Upon comprehensive analysis of the EURJPY pair, we are currently observing a robust uptrend, particularly evident in the broader timeframes such as the monthly and weekly charts. Despite a transient retracement observed on the daily chart, indicative of bearish sentiment, the market trajectory has resumed its upward course. Notably, a decisive breach in market...
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It may have escaped some traders notice that the JPY has been hammered in the last few months. So much so that GBP/JPY hit 200.49 earlier today, USD/JPY hit 160.00 and EUR/JPY hit 171.65. Some of these are historic highs, in fact USD/JPY is a 30 year high. I'm unaware of any intervention by the BOJ that would cause the 570 pip fall in USD/JPY (mirrored EUR and...
Hi friends, I brought the FOREX interesting charts The buying force is making adjustments by beating the sell-off and rising. If the Fibonacci 0.618 section is set as the primary target and breaks upward, the AB=CD pattern can reach the 1 value D
In the forex realm, the EURJPY pair on the 45-minute chart is offering an interesting narrative through Elliott Wave analysis. It seems we've seen an impulsive wave culminating with wave (5), followed by what could be the initial stages of a corrective phase. After a significant rally, the current pullback is likely the start of a corrective wave (4). The...
Yen falls as USDJPY heads in the direction of a hundred and fifty five However, the Japanese Yen did little to enhance in opposition to the weaker dollar, with USDJPY buying and selling close to a 34-12 months excessive and close to the a hundred and fifty five level. The yen weakened whilst a sequence of Japanese officers warned of presidency intervention to...
Welcome . My analysis of the EURJpy pair on the four-hour frame. Everything is explained in the analysis. Please comment if there is ambiguity in the analysis. Or you didn't understand anything. I will be happy to respond. Good luck everyone
Market Analysis PT2/2 (12th April 2024) EURJPY Analysis On the 4 hour timeframe, price action has created a a nice support and resistance of about 40 pips wide. This tells us that price on EJ is currently consolidating. There are 2 potential scenarios here: 1) Price pushes higher, breaking through the 4 hour resistance, and retesting it before going...
Hello traders! ‼️ This is my perspective on EURJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. I expect bullish price action from here as there is a confluence of rejection from bullish order block + FIBO 0.618 level + institutional big figure 164.000. Fundamental news: Tomorrow...
The EUR/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further gains in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) above the broken resistance level of...
Thursday, 04.04.2024 We took the previous weekly low and touched my 8 EMA. On the daily timeframe, we witnessed a strong rejection with momentum from my daily VWAP low. Now, I wait for a pullback before buying. Currently, we are at a 4-hour resistance level, so I'll wait patiently, but my bias is long. There's a chance for a push down to hit my 0.382 Fibonacci...
**Monthly Chart (Bullish)** Last month's candle closed bullish suggesting a continuation of the bullish trend at least to break the monthly high of Oct 1998 at 164.536 and move ahead towards testing the high of July 2008 at 169.96. **Weekly Chart (Bullish)** Last week's candle closed bullish. However, it is still within the range of the previous week’s...
Euro Looks Stronger then the Yen, And We're Respecting Significant Discount Arrays, So am Long EJ.
BUY/LONG ZONE (GREEN): 161.550 - 166.700 DO NOT TRADE/DNT ZONE (WHITE): 159.750 - 161.550 SELL/SHORT ZONE (RED): 155.710 - 159.750 Monthly: Bullish Weekly: Bullish Daily: Bullish 4H: Bullish Previous bearish trend has been labeled along with the DNT area and the initial bullish zone that price broke into to flip the trend. Currently price is onto the next...