The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at...
the USD/JPY pair hovers around 147.50 after retracing from 147.70 during the early European trading hours on Friday. Meanwhile, the US Dollar Index (DXY) trades near its highest daily close since March near 105.30, supported by the robust US economic data. Market players will take cues from the preliminary University of Michigan (UoM) Consumer Confidence survey...
Waiting for a break and retest of 157.100 to short EURJPY to the next swing low at 155.528 If you agree drop a like and if you have any questions leave a comment :)
Trading on the Euro Yen has been on a bullish trend, with some market consolidation due to the over-extended movement. To take advantage of this trend, we recommend buying at support and selling at resistance, which can potentially produce a profit potential of 170pips on the 4-hourly chart. On the daily chart, we have just broken the very aggressive and trending...
Hello, Welcome to this analysis about EURJPY, we are looking at the hourly timeframe perspectives, and as I discovered EURJPY is developing some very interesting formational structures these times that can lead to a major confirmation in the structure and in addition to that a potential trade opportunity to move forward with. As when looking at my chart now we...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
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Entry : 158.030 SL : 158.530 TP : 155.530 RRR : 1/5 Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !! Support Broker with me in the Bio section
Preferred direction: BUY Comment: Yesterday we discussed the prospects for the movement of the Japanese yen and identified two scenarios for the development of events. Today, scenario 1 appears to be the more likely scenario, but implementation may only follow next week. Within the day, a breakout of the level of 147.816 and growth towards the level of 148.500...
Preferred direction: Neutral Comment: The Japanese yen is starting to gradually move into the top topics against the backdrop of recent statements from the Bank of Japan, a change in the head of the central bank, and, in general, a likely change in policy from soft to more hawkish. The fall may very well be approximately from the current levels, but most...
The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the central bank may start to shift away from its ultra-loose monetary policy if inflation begins to move to target. Governor Ueda said that the central bank may have enough data by the year-end to shift away from negative bond rates, adding that the central bank...
EURJPY break High and More UP. I think My opinion you see on chart. Remember about risk no more 1-2% account
EURJPY has formed expanding triangle or we can say a megaphone pattern. Usually price react extremely well to the support and and resistance of the pattern as we can witness in the pattern. Currently the price is at the resistance of the pattern , if the price start to continue dropping the next target could be 157.715 followed by 157.192.
A very Risky Entry 🚫 : Price formed an expanding triangle angle while correcting. Which is a continuation pattern. I'm expecting price to continue dropping
EURJPY reached a key horizontal resistance. The price formed a doji candle on a 4h time frame, approaching that. A double top was formed on an hourly. I expect a retracement to 157.85 / 1.5745 ❤️Please, support my work with like, thank you!❤️
On EURJPY, we can observe a bullish setup following a breakout of a bearish trendline. The price has breached a significant swing high at the 157.70 level, creating a buying zone, as seen on the chart. This zone might also lead the price to retest the trendline. Furthermore, the price around 158.44 appears to have made highs during the Asian session and seems to...
Last week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests...