EURJPY on the 4h chart after our previous analysis (link below) reached the daily resistance. The price still looks bullish and shows us a distribution phase before a new test of the upper structure. According to Plancton's strategy IF the price will break above we can look for a nice long order.
On EUR/JPY is nice to see strong buying reaction from the price 149.440 and 147.640 , there is nice to see strong volume area.... Where is lot of contract accumulated... I thing that buyers from this area will be defend this long position... and when the price come back to this area, strong buyers will be push up the market again... Uptrend + Volume cluster...
Based on the analysis, the EUR JPY is forming bearish candles after making a higher high. We can see a rising wedge being formed alongside the divergence on RSI, indicating that that it is likely to reverse its trend. The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair if price...
eurjpy is at strong resistance area a move to the down side expected look for bearish confirmation on lower time frames and sell with your own money management patience is the key
As seen from the chart, price has broken a major trendline but however, we an short for a few pips before deciding by price action if the bulls are still valid
Hi fellow traders, EURJPY has formed a new corrective structure after the last drop. Look for a sell opportunity from this area. The trade will be invalidated if we break the red line. Target the support levels. Good luck and trade safe!
price need to rest on the support zone first to keep going up
Looking ahead, the EURJPY is poised to be the most trending pair in the coming week, with a bullish Euro and bearish Yen driving the market. This presents a great opportunity for trend traders, as the pair is expected to rise steadily. Personally, I will be watching for a retest of 149.53 on the 1-hourly chart as an entry point for a trend-continuation trade....
EURJPY is expected to fall after the completion and breakdown of the diagonal triangle
As a forex trader, I have been keeping a close eye on the EUR/JPY currency pair, which has been on a steady upward trend for the past eight years. In my previous post, I discussed this trend, and now I want to dive deeper into what's been driving it. Over the past eight years, there has been a consistent upward trend in the value of EUR/JPY, with major breakouts...
EURJPY is in a strong uptrend after a rebound on the ichimoku cloud. A new high is to be expected this week with a Final target at 150.00
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURJPY has been overall bullish trading inside the red rising broadening wedge pattern, however it is currently approaching the upper red trendline. Moreover, the blue zone 150.0 is a strong resistance and round number. 🏹 So the highlighted purple circle is a strong area...
The USDJPY has a potential two set ups to the long side, which isn't helpful, especially as it failed to break Friday's high or low during the overnight session. I am looking for longs as the EURJPY and GBJPY have taken out Friday's high, and there is a clear trade off level for each. GBPJPY EURJPY The RRR is also greater than 1:2 for all trades, so as long...
Still waiting for a long set up on USDJPY. The start is similar to that of yesterday as we have not seen a move above yesterday's high. So now we're just waiting to see if the bulls will buy at a discount. EURJPY and GBPJPY will be pushed around by the USDJPY so if all 3 line up on an area of demand, I'll pull the trigger.
Currently, the USDJPY is trapped between a previous day's high and a recent day's low. Until we break out of this range there is little to do. Yesterday's target was not the rebalancing of the previous 3 days' action but the high from the 13th. If we get a break below this level, I'll have to look for a short down to 132.50 The DXY higher time frame chart shows...
The reasons that back my case are simple. First of all, we need to take into consideration that Yen is a high risk off asset, with yen longs taking place whenever there is a big uncertainty in the world, or a black swan event unfolding. If you believe that a big crisis is yet about to be seen then you need to consider shorting EURJPY , I personally do for the...
#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is...
The Daily candle just closed at 147.58. This price was our previous Daily Level. Price is still technically in a range between this price and 146.71. After spiking up to previous Monthly High at 148.4, we rejected those extreme prices and came flying back down into the current range right now. Price may continue bearish from here and we can call it a Fakeout as...