EURJPY Remains BullishEURJPY continues to trade within a bullish channel, indicating ongoing upward momentum. The consistent adherence to this channel suggests a favorable environment for further upside potential. As the pair remains within this channel, investors are optimistic about its prospects for additional gains in the near term.
EURJPY
EURJPY: Bearish Continuation & Short Trade
EURJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell EURJPY
Entry - 161.81
Stop - 162.32
Take - 160.72
Our Risk - 1%
Start protection of your profits from lower levels
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Buy EURJPY Channel BreakoutThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a recent upward breakout from a channel pattern.
Buy Entry: Consider entering a long position around the current price of 161.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 162.04 and 162.30. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 161.10. This helps limit potential losses if the price reverses and breaks back down.
Thank you
EURJPY → A break of resistance will lead to a rise to 164.0FX:EURJPY is realizing the potential of rebound from support and forms a retest of resistance. At the moment consolidation is forming above the level, which increases chances for further growth.
Globally, the currency pair continues to form a strong bullish trend, having left the previously formed ascending channel, which is currently a strong support area. The price is retesting the resistance at 161.87, after a small correction the chances of breaking through the level are increasing. The weakness of the Japanese Yen is quite clearly shown on the quotations. The price consolidation above 161.4 will allow to overcome 161.870 and continue the growth towards the range resistance - 163.6 and 164.2.
Resistance levels: 161.87
Support levels: 161.4, 160.9
The currency pair continues to strengthen, buyers are quite active. Consolidation above 161.4, breakout of 161.87 and consolidation above this area will form a local bottom for continuation of growth.
Regards R. Linda!
⚡️Strifor || EURUSD-15/02/2024Preferred direction: BUY
Comment: US CPI data strengthened the position of the US dollar , but nevertheless, the momentary collapse is quite significant intraday, and in the medium term, this downward impulse is not so terrible. As before, the medium-term vision remains in favor of the buyer, and a reversal can occur at any time. After the collapse to the level of 1.07000 , the market began to become saturated with BID-orders, which should have led to a price recovery, but this did not happen, which hints at the presence of a limit seller.
In the short term, we highlight two scenarios. The differences between scenarios 1 and 2 lie in the depth of the likely false downward movement. This may be because there is a buyer who was unable to go higher; against this background, the limit seller can update the current minimums, and then begin to grow.
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EURJPY H4 | Bearish breakoutEURJPY could continue the downtrend and reverse to the take profit level.
Sell entry is at 160.299 which is a pullback support level that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 161.722 which is a swing-high resistance.
Take profit is at 158.166 is the overlap support.
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EURJPYIs EURJPY exhausting at strong resistance level?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after reaching at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 159 followed by 155.
What you guys think of it
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours.
Key Points:
Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure.
Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move.
Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down.
Thank you
EURJPY I Strong possibility it will keep growing Welcome back! Let me know your thoughts in the comments!
** EURJPY Analysis - Listen to video!
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⚡️Strifor || GBPUSD-15/02/2024Preferred direction: BUY
Comment: Just like in the euro, we stubbornly continue to look closely at purchases in the pound. Of course, this idea has exclusively medium-term prospects. Scenario №1 is in the works, and scenario №2 may be activated in the near future. In this case, long entry points will need to be looked for near the level of 1.25000 . Regarding the targets, everything is unchanged - 1.27000 and 1.28000 are the main ones.
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EURJPY → Trend movement continues FX:EURJPY is recovering mainly on the background of the growing euro, which is reacting to the falling dollar. The currency pair has local resistance ahead.
On D1 we see a weak uptrend, but, the bullish reaction in the market followed after the retest of the false breakdown of the 50-day moving average and this is quite a positive sign as the market is trying to consolidate above the strong support at 158.0. There is an ascending price channel forming on H4, which also coincides with the global trend in its direction. Hence, it is convenient for us to consider buying on this market. To buy, we should consider a rebound from support or a breakout of resistance. The target in our case is the border of the range 161.4.
Support levels: 158.6, 159,25
Resistance levels: 160.0, descending resistance.
The currency pair may continue the recovery stage. The breakout of the nearest resistance will only accelerate the distribution after the correction.
Regards R. Linda!
EUR/JPY carving out an M Top pattern - SHORT from 160.76EUR/JPY is in the process of possibly carving out an M-Top candlestick pattern at a level of historical resistance.
The neckline comes in at 160.74 which will be our entry.
We are looking for a 1:1 trade so our STOp is above the last high and our take profit comes in at 160.24 though this is below the 2090 EMA on H1 and its likely that if the trade does trigger then the 200 EMA may halt and BEARISH progress.
The trade will have to trigger within the next 15 H1 bars or the setup is nullified.
⚡️Strifor || EURUSD-13/02/2024Preferred direction: BUY
Comment: Since last week, as well as earlier, we have maintained a confident long position on this currency pair, which we continue to do. The current trading week will be more eventful with the publication of economic data; we will be especially interested in inflation in the United States. You can also find long entry points around current levels. The growth target is still at 1.09000.
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Type2 Bearish Gartley Pattern on 15 Minutes ChartAn intriguing trade opportunity has been identified on the 15-minute chart involving a type2 Bearish Gartley Pattern. While it may not appear significant on the shorter timeframe, looking at the Daily Chart provides a different perspective. Utilizing the Combo Trade Management System and targeting the first level of support can yield attractive returns.
What are your thoughts on this trade?
EURJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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EUR/JPY SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so EUR-JPY is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 159.518.
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