Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
FX:EURJPY accelerates its losses and puts the 159.00 support to the test at the beginning of the week.
The continuation of the downward bias appears on the cards for the time being. Against that, the 100-day SMA at 158.62 is expected to offer temporary contention prior to the October low of 154.34 (October 3).
So far, the longer term positive outlook for the...
EUR-JPY is trading in a
Downtrend and the pair
Is making pulback from
The horizontal resistance
Level of 161.436 so we
Are bearish biased and
We will be expecting a
Further move down !
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
FX:EURJPY corrects further down and drops to four-day lows around 162.20 on Tuesday.
The continuation of the downward bias carries the potential to drag the cross to the weekly low of 161.20/25 band (November 21) prior to the provisional 55-day SMA, today at 159.40.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day...
Hello traders,
I would like to see EUR/JPY drop from these levels.
We have a nice Fibannoci setup along with a retest area.
Share your thoughts and ideas.
See more information below 👇
Pair : EURJPY ( Euro / Japanese Yen )
Description :
Completed Impulsive Waves " 12345 " and Corrective Waves " abc " and makings its Impulsive Waves ( Bearish ) Again. Rising Wedge as an Corrective Pattern in Short Time Frame and it can Reject from the Upper Trend Line or Fibonacci Level - 78.60%
Entry Precaution :
Wait for Rejection or Breakout
Well, as you can see the market structure is bearish, so we just looking for a sell.
Now we have a bearish order block that we can expect to push the price down.
As always, we need LTF confirmation in the bearish order block.
💡Wait for the update!
🗓22/11/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
EURJPY broke out of the descending channel and moved higher to the resistance level.
The market overall is moving sideways. There's a nice confluence zone to short at the resistance level, a fibo cluster, and a bearish harmonic pattern.
We expect a bearish move and a return to the descending channel.
-------------------
Share your opinion in the comments and...
FX:EURJPY retreats for the fourth session in a row and visits multi-session lows near 161.20 on Tuesday.
Further downside appears well on the cards for the cross in the short-term horizon.
That said, losses could then accelerate to the provisional 55-day SMA at 158.93 ahead of the interim 100-day SMA at 158.07.
So far, the longer term positive outlook for the...
EURJPY is a risky trade you can take with small risk (strongly recommended) until it breaks below support (potential pump fake out) please enter in with PROPER risk management and wait until further confirmations.
EURJPY
Sell/Short
ENTRY: 163.882
TP: 160.494
SL: 164.668
2-5% risk capital.
FX:EURJPY extends the decline below the 162.00 support at the beginning of the week.
Further downside appears well on the cards for the cross in the short-term horizon. That said, losses could then accelerate to the provisional 55-day SMA at 158.87 ahead of the interim 100-day SMA at 158.02.
So far, the longer term positive outlook for the cross appears...
FX:EURJPY registers back-to-back days of losses, down 0.22% in late trading during Friday's North American session, set to remain above the 163.00 figure after reaching a three-day low of 162.15.
Even though the EUR/JPY sees red, today’s price action forming a hammer suggests that buyers stepped in at around the Tenkan-Sen at 162.37. After that, the cross-pair...
FX:EURJPY advances further north of the 164.00 level and prints new yearly highs on Thursday.
Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 164.30 (November 16) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23).
In the meantime,...
FX:EURJPY climbs further and flirts with the 164.00 mark on Wednesday, new yearly peaks.
Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 163.94 (November 15) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23).
In the meantime, the...
FX:EURJPY manages to clear the 162.00 hurdle and print fresh 2023 tops at the beginning of the week.
Further upside appears well on the cards for the cross in the short-term horizon. Against that, the surpass of the 2023 high of 162.36 (November 9) is expected to face the next significant resistance level not before the 2008 top of 169.96 (July 23).
Bolstering...
