After reaching the 151 zone resistance, EurJpy started to correct and dropped to 146.00-146.50 zone support. The medium-term trend remains up and as long as Friday's low is intact I'm in favour of further gains. Buy dips could be a good strategy and with a target at the recent 151 high we could also reach a risk: reward ratio of more than 1:2
Eur/Jpy is in a downtrend on the 8 hour time frame. Eur/Jpy just pulled back to the 786 Fib Retracement Level of the previous swing on the hour 4 time frame... The idea is to open a sell trade right now... The Take Profit is on the chart. This is my last signal of the week folks... I can't keep giving out perfect trades for nothing... You will have to follow...
We are currently at a level were price had a strong continuation to the upside after showing bullish indications. I expect price to retest the market highs. Look for the shown levels where price may struggle.
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 148.7 zone, EURJPY was trading in an uptrend and successfully managed to break it out, currently EURJPY is in a correction phase in which it is approaching the retrace area in which we will be watching a potential rejection from the resistance. Trade safe, Joe.
Let's see if this sell plays out. For now its looking good!
Hello,Friends! EUR/JPY is making a bullish rebound on the 4H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 146.113 level. ✅LIKE AND COMMENT MY IDEAS
Take a look at our analysis for EURJPY. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 148.080. The above observations make me that the market will inevitably achieve 149.742 level. P.S We determine oversold/overbought condition with RSI indicator. When...
Ej... IS Attempting to make a LH .. waiting on complete close. Candles are nearing a close under Fibonacci as well.
EUR/JPY remains up slightly as it consolidates the previous day's declines around 148.380 early on Wednesday. In doing so, the cross shows a bullish pennant chart pattern in the hourly shadow chart. , giving the recent confirmation score. It should be noted, however, that the MACD line and the Relative Strength Index (RSI) (14) are slow to challenge the quote's...
if you look closely at the intraday price action, market is trying to grind up. lets see if it goes according to the plan. Carpe diem!
Waiting for a retest of 147.924 to short EURJPY back to 4H key level at 145.688 If you agree drop a like and if you have nay questions leave a comment :)
Will EURJPY respect the falling trendline and give it a 2nd pivot along with Fib golden ratio ? Is EURJPY still looking good for more downside?
Fundamental Overview The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly...
EURJPY is testing the resistance of the ascending channel in a false-break format. A reversal pattern in the form of H&S pattern is gradually forming. What's next? The price is not ready to break the trend resistance and it shows the precondition for a possible correction. A reversal pattern "Head & Shoulders" is forming and the price is trying to break the...
**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Welcome back! Let me know your thoughts in the comments! ** GBPJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
the question is whether the correction wave is over? what I know is that if the price crosses the blue line, it is likely to continue the bullish trend, it is better for us to wait for the price to fall again and we are ready to buy