EUR/JPY has been rejected at highs by 126.62, strong trendline resistance seen at 126.60 levels. Pair has been rejected multiple times at trendline since Mar 11th trade. Only breaks above could see further upside. Momentum studies on the 4 hourly charts have turned bearish. Breaks below 10-DMA at 125.61 see little support till 125 levels. On the flipside, break...
I still think we are going to see a continue of bearish momentum
I have added a few things i think are could happen over the next couple of days.
EUR/JPY spiked above last month's resistance at 125.00 post ECB meeting yesterday. The pair has also broken above 126 resistance and we see scope for upside till 128 levels. Extremely volatility seen post ECB event, where EUR initially plunged after the central bank aggressively unveiled more stimulus. Draghi’s presser triggered a quick reversal rally as...
BAT PATTERN PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: BAT PATTERN Hello traders, it's been awhile since I've posted a trade idea. Keeping busy in the Live room. Here's a Potential Bat Pattern on EUR/JPY NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart WEBSITE: ...
125 is strong resistance for EUR/JPY, the pair has slipped below the 125 handle after hitting session highs at 125.23 on the day. Pair has re-entered channel at 124.44 levels, but is struggling to extend gains beyond 125 handle. Techs show scope for upside is rising: - We see a bullish 5-DMA crossover on the 10-DMA - Daily Stochs and RSI have rolled over from...
It just pass the reversal point and HH now.
Very nice harmonic move for the next week. As we see there is a nice ABCD completed pattern @125.43. Our targets are fibs 0.382 and fibs 0.618. At 0.382 we have a nice support level which is also a structure level of AB leg. Our stops go above 125.43. -- www.rcpforex.com
I have been short this pair for a long time and we recently saw the key level of 126.00 broken with a lot of momentum. We are now see price move back and approaching this level once again for a retest which could provide a fantastic swing trading opportunity. I will be monitoring price action very closely and look to take a nice short with the long term target...
Nice and simple- broke trend line SL- 121.580 TP1- 124.880 TP2- 125.980
As you can see we might face a bat pattern plus an ABCD pattern.
This could be EURJPY H4 breakout out of Feb downtrend formation
On FX:EURJPY , the market is not trending . However, the harmonic bat pattern appears which gives an opportunity to go short. The price was going up on Monday and the next swing high is a good level buyers to lock their profits and sellers to step in. This will result to price dropping. T1 - 38.2% T2 -...
The pair is moving in bearish trend. My sell zones are set as shown in the chart. I am looking for fibonacci levels to start selling. My target area is aroung 120.00.
EUR/JPY recovery from multi-year lows at 122.45 (last seen in Apr 2013) was capped at 125 on Friday's trade. The pair has slipped 5-DMA at 123.90, and finds next strong support at 123.20 (wedge base). Doji formation evidenced on Friday's trade, pair unable to take recovery beyond the 125 handle. Price action well below the cloud and major moving averages...
The pair is at the bottom of the 21 month old corrective structure and this may well be the last lag of structure giving an opportunity to go long from here, the possibility of a break above the corrective structure to start another impulse upwards is very much in the table provided that we continue to go up and avoid a break down of the structure.