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AEFX786 AEFX786 PRO EURJPY, 240, Short
EURJPY: Short EURJPY Longterm Based on 4H + 1D Charts
150 0 6
EURJPY, 240 Short
Short EURJPY Longterm Based on 4H + 1D Charts

We recently shorted the EURJPY with great success and it is currently travelling back up to the trend line. As the current trend line is based on the 1D chart and the day is not over, it is not possible to determine exactly where the current trend line will stop and for this reason, I have made two possible entries on this trade setup. We can see the price has ...

AEFX786 AEFX786 PRO EURJPY, 240, Long
EURJPY: Long EURJPY Short Term Based on 4H + 1D Charts
75 0 5
EURJPY, 240 Long
Long EURJPY Short Term Based on 4H + 1D Charts

We recently shorted the EURJPY with excellent results, hitting our price target and bouncing from the major support/resistance line as expected. Now we are heading back up and as you can see I have outlined how we've gone from making Higher Highs to Lower Highs and so it would seem the uptrend is coming to an end. Ideally I would wait for price to reach the top, ...

ElemontFX ElemontFX EURJPY, D, Short
EURJPY: EURJPY FORECAST - Preparing for a bounce
13 0 1
EURJPY, D Short
EURJPY FORECAST - Preparing for a bounce

EURJPY is currently in a downtrend on the Daily and 4H, with price nearing the bottom of the daily consolidation zone. We expect price to continue to S2 where it will either bounce back towards R2 or break lower towards S3. Confirmation of this bounce is given by a break of the upper band of the trendline channel. However, until then price is bearish.

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