Eurjpy!
EURJPY Potential UpsidesHey Traders, in tomorrow’s trading session we are monitoring EURJPY for a buying opportunity around 157.500 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 157.500 support and resistance area.
Trade safe, Joe.
EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
EUR/JPY BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 157.254 area.
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Strifor || USDJPY-09/29/2023Preferred direction: Neutral
Comment: There is no need to expect shorts just yet, and most likely the best option would be to wait for the approach to level 150, from where one can gradually gain shorts. Entry into the sale of this currency pair is meant to be multi-level. In the medium term, before the fall, it will most likely exceed the level of 150. In this scenario, it is expected to gain shorts several times. In a more positive scenario, the pair will fall from the 150 level, but it should be noted that this is unlikely.
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EURJPY Will Explode! BUY!
My dear friends,
My technical analysis for EURJPY is below:
The market is trading on 157.53 pivot level.
Bias -Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 158.13
Recommended Stop Loss - 157.19
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Range-bound EUR/JPY: Is Distribution in Play?A few days back I discussed UsdJpy, saying that even though there is a high divergence between FED's and BoJ's policy, at the same point the pair could reverse hard.
In EurJpy's case, however, things are not exactly the same and technically, we even have strong signs of topping.
Looking at the h4 posted chart we could see that for a month and a half now the pair is in a range and in fact, it looks like pressing down so it could be in fact, distribution.
That being said, as long as 158.50 is intact, I looking to sell rallies in anticipation of a break under support.
As for the target, 153 is a pretty reasonable one if we have a genuine break
Strifor || EURUSD-09/27/2023Preferred direction: Neutral
Comment: The currency pair worked out the previous short scenario perfectly and at the moment all transaction goals have been achieved. At the moment, the price will move on, and it would be best to take a break and watch the market. In the near future, a rollback to the level of 1.05700 is expected, from where we will consider potential entry points.
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EURJPY; Trade what you see, not what you think!(It is time to start a fresh EURJPY post - once again -, the previous one(s) having grown too long to remain practical.)
The Weekly - With special attention to the two, most recent Hammers;
The Daily - With it's completed H&S, including the neckline break;
(All the visible patterns were also updated on these charts due to some earlier inaccuracies - misalignment - which snuck onto the previous versions of these charts - mostly on the higher time frames.)
Actively looking for a SHORT Entry here! (if not Short, yet.)
Eur/Jpy Selling on the back of EUR weaknessQ1-2023. High energy costs and elevated inflation are increasingly weighing on Eurozone
real household disposable incomes, even if overall inflation pressures are not as broad-based as in some other major economies. In addition, disruptions to energy imports
from Russia (oil and natural gas, both planned and unplanned) have the potential to
further elevate energy prices or weigh more directly on production. To be sure, the
starting point for Eurozone finances is quite sound, with nominal income growth largely
keeping pace with inflation and the household saving rate still high by historical
standards. But, as those supportive household finances begin to wane over time, we
believe consumer spending will increasingly come under pressure. In addition,
manufacturing activity could be impacted more directly by energy disruptions, and ta;ls
pf U.S. recession could also weigh on the Eurozone economy.
This could also force buyers into safe havens such as JPY, hence why we chose EURJPY to
short.
Sell Now: 138.990
TP: 137.260
Sl: 140.053 (110pips)