Hey traders, here is the analysis for the EURJPY. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
A very promising shorting opportunity at EUR JPY after a recent H&S pattern formation. Targets above the right shoulder and targets around the 130.91 level as this is a level where the price consolidated in the past. We also have the 50% retracement confluence after taking into consideration the most recent swing high to swing low. If we pay attention to the RSI...
it made a head and shoulder formation and it broke on the down side and it should go down all the way to the 50% level on the (fib) where it should hit 131.020 level or can go lower.
#EURJPY is at the top of a resistance and looks like a reversal is imminent here with a head & shoulders pattern printed. I expect the price to melt from here. Trade Responsibly!
#Fortunatefx 🙏🏽🙇🏽♂️🔥
Hello everybody
In this chart , we have zone that support price to go up and now this zone changed to resistance and pullback to it and now its time to sell
Another reason for take this sell position is the key
( Key : its the zone that can change the trend )
We are only positioning that follow the trend , the trend is downward and now we are only selling...
Ej and Gj are finally turning around in trend Price is making a Head and shoulder patterns so obvious we can expect easy Money next week now that we know Trend BE AWARE OF STOP HUNTS COMING MONDAY!!!! Dont say youve been warned ! :)
What do you think of my Analysis !?
So if EURJPY doesn't let us catch counter trend trades,
let's try a trend-following option.
EURJPY dropped to a strong horizontal support.
Let's buy from that!
Please, support this post with like and comment!
Overall, EUR/JPY is trending upwards. Recently, EUR/JPY broke below the key level of 133.
The French flash PMI data will be released later at 1515 (SGT).
French Flash Manufacturing PMI (Forecast: 53.9, Previous: 55.0 revised from 55.2)
French Flash Service PMI (Forecast: 55.6, Previous: 56.2 revised from 56.0)
The German Flash PMI data will be released...
Hey traders,
EURJPY is growing sharply from the beginning of October.
Being heavily overbought the pair reached a key level on Friday.
On hourly time frame, the price formed a double top formation.
Breaking its neckline, it looks like we may expect a retracement leg now.
Goal - 131.85
❤️Please, support this idea with...
We can expect price to bounce at the pivot level in line with 23.6% Fibonacci retracement and graphical overlap support towards the take profit level in line with daily resistance and 100% Fibonacci projection. Our bullish bias is further supported by the price holding above the Ichimoku cloud and stochastic indicator where the %K line bounces off the support...
Yen had to gain strength at some point our script has picked that up.
Entry details are shown on the chart.
Using our EDGE trend following strategy on this trade.
Working the H1 time frame and we're only looking for TP3.
Trade history can be seen below this trade idea too for full transparency.
Lets see if we can make it to target....
A look at a majors-based Japanese Yen Index (which averages JPY against USD, AUD, GBP and EUR) shows that prices are facing key support, lows from late 2017 and early 2018.
Meanwhile, the index appears to be trading within the confines of a Falling Wedge. The latest test of the wedge floor could open the door to a near-term bounce to resistance, not necessarily...
The Euro vs. the Japanese Yen. The Yen is a historically low-yielding currency, influencing traders to borrow cheaply in JPY to purchase higher-yielding currencies, including EUR. Because of this the pair is sensitive to broad-based market sentiment trend swings. Volatility may be found in news related to the Eurozone debt crisis and from the Bank of Japan’s anti-deflation policy efforts introduced in 2013.
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