EURJPY 7month Channel Up looking for a correction.EURJPY is trading inside a Channel Up for the past 7 months, consolidating currently around the 1day MA50.
The Channel Down on the 1day RSI hints towards a possible price pull back, the same kind that took place in November-December and June-July 2022.
Both corrections touched the 1day MA200.
Sell and target 152.000 (projected contact with the 1day MA200).
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EUR/JPY Gave 4 Hours Ago , +150 Pips 0 Drawdown , Updated This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EUR/JPY Long Setup To Get 200 Pips At Least !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Strifor || USDJPY-10/06/2023Preferred direction: SELL
Comment: For this currency pair, we also note a potential strengthening of the dollar, however, the more global picture here will gain the strength of a seller of the brightest of everything. It should also be immediately noted that at the very publication of data on the US labor market today, the instrument may behave opposite to the general dollar trend.
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EURJPY H4 | Potential bearish breakoutEUR/JPY is falling towards a breakout level and could potentially break through this level to drop lower.
Sell entry is at 155.796 which is a pullback support.
Stop loss is at 156.40 which is a level that aligns with the 50.0% Fibonacci retracement level and sits above the recent pullback.
Take profit is at 154.341 which is a swing-low level.
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Strifor || USDJPY-10/05/2023Preferred direction: Neutral
Comment: Sell-priority is maintained in terms of price. Level 147.816 is in focus. On non-farm, the price can dive deep down and then try to recover. You need to be as careful as possible with this currency pair tomorrow during the release of labor market data.
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EURJPY H4 | Reacting off 61.8% Fibo?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 156.82, which aligns with 61.8% Fibo retracement.
Our take profit will be at 155.93, a multi-swing low support level. The stop loss will be placed at 157.30, an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money..
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURJPY Continuation PlayEURJPY has been trading in a range between 157.139 and 159.336 since early August. Earlier this week, price finally broke below the lower range boundary and it looks like price will remain below it.
I currently have a bearish sentiment. Although price may take a pause post-breakout, I anticipate continuation to the downside will remain likely as this reversal is underway.
EURJPY The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for EURJPY below:
The price is coiling around a solid key level - 156.47
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 157.47
Safe Stop Loss - 155.92
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Strifor || USDJPY-10/03/2023Preferred direction: SELL
Comment: Selling from the round level of 150 quickly worked itself out. A role here was played by positive data on the labor market, which allowed the major player to shed some of its positions in instruments. At the moment, a retest of the lower balance line is expected, after which the further medium-term situation for the currency pair will be clear.
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EURJPYEURJPY is trading in range and perfectly testing the lows and highs of the range.
Ranges are best in a sense just buy the support and sell the resistance.
Currently the price is hovering near the support level and seems like a fine buying opportunity.
If buyers attacks the support zone , it will be the easy ride of 163 pips.
FOREX ANALYSIS PAIRS Today we analyze Eurusd, Eurjpy and Gbpusd. On Eurusd market is in downtrend so we be looking for buy opportunity at resistance zone . On Eurjpy market are in range and we bought at support zone , here we also consider psychological zone. For Gbpusd market also in downtrend so going for short needed
EurJpy- Close to a support breakIn my weekend analysis about Jpy crosses I said that we should keep a close eye on these pairs because, although UsdJpy is still in a strong up trend, cross pair may have topped.
In EurJpy's case, yesterday the pair had a spike up, this spike was very short-lived lived and EurJpy reversed strongly and closed the day with a huge bearish engulfing.
At this moment the pair is trading exactly in support zone and looks like pressing for a break.
In such an instance, considering we had a month of range and distribution, we could see down acceleration, and the medium target could be 151.50.
Interim support is at 154 and this level could also represent target for shorter-term traders.