EURJPY adhered to the supply zone's boundaries and executed a bearish breakout from the rising wedge pattern. Consequently, we anticipate a downward retracement following the confirmation received.
Take a look at our analysis for EURJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 161.571. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 162.497 level. P.S We determine oversold/overbought...
EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target. Entry: 161.988 Why we like it: There is an overlap resistance level Stop Loss: 161.718 Why we like it: There is a swing-high resistance level Take Profit: 160.382 Why we like it: There is a pullback support level Please be advised...
Hello,Traders! EUR-JPY keep going up But the pair has almost Reached a horizontal Resistance level of 162.127 From where I think We will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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...
✅EUR_JPY is going up To retest a supply level Of 162.125 from where I will be expecting a Local bearish reaction And a move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action from here as price filled the imbalance and rejected from 1H bearish order block + institutional big figure 162.000. Like, comment and subscribe to be in touch with...
EURJPY - 24h expiry Short term bias has turned negative. The 200 day moving average should provide resistance at 161.35. This is negative for sentiment and the downtrend has potential to return. We look to sell rallies. Further downside is expected although we prefer to sell into rallies close to the 161.65 level. We look to Sell at 161.80 (stop at 162.30)...
EUR/JPY -eur/jpy have a supply above the price -price have IMB and LQ above it -If the price mitigate our supply don't enter without confirmations
EUR/JPY edges higher to 161.40 during the Asian trading hours on Tuesday, halting its five-day losing streak. The Japanese Yen (JPY) encounters downward pressure following remarks made by Japan's Finance Minister Shunichi Suzuki, who suggested that now is not the appropriate time for the Bank of Japan (BoJ) to tighten monetary policy. This dynamic provides support...
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EURJPY - Classic bullish setup - Our team expects bullish continuation SUGGESTED TRADE: Swing Trade Long EURJPY Entry Point - 161.42 Stop Loss - 160.91 Take Profit - 162.49 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
This week, I'm taking a long position on EURJPY based on the 4-hourly chart. While some may see it as a Bullish Gartley pattern with a warning sign, others may interpret it differently, perhaps as a Bullish Gartley on PEZ or a key support level. My Trade Plan on EURJPY 1. Long position initiated based on the 4-hourly chart. 2. Watching closely for any violation...
Amid the bustling European trading session on Tuesday, the EUR/JPY cross finds itself grappling with a downward shift, slipping beneath the mid-163.22s. This move follows closely on the heels of the Tokyo Consumer Price Index (CPI) report for February, which has ignited speculations about an impending shift in the Bank of Japan's (BoJ) interest rate policy. The...
While we have a bearish set up on the monthly charts, we are seeing signs of strong bullish correction that is about to mitigate a previous supply at 165. Despite the indication by Bank of Japan (BoJ) to raise rates in the future, we maintain a bullish bias in the short term. Our long term bias remains bearish after we get clear signs of reversals.
OANDA:EURJPY BUY position can be taken in the specified ZONE There is no position before the ZONE
Expecting price to break the trendline and sell until 154.766 zone, always apply risk management.
✅EUR_JPY broke the rising Support line so we are now Locally bearish biased and I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅