EURJPY is still looking bullish. Price has been stalling in a tight zone for quite a while and the next move could be explosive!
Hello traders, as analyzed and same as CADJPY, EURJPY is approaching an area with lots of confluence. Once there, we'll see how price reacts. Potential upside target is marked on the chart. If you've found this analysis to be helpful for you and would like to see similar ideas in the future, be sure to leave a like and to follow. Thanks. Cheers!
EURJPY has been in a smooth downtrend for a year. Price has recently formed a bearish flag pattern and is expected to last until it hits the QML level. In this video, I show a detailed explanation of past and current price action, and why you should consider going long on that pair.
The Bank of Japan (BOJ) is out with the Summary of Opinions of its October monetary policy decision, in which it adopted fresh forward guidance on the interest rates. Key Headlines: Appropriate for BOJ to clarify policy stance is titled to monetary accommodation by indicating there will be a downward bias in policy rates. Desirable for forward guidance to show a...
European opening call. Trade ideas and themes at European open
In today’s #marketinsights video recording, I talk about #fxminors #EURJPY and #GBPCHF as they both seem to be moving within an identical pattern. Despite the added uncertainty amid the latest delay drama of phase-1 of a potential trade deal between US and China, safe-havens #yen and #franc seemed unaffected by at least this type of flows. That suggests that...
Trade ideas for the day/week ahead published everyday at European open
I will provide updates during the week to this thread as trades develop on this pair. Please share your thoughts below as be sure to leave a like. Thank you!
Hello Traders, here is a look at the EUR/JPY for the week ahead. I will update this thread during the week as things develop further.
In this video update, we take a look at EURJPY as price approaches a key resistance level. We could see selling resume at this key level back into the recent break out highs at 119.80. The 4hr timeframe is currently forming bearish divergence giving us a potential short opportunity.
Just took the 3rd trade for the day.... this time trading EURJPY as a sell based on its contraction leading to a key DC level
Daily trading ideas and themes from the European open