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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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HELLO TRADERS
As I can see EURJPY is testing a strong support zone on Friday. we expected on Monday markets opening it will start to move upside till design given levels Friends it just a trade idea Kindly share Ur thoughts with us on EURJPY.
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#EURJPY
- EURJPY currently has an UPSIDE BIAS. XXXJPY CURRENCIES are being BUY very fast with JPY WEAK after the INTERVENTION. The reason is that the JPY INTERVENTION has become PRICE. Somehow it is being RECOVERED again. MARKET RISK is still being OFF. VIX is going DOWN, XXXJPY CURRENCIES are BUYING fast now with JPY WEAKNESS. Perhaps the EURJPY 151.00...
#EURGBP
- Currently the MARKET SENTIMENT for EURGBP is slightly on the DOWN SIDE. The main reason for that is the NEGATIVE RISK SENTIMENT for EUR. And we can mention the BOE intervention. The reason for NEGATIVE SENTIMENT in EUR is USD BUY. Due to this reason, all MARKETS including STOCKS can be seen UP due to MARKET RISK OFF. It affects the EUR in a big...
#EURJPY -
- EURJPY has a short-term UPSIDE BIAS at the moment. Maybe it can reach 139.202 LEVEL. 139.202 is a very good RESISTANCE limit.
- Some NEWS coming for the USD will help weaken the EURO. Here the price can be pulled down one more time by RESPECTING the EURJPY TRENDLINE very well. It may come down to 135.116 LEVEL.
- Somehow the price moves to...
- Currently EURJPY has a short UPSIDE BIAS. Maybe it can REACH 145.780 LEVEL. 145.780 is a very good RESISTANCE limit.
- Some of the news coming in for the EURO will help strengthen the EURO. Here the EURJPY TRENDLINE is very well priced and the price goes up.
- Anyway the price goes to the area I mentioned and its trend line
If one BREAK, the EURJPY price...
- EUR FEATURE currently stands at 1.0735 LEVEL. It stays above the DYNAMIC S / R LEVELS. Also the JPY FEATURE is getting a bit down. It stays at 0.0076 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN.
- Currently the OVERALL MARKET is RISK ON. ...
- EUR FEATURE currently stands at 1.0473 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0077 LEVEL. The EURJPY PRICE rests above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN.
- Currently the OVERALL MARKET is RISK ON. STOCKS is currently...
⛔️ EUR FEATURE currently stands at 1.0583 LEVEL. It rests on DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0076 LEVEL. The EURJPY PRICE is above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN.
⛔️ OVERALL MARKET is currently RISK ON. STOCKS is currently displaying...
- EUR FEATURE currently stands at 1.0540 LEVEL. It's just below the DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0076 LEVEL. The EURJPY PRICE is above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of STRUCTURE. Then there will be DOWN.
- Currently the SENTIMENT of the OVERALL MARKET is leaning...
- EUR FEATURE is currently trading at 1.0611 LEVEL. It's just below the DYNAMIC S / R LEVELS. Also the JPY FEATURE is UP. It stays at 0.0078 LEVEL. The EURJPY PRICE is above the DYNAMIC S / R LEVELS. So most of the time the PRICE can be UP again in the form of a STRUCTURE. Then there will be DOWN.
- Currently the SENTIMENT of the OVERALL MARKET is moving...
EURJPY has been ranging for the about three and a half months failing to break and close above 134.400. It's again retesting the weekly and monthly resistance levels, which am monitoring closely to see what happens by end of this week. Should price action break and close above 134.400, I will liquidate my positions and wait for a new opportunity to go long,...
