After the news from the Federal Reserve was released, the entire market behaved unpredictably. The currency pair has broken down the price channel. After such a strong movement, I expect a pullback from the level with a further fall to the support of 129.6
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EUR-JPY is collapsing from the highs just as pretty much every other pair
And the free-fall seems to have no end in sight breaking support after suppoert
However,a key level on EUR-JPY is very close
And the level is quite broad too
Which makes me think that the correction might start from there
On the chart we can see that the price has reacted on the D1 trendline which act as a support. This obviously the third test so we assume that the pair could trigger a move up to 132.00 at leat. Invalidation zone is below 130.80.
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Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you...
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke the key support zone of 132.800.
The eurozone final CPI y/y data released yesterday indicated little change in the final release of the CPI data.
Final CPI y/y (Actual: 2.0%, Forecast: 2.0%, Previous: 2.0%)
Final Core CPI y/y (Actual: 1.0%, Forecast: 0.9%, Previous: 0.9%)
Currently, EUR/JPY is...
Pair Name : EURJPY
Time Frame : 1 Day
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Natural - Lead To Short
Educational / Short
Just browsing through my analysis means a lot to me.
Take Profit 1 + 2 +.3 + 4
Account Growth = 10 %
Pip' Achieved = 200 PIP
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
Here is your EURJPY Focus for today;
According to our Currency Strength Meter Mark (0 being weakest, & 7 being strongest), the EUR stands at “5”, and the JPY stands at “1”, meaning that the EUR is stronger than the JPY, thus only looking for BULLISH/BUY opportunities on this pair. NB: These reading fluctuate from time to time.
Our 1st BUY Limit is...
After AUDJPY broke out of its bull run, it started to create a bigger correction on the daily timeframe. Price can be broken down into 2 phases; Impulse & Corrections.
Looks like price could move up once more to fulfil the 5 wave reversal pattern before we move down. We are also short on EURAUD for the short term due to AUD strength so we can correlate that...
EURJPY has finally broken out of the ascending pattern and is making its way lower to the major trendline.
Watch for bear flags on the 1H to take EURJPY down. See chart below for the higher timeframe. We are anticipating a break of the major trendline to take this even lower.
Goodluck and trade safe!
USDJPY broke out of the bull run which started at the start of the year. Once it broke, it didn't just drop instantly. It created a complex correction which can be seen on the chart.
Ideally we'd want USDJPY to push up once more to create a double top before dropping. Will be watching the pattern play out and see when the break occurs.
Goodluck and trade safe!
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Overall, EUR/JPY is ranging across. Recently, EUR/JPY broke below the key level of 133.
The eurozone final CPI y/y data will be released later at 1700 (GMT+8).
Final CPI y/y (Forecast: 2.0%, Previous: 2.0%)
Final Core CPI y/y (Forecast: 0.9%, Previous: 0.9%)
Currently, EUR/JPY is testing the support zone of 132.800 and the next resistance zone is at...
EUR-JPY broke out of the rising wedge
After trading in a long uptrend without corrections
Thus,I am now bearish biased on the pair
That bias combined with the fact that EUR-JPY
Is retesting a resistance cluster
Makes me think that the pair will soon fall
To at least retest the local demand level below