Recently prices had met old daily support in the 164 zone
Market sentiment supports going short
Current trend is still short
Big trend is still bullish
I believe that a lot of traders are reacting a bit faster than usual, changing from short to a buy position
as much as we are in an area of interest, there isn't enough information convincing me to buy at the...
Short Term Elliott Wave View on EURJPY suggests the rally from 12.7.2023 low is in progress as a 5 waves. Up from 12.7.2023 low, wave 1 ended at 163.71 and pullback in wave 2 ended at 160.21. Pair extended higher in wave 3 towards 171.58. The 60 minutes time frame below shows the rally which ended wave 3. Wave 4 pullback is currently in progress with internal...
I'd say this one is neutral right now cause it's still within an uptrend channel
it has a chance to break lower but for now it's flying through sky since Japanese yen collapsing
Hello,Friends!
EUR/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 165.989 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
After the recent spike, sideways movement to a sell off in an overbought market, seems to be testing an interest of area once again
Market sentiment is no longer in anyone's favor, it could go either way now
Big trend is still bullish, experiencing a pull back at the moment, testing levels
Short term sell off is in favor based on price action, as we get into...
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...
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A very symmetrical rise after manipulation1!
Breaking bullish structures...
It will break historical highs, we must stay tuned!!!
Find your favorite entry pattern :D
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#EURJPY
UPDATE
Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURJPY. EURJPY had breaked the main Descending triangle pattern. In this move we can see gain upto 100Pips+ soon✍
The EURJPY and other XXXJPY pairs surged following the "speculated" BOJ/MOF intervention in European trade today. Although many pairs hit some key levels, the EURJPY was particularly interesting today. The EURJPY surged Sunday, April 28th when market reopened over the weekend and the EURJPY came within pips of the 161% Golden Fibonacci extension of the November...
It may have escaped some traders notice that the JPY has been hammered in the last few months.
So much so that GBP/JPY hit 200.49 earlier today, USD/JPY hit 160.00 and EUR/JPY hit 171.65.
Some of these are historic highs, in fact USD/JPY is a 30 year high.
I'm unaware of any intervention by the BOJ that would cause the 570 pip fall in USD/JPY (mirrored EUR and...
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 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
Starting the week with a spike into the market, most likely taking out short sellers
Big trend is still bullish
Market sentiment is still bullish
Currently the market is consolidating at these areas, no confirmation on how to trade at the moment, it be better to sit back and let things play out going into tomorrow
Oversold condition would favor a pull back at...
