Price has been in consolidation for some time now, rejecting off the range resistance to finish off the week. Price nearing trend line support where I will be monitoring for a breakout for a powerful move to occur.
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EURJPY is still in consolidation under resistance. Last Friday’s bearish candle confirms our bearish bias and we still expect the market to sell off from here and breakout of that consolidation.
PA is few pips away from Projected point D... I know is Friday and anything can happen starting next week... but here the numbers:
Entry: 128.010
SL: 127.650
TP1: 128.486 (.382CD 1.36RR)
TP2: 128.779 (.618CD 2.21RR)
Wait for PA to enter the zone and retrace... Cypher might become a Shark.
EURJPY has made a one-month sideways movement.
And we tried to join it once but out for less of patience.
Now seems that EURJPY is about to make a new swing up for max 360 pips.
Now we are watching it on 4H CHART to find out a better entry to join the trend.
Esp interest rate on Tuesday for Euro .
Big trigger is coming soon.
Less is more!
Hi guys, as you can see that this pair has been moving in a trading range. Now we are at the top of the trading range and can do a possible short from here to bottom.
Good luck and Trade Green!
The Trend Follower Strategy has just bought EURJPY at 128.675. The system recommends entering this trade at any price between 128.513 and 128.837. The signal was issued because our Speculative Sentiment Index is extremely positive, with a value of -1.555. This suggests that the EURJPY could be trending upwards.The 14-period Average True Range on a daily chart is ...
Hello Traders,
This paire is trending side way since while and it is about to break down.
I'm expecting that the market will open on a gap on price for the down side around 128,177.
At 00:50 GMT+1 the JPY GDP data will be relased, if good figers then the yen will give us good move this week.
If you found this idea useful please and comment,
This is not an ...
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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