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 /...
EURJPY is on the Bullish Side now, but Proof that EURJPY can't break the last High indicates a weakening of the trend, and this will result in the possibility of a deep decline.
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...
✅EUR_JPY fell down sharply
But a strong support level was hit
Thus as a rebound is already happening
A move up towards the target shall follow
LONG🚀
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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...
in this update we review the recent price action in the EURJPY and identify the next high probability trading opportunity and price objectives to target
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We are waiting for the right situation. The main view is short
what is your opinion?
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.Analyzer: Joseph
.Date of analysis:29jun
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
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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Hello,Traders!
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
Sell!
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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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Hey traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 142.9 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
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...
