Preferred direction: SELL Comment: The US dollar continues to actively put pressure on the European currency. The euro and the British pound hold the blow from the American the best, but still fall. The fall is expected to continue. Ahead we have a local level 1.08485 and more significant support 1.07882. From these levels, and we can expect at least another...
From H4 time frame, we can see that price create resistant zone while AO is making lower high => AO divergence => Buy momentum is getting weaker. Let's monitor price action and look for sell entry FX:EURJPY OANDA:EURJPY FOREXCOM:EURJPY
Here is our detailed technical review for EURJPY. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 158.969. Considering the today's price action, probabilities will be high to see a movement to 160.032. P.S The term oversold refers to a condition where an...
hi all At this level, I'm expecting rejection. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
According to : uptrend channel Convergence on CCI TP and SL is clearly showing
The recent price action on the EURJPY pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
Price is reacting off our sell entry at 159.15, which is right below the 61.8% fibo projection. Price is forming a head and shoulder pattern, which indicates that it could be a bearish reversal. Our stop loss is at 159.94, placed slightly above the 127.2% fibo extension level. Take profit is at the pullback support level at 157.96. Please be advised that the...
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 158.700 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 158.700 support zone. Trade safe, Joe.
The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry. The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current...
EURJPY in Bullish Trend, Forming Cup and Handle Pattern, Safe Entry at break of Recent HH, StopLoss keeping below Recent LL. Risk Reward 1:1 and 1:2.
EURJPY is potentially breaking through the recent swing-high. Could bullish momentum carry price up towards our take profit target? Entry: 159.204 Why we like it: Price is potentially breaking above a swing-high resistance Stop Loss: 157.994 Why we like it: There is an overlap support level Take Profit: 160.775 Why we like it: There is a resistance level that...
EUR/JPY’s break of 158.03 resistance last week confirmed up trend resumption. But as a temporary top was formed at 159.20, initial bias is turned neutral this week for some consolidations first. Downside of retreat should be contained above 155.51 support to bring another rally. On the upside, break of 159.20 will target 61.8% projection of 139.05 to 157.99 from...
This is what I'm expecting on EJ on long term. Once BoJ will start taking actions against inflation I'm expecting strong yen. I think that Euro will face a lot of troubles through upcoming winter which can cause more downside for Euro and this is the main reason why I'm expevting strong Yen on long term. I'm not chasing the top. I will start placing shorts...
EURJPY has formed the bullish flag pattern. Currently the price is hovering around the channel and it seems like the price is ready to break the flag amid weaker JPY. what you guys think about it ?
Waiting for a retest of 0.66230 to long EURJPY back to swing highs at 159.189 If you agree drop a like and if you have any questions leave a comment :)
EJ broke structure - I would wait for the price to return to the point of interest and begin working. If it breaks upwards eventually - let the idea go, however if it breaks the second structure? Take the sell. NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
Hello Traders We believe that JPY will show us a large move in next few days. First yen(JPY) has a significant economical fundamental data in upcoming week. Second BOJ has mentioned their concerns about Yen value , and probably they will take an action in market. Third EUR/JPY, GBP/JPY and USD/JPY are showing similar technical patterns indicating another drop or...
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...