPY H1
That 150.00 handle held perfectly, we saw some solid YEN strength here today with the YEN gaining best part of 80-120 pips amongst it's peer majors. Again, seeing corrections of 50-78 as the moment, so the second sell-off wave may be in bound during the eastern session, for those trading it.
Hi friends
EURJPY - what will i wait for EURJPY is on chart.
What I expect is a strengthening of the Euro against the Japanese Yen, and based on the current patterns in the 4-hour timeframe, I think it will be a good start to the week for the Euro.
In the current EUR/JPY price analysis, the bears are putting up a fight to prevent a bullish correction. The currency pair is facing downward pressure within a bearish framework when examining the hourly charts. A notable development is the formation of an AB=CD pattern, further confirming the bearish sentiment. This pattern is observed within a bearish channel,...
EURJPY was looking bullish until we tested our resistance at around 150.90. At this point, we started rejecting it to the point where we have broken out of the channel to the downside. However, considering the fundamentals affecting the japanese currency, this pair should soon continue the trend it started and the leg that was formed in the past few days should be...
Buy EURJPY Triangle Pattern
M30 - chart - Triangle Formation
Its good chance to buy now
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Trying EURJPY short here.
The HMA's are suggesting we're entering a down period again.
The EUR narrative has lost a lot of steam with weaker EUR data and falling inflation. We have Germany HICP today which is also likely to drop further based on how inflation numbers have been coming out from Europe so far this week. This should mean a continued fall in EUR...
the possibility of wave 5 cannot continue bullish to go higher than wave 3 and now the price looks like a reversal I marked with a bearish confirmation level line. you can go short at this time.
