EURJPY is moving in an ascending channel.
The volatility continues to decline, which means that a new impulse is about to emerge.
The price is approaching the psychological resistance level of 165.
The chart has already reacted twice with a sharp decline after reaching the dynamic resistance.
We expect a pullback to the 50% retracement level after the...
EURJPY is moving in a descending channel.
The chart has reached a strong resistance at 164.500
We think that after retesting the resistance, the price will fall back to the 38% retracement level.
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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
We expect further downside on this pair, signalled by the formation head and shoulders pattern breakout. We can also see the breakout of a short-term trendline and key level supports our directional basis
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
Hello traders, I am observing the 4H chart in EUR/JPY and I have noticed a potential
sell opportunity. This could be a potential double top on the 4H chart.
So, if the resistance zone holds, traders can consider selling EURJPY@164.88-165
with TP at 163.65 Note that, the sell condition will be valid only if the resistance
zone highlighted in the chart remains unbroken.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the...
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...
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...
EURJPY Trade Breakdown
Price broke through the 1 hour bearish orderblock during London. This resulted in a creation of a 1 hour Market structure shift to the upside.
So once price retested, the 15 minute orderblock and broke its own higher high on the 15 minutes timeframe, I entered a long and place stop loss at the 1 hour orderblock low targeting a...
In Europe, EUR/USD fell 0.3% to 1.0789, near a five-week low, after data released earlier on Thursday showed German Retail Sales unexpectedly fell 1.9 % over February, illustrating the difficulties Europe's largest economy is suffering in the first quarter.
European Central Bank officials have become very dovish of late, with board member Piero Cipollone the...
Pair : EURJPY ( Euro / Japanese Yen )
Description :
Completed " 1234 " Impulsive Waves
Break of Structure
RSI - Divergence
Falling Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Upper Trend Line
EURJPY tested the upper border of the descending channel, then dropped.
The market bounced off the level of 163.500. The support level became resistance.
Price action is printing lower lows and lower closes, indicating a bearish trend.
We expect completion of the AB=CD pattern, so the price is likely to test the support level.
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