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Eur-jpy

EURJPY: Is the price BACK to its ASCENDING CHANNEL?Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/JPY ⚪ Technical Analysis : Since December 2020, the price has been following a clear ascending channel, bouncing many times on its dynamic S/R line. On the 14th of January 2021, the price broke through the channel, collapsing down until the main weekly trendline. It re-tested few times the same trendline before moving up again with a strong bullish impulse. Few days ago the price reached an important resistance zone, getting a really quick rejection. It's currently on the level 126.500, re-testing its previous ascending channel. The next price action will be essential to understand the next market movement. If you would like to have a quick look on my previous EURJPY analysis, click the link below: 🔴 Conclusion : In the daily perspective, the price is following a rising wedge and a couple of weeks ago it reached its dynamic trendline. The price is actually moving with a bullish impulse and I'm confident to see now a new rejection on the support zone at about 126.500 and a new bullish impulse until the next resistance zone at about 127.300. I'll be waiting the next few h4 sessions before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
16
EURJPY bounces at the 0.5 fib level 🦐EURJPY after the break of the ascending channel bounces over the 0.5 Fibonacci level of the previous leg. The market from there started a new impulse and now testing a strong resistance level. If the price will break above, according to Plancton's strategy, we can set a nice long order. --–– 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
4
EURJPY 4hour Analysis January 31st, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall this pair has been very bullish on higher timeframes. We recently saw a large bullish leg breaking resistance at 126.500. Now we want to wait for a confirmed higher low near structure at our 38.2% fib level. Look to enter long on strong bullish setups and target higher toward key resistance and negative fib levels. Trade scenario 2: For us to consider short scenarios we ideally want to see a break and retest of support at 126.000. Look to target lower after a confirmed lower high and strong bearish setups.
Long
by ForexLeague
1
EURPY for recent lows? 🦐EURJPY is moving inside a descending channel. The price after the recent low retraced back until the upper trendline at the 0.5 Fibonacci level before turning again into a bearish outlook. According to Plancton's strategy, if the conditions will be satisfied, we can set a nice short order. --–– 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
14
Chart EUR/JPY Update: Lower from 126.30 Fibonacci retracementThe test of the 126.30 retracement is giving way to a short-term pullback, whilst overbought intraday studies unwind. A break below congestion around 126.00 is highlighted, but rising daily stochastics and the improving Tension Indicator should prompt fresh FX:EURJPY buying interest around 125.50, before negative weekly charts extend losses still further. A close beneath here will add further weight to sentiment and put focus on 125.00. Meanwhile, a close above 126.30, if seen, will delay downside tests and open up 126.50/55.
by Continuum_Economics
EURJPY 4hour Analysis January 24th, 2021EURJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bullish Trade scenario 1: Overall this pair has been very bullish on higher timeframes. This pair is known for quick, large pullbacks & pushes so the dip we saw last week could’ve been the last bearish attempt before our next major rally. Ideally we’re looking for long entries after we see a higher low above 126.500. Target toward prior highs. Trade scenario 2: For us to consider short scenarios again we need to see a lower high form below 126.000. We’re not interested in making trades within the range for now.
Long
by ForexLeague
1