EURJPY has approached to important resistance zone where it should be watched carefully because a breakout can occur.
On higher timeframe, this pair is still in the range and breakout above will be massive as bigger the base bigger the rally.
Trade your levels accordingly.
My views on EURJPY is bullish.
Resistance lines:
1) 137.347
2) 138.183
3) 139.212
Please
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✍ Trade at your own risk
📉 Expecting bullish price action on EJ as i think price will hit the weekly highs + buy side liquidity area ASAP. We have a huge bullish momentum with JPYBASKET melting intot the ALL TIME LOWS.
Retail Herd is trying to SHORT this pair wanting to catch the TOP.
What do you think ? Where we go next..
Possible Long to the upside to EUR/JPY . Prices has closed above the support trend line with possible last push to the upside to create a double top, before a bigger exhaustion ,or reversal for EUR/JPY pair.
Any comments welcome.
Thanks
Leon
LONG IDEA - EURJPY
Based off the Monthly Timeframe we have moved into the Buy Zone and now looking to Buy the market .
If the Analysis holds true we anticipate the market push Bullish towards our daily Target of 145.733.
The previous resistance could potentially become the new support round about 133.138 area .
We as see a strong support level between...
EURJPY is on weekly main supply, we are expecting that it will drop from this area if confirmation done in Daily Time frame, if confirmation not done then we can buy from weekly demand 127.962. to monthly supply 147.332.But If break the Liquidity level 140.944
My views on EURJPY is bullish heading towards the resistance line of 139.55 to retest it or break it.
Once that's broken the second resistance line will be 144.42 .
EURJPY has broken down the rising support level and sustaining above the horizontal level. We are expecting the pair has made the top and will fall from here.
Horizontal level is key here, watchout level before open your short positions.
EUR/JPY has been bullish for some time, giving positives on a previous setup we shared.
Price broke out of a resistance and moved higher impulsively, the analysis to this setup is linked below.
On the 1H chart, price has now presented a continuation pattern in the form of a flag.
We should look to long when price touches the supporting trendline for the third time...
buy if a bullish candle crossed the 134.864 price level and make a profit at 135,900
because as you can see on the chart it can be a pretty solid resistance level plus it has the most traded volume so it will be smart to tp at that level or adjust your stop loss above the entry price if you are not sure either to take profit at that level or not
EUR/JPY has been bullish for some time, giving positives on a previous setup we shared.
Price broke out of a resistance and moved higher impulsively, the analysis to this setup is linked below.
On the 1H chart, price has now presented a continuation pattern in the form of a flag.
We should look to long when price touches the supporting trendline for the third time...
I think this is LONG opportunity for both scalper or swing trader.
EURJPY now is approaching its strongest and nearest support here.
We can expect some trigger for the next movement. For me, it could be LONG for a while.
Good luck and DYOR!
EURJPY is a buy but waiting to price break the range and retrace down to 133.800/134.000 area. so that is the good area to buy.
please manage your risk, price may go into the opposite direction so please manage risk.
Hey traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 135,5 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
