Eurjpy, have been bearish since last few months, therefore the current market pullback is short termed and that is why price moved back sharply, there are also other main factors that will influence the price of EURJPY, such as weaknening JPY as there is no sign of investors having any interest on buying the currency as long as DXY remain bullish.
Here what we...
EUR/JPY is testing quite strong horizontal trendline support from August (at about 156.85-157.00). As highlighted in the previous update, any break below would trigger a double top (the August highs), with a potential price objective of around 154.00. See “Japanese Yen’s Slide Pauses but for How Long? USD/JPY, EUR/JPY, MXN/JPY Price Setups,” published September 4....
EUR/JPY attempts to recover from the previous day’s losses after the interest rate decision by the Bank of Japan (BoJ). As widely expected, BoJ maintained its current interest rates at -0.1%. The spot price is trading higher around 157.60 during the Asian session on Friday.
As the Japanese Yen (JPY) faced renewed selling pressure earlier in the day, Japan's...
OANDA:EURJPY BACK AGAIN TO 159.321 SUPPLY AREA?
making a perfect bullist triangle to go long at FOREXCOM:EURJPY 158.390 immediate supply
and for the next rea is at 159.321
Since the end of February low under 140, EurJpy rose strongly, more than 2000 pips and almost touching 160 important figure.
In August, the pair consolidated, and this consolidation could very well be distribution.
Now the pair is trading under 157 zone support and a daily close under this support could lead to further losses.
As long as the 158.70 high is intact...
EUR/JPY is looking overbought on higher timeframe charts as it tests once again a tough barrier at the 2014 high of 149.75. Looking at the Directional Movement Index (DMI), the rebound from mid-May appears to be a consolidation, rather than the start of a new leg higher. The Plus DMI and Minus DMI are under 25, suggesting non-trending/range conditions. However,...
Last week, the EUR/JPY pair surpassed the level of 159.47 and reached 159.75 before experiencing a reversal. As of now, the downside movement has been limited above 156.85, resulting in a neutral bias for this week initially. If the price breaks below 156.85, it will shift the bias to the downside towards the 55-day Exponential Moving Average (currently at 156.17)...
As we all know that the economic condition of Japan is not fine, and they are also facing natural disasters. I still believe that Yen will remain weak in coming week. Better to look buying opportunities on such pairs which have YEN.
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** EURJPY 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.
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Support Levels:
Support 1 @ 156.866:
The level at 156.866 serves as an immediate support zone on the hourly chart of EUR/JPY. Support levels are where the price typically finds buying interest and may reverse its downward movement. Traders should keep a close eye on this level, as a breach below it could signal increased bearish pressure.
Support 2 @...
Here is my analysis for EURJPY on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY could short after reaching the trendline resistance at the apex of the current descending channel. The price could experience a significant short after hitting the 158.420 resistance.
The price could drop to the next required support level at 156.885.
EURJPY last week was seen at the start of bearish, it has not been proven that there is a big bearish trend, this bearish possibility is just a correction. you can take a chance with the boundaries of wave B in the QM area. use the right money management to trade in this pair.
Hello Traders,
Hope you all are doing good!!
I expect EURJPY to go Down after finishing this correction.
Look for your SELL setups.
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Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market...
Educational Analysis says EURJPY may go SHORT. According to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why SHORT?
On the 1HR timeframe, the pair is making LOWER HIGH AND LOWER LOWS.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS
PRICE WILL RANGE (FROM 124 - 148) IN THIS ONLY IF THE COMING DAYS GO...
(This is the continuation of the previous post - attached - which became overly long.)
Currently;
SHORT off of that "before last" Stop Hunt @150.125, with very tight stops (<12 pips and excellent R/R ratio), just below major resistance. This is a long term Short Entry attempt. (However, the main set up/position is in the GBPJPY, with superior R/R...
