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Eur-jpy

EURJPY Sell opportunity medium-termThe EURJPY pair has been on a long-term bullish trend since the May 2020 bottom, best illustrated with the help of the Fibonacci Channel on this 1D time-frame. The price broke yesterday below the 1D MA50 (blue trend-line) for the first time since May 25, ringing the first bearish bell. The second could come from the MACD indicator, which on the 1W time-frame is close to a Bearish Cross formation. This pattern above the 1.000 mark has signaled sell-off sequences at least on the medium-term towards the 1D MA200 (orange trend-line). In fact the price action leading to today is quite similar to September 2020. After a break below of the 1D MA50 and a re-test as a Resistance resulting in a rejection, the price dropped near the 1D MA200. Same to June 22 2021. As a result we are bearish targeting 134.100 and then turning bullish towards 144.00. However, a 1D candle close below the 1D MA200 will be a bearish signal, so be ready to reverse to a sell towards the 1W MA200 (red trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
EUR/JPY Outlook (30 June 2022)Similiar to the EURUSD, the EURJPY had been trading in a range between 142 and 144, predominately driven by price movements in the EURUSD. I had been expecting the EURJPY to climb towards 145, on the back of a weaker YEN and the previously ranging EUR. However, now that EURUSD is tumbling lower, and YEN having reached historic highs, the EURJPY could break below the 142 support level. If that happens, look for price to move towards next support of 140.
Short
by JinDao_Tai
2
EURJPY 4hour Analysis June 27th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: EJ is off! Looking bullish here and we are actually mid move/trade right now. Currently it looks like price action will rally into 144.000 resistance before we see any sort of reaction. For us to continue buying EJ we need to see structure above 144.000 resistance. Trade scenario 2: For us to consider EJ bearish the first step we would need to see would be strong rejection from 144.000.
Long
by ForexLeague
1
EURJPY on a double top 🦐EURJPY on the 4h chart is testing the recent highs. The market after the last bullish impulse creates 2 equals highs and is now trading over a minor support. How can i approach this scenario? I will wait for the EU market open and check for a possible break of the area. In that case i will check the opportunity for a nice short order according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
EURJPY LONG IDEAJune price action has printed new highs and has now exhausted back to retest the previous high as support. We can clearly identify here the beginning of a small trend change from bearish to bullish. Current confluences reinforcing a long bias are the new high higher high, bullish trend change, potential inverted head and shoulders pattern, support rejected, Daily time frame bullish engulfing candle / morning star followed by a weekly time frame low test. A valid exhaustion back into the proposed new higher low level will create the long zone.
Long
by THE_GOLDEN_SUITE
1
EURJPY 4hour Analysis June 12th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Looking very bullish on EJ still but we can see price action is pulling back to our 140.000 level. From this level we’re looking for some sort of bullish reaction with strong setups to enter long on. Look to target higher toward 144.000 resistance if can spot a clear higher low above 140.000 Trade scenario 2: For us to consider EJ bearish we need to start seeing structure below 140.000 support.
Long
by ForexLeague
EurJpy ready for short!Hello Traders, here is the full analysis for the pair EurJpy, let me know in the comment section below if you have any questions. The ellipse could represent a possible zone with good risk/reward to accumulate short position. Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations. What you will find here, are only views of a Cat passionate about Finance.
Short
by TheForexMethod
1
EURJPY for new recent highs - UPDATE - 🦐EURJPY on the daily chart is looking for a new all-time high. The market after the retracement into a descending channel tested the 0.5 Fibonacci level and broke above the daily resistance as expected. How can i approach this scenario? I will wait for the EU market open to look for a retest of the support area and set a nice long order according to the Plancton's Academy rules. Being Friday might be risky to open a trade and waiting for the next week can be safer. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
3
EURJPY Fundamentals and more potential UPSIDESHey traders, above is a fundamental overview on EURJPY, we have seen the pair flying recently to 142 levels. that was due to high levels of OIL and fear of inflation in JAPAN as the country is considered an OIL importer which result EURJPY to jump from 138 to 142 Levels, now the price is consolidating. we are watching to buy the retrace of the bull flag breakout where the price is consolidating for the time being. we still see some potential upsides as we have ECB statement on Thursday where we will focus on EURO longs as the EUROPEAN Central Bank is heading towards a hike in interest rate as one of the most hawkish statements around. Once we will receive any bullish confirmation the trade will be executed. Don't forget to leave your comment and opinions.
Long
by JoeChampion
4
EURJPY 4hour Analysis June 5th, 2022EURJPY Bullish Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: We are extremely bullish on EJ once again and we do have daily structure that formed near 134.300. This could be the rally to new highs & our -27% fib level. This is a big if, so to be safe want to exclusively enter long scenarios on 4hour structure forming higher lows. Trade scenario 2: For us to consider EJ bearish again we would need to see a break below 137.000 with lower highs below.
Long
by ForexLeague
1
EURJPY for a new high? 🦐EURJPY on the daily chart is looking for a new all time high. The market after the retracement into a descending channel tested the 0.5 Fibonacci level and is now moving to the daily resistance. How can i approach this scenario? I will wait for the break of the area and in that case i will move on the 4h timeframe to set a nice kong order according to the Plancton's Academy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
3