Hello Traders! Let's delve into the EURJPY daily chart, where an intriguing opportunity is unfolding. The current setup illustrates a U-shaped pattern, resembling a classic cup and handle formation within an existing uptrend. A distinctive U-shaped pattern, indicative of a cup and handle formation. Noteworthy uptrend in the market, enhancing the validity of the...
EURJPY price is in the important resistance zone 171.400 if the price cannot break through. It is expected that in the short term there is a chance that the price will go down.
EURJPY is currently showing signs of a Bearish Crab Harmonic Pattern (XABCD) on the 4-hour chart, indicating a potential reversal in trend. Additionally, the price is approaching a significant trendline, further supporting the bearish bias. Bearish Crab Harmonic Pattern (XABCD): The formation of a Bearish Crab Harmonic Pattern suggests that the price is likely...
Hello Traders ! On The Daily Time Frame, The EURJPY Price Formed a Rectangle Pattern. Presently, The Resistance Level is Broken ! So, I Expect a Bullish Move 📈 ------------- TARGET: 166.430🎯
EURJPY is showing Bearish divergence and it break its Last HL plus its Trendline which shows potential break on uptrend sell on CMP with risk define previous highs
EURJPY still has the opportunity to grow, but now there is a chance to earn a short time by selling, We have these indicators for SELL opportunity: - Reflection from the top of the parallel channel (formed since 2022) - Low volume to continue the current direction - Resistance zone of last peaks (2007-2008) - Return/re-test to Year + 6M + 3M + 1M high We define...
News conformation on the bullish EUR this week as YEN shows bearish signs. Trade is running.
Hi Traders, This trade presents a comprehensive analysis and rationale for the anticipated strengthening of the Japanese Yen relative to the Euro in the current economic climate. Through an examination of key economic indicators, monetary policies, geopolitical factors, and trade dynamics, this analysis aims to provide valuable insights into the potential...
Simple design with potential zones of influence for the price action for support/resistance. Hoping to catch at least 3 turnarounds/reversals at the marked levels/zones. Vertical rectangles are more like time stamps although they also can provide similar evolutions of events if the price touches them. Although this is not just experimental, it should also be...
EURJPY Daily Trading Journal Analysis Price had a bull week energetically gravitate towards the 2008 buy stops. Almost achieved it. Its likely that price will take the buys stops for a weeks target. I am curious if price will continue its bull rise or turn around and gravitate towards Fridays created FVG.
A double top is a technical chart pattern that signals a potential reversal of an uptrend. It occurs when the price of an asset reaches a high point, retraces, then rallies back to a similar high before reversing downward. The pattern resembles the letter "M" and is formed by two consecutive peaks at approximately the same level, with a trough (the retracement)...
Hello Awesome Traders! Let's take a closer look at EURJPY today. The price action is currently indicating a rectangle channel, and excitingly, the price has just broken above the UPPER TRENDLINE at 165.363! Here are the key levels to watch: UPPER TRENDLINE BREAKOUT: 165.363 Mid: 163.803 LOWER TRENDLINE BREAKOUT: 162.294 With this breakout, we're eyeing...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURJPY formed a rounded top near dynamic resistance and returned to the ascending channel. The chart has formed a pattern AB=CD. The past touch of the dynamic resistance ended in a reversal of the move. We are expecting a pullback. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
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
This is my current following on EUR/JPY Bullish movements as of lates, still waiting on the next area of interest to confirm, most likely going into next week Market sentiment is still bullish Big Trend line is still bullish Most likely we will see a pull back sometime into next week, by that time I'll be able to upgrade the chart and track movements until...
OANDA:EURJPY The pair is extremely overbought also shows signs of divergence. A clear doubletop is forming. At the moment the price action is largely dependent on BoJ decision, but it seems that it is ready to support the Yen. The trade is risky, but the reward is considerable.
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. EURJPY OVER-BOUGHT ZONE. 📚 👉As we can see price is still overall bullish trading inside this channel, making clean higher highs and higher lows. 👉Meanwhile, price recently broke above our previous major highs, to be trading...