EURJPY Will Fall!EUR-JPY is trading in a
Downtrend and the pair
Is making pulback from
The horizontal resistance
Level of 161.436 so we
Are bearish biased and
We will be expecting a
Further move down !
EURJPY
EURJPY higher bearish to expect (high accuracy expected)
Hi viewers, EURJPY price on zone, here bearish continuation to expect, +on Friday we have ISM event where expect boost for JPY
TP1: 159.800 (150)
TP2: 158.800 (250)
EURJPY - ShortSelling only after the break under the HMA and the retest of the HMA
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management**
EURJPY Will Explode! BUY!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 161.66 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 162.35
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURJPY and CHFJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EJ - MUL TOP GOT BREAKOUT JXY Weekly : Japanese Yen Index is getting rejection at strong Weekly support. Meaning, there will be a SELL pressure for all JPY related pair.
For EJ, Multi top pattern got breakout. Let's find SELL pattern.
Bearish Sequence (Descending Triangle) - EJHere I have EUR/JPY on the 4Hr Chart! I believe we are seeing a Correction in the Bearish direction since EUR/JPY has been traveling in a UPTREND for quite some time!
Our current Highest High @ 164.308 on Nov' 16th is the first touch of the Falling Resistance followed by the failed attempt at a Higher High @ 163.719 on Nov' 26th forming what could potentially be a Descending Triangle Pattern!
**Chart Patterns are known to fail 1/3 of the time so BEWARE OF FALSE BREAKS!
Fundamentally this week:
EUR - CPI (Wed), Flash CPI & OPEC (Thur) and President Lagarde Speaks (Fri)
JPY - OPEC (Thur)
-Bearish Prediction-
If Price Breaks and Closes above 163.719, Set-Up INVALIDATED!
If Price Breaks and Closes below 161.245, Price Action will initiate my Trade Action Plan!
EURJPY → Next on the downside comes 161.20FX:EURJPY corrects further down and drops to four-day lows around 162.20 on Tuesday.
The continuation of the downward bias carries the potential to drag the cross to the weekly low of 161.20/25 band (November 21) prior to the provisional 55-day SMA, today at 159.40.
So far, the longer term positive outlook for the cross appears favoured while above the 200-day SMA at 153.37.
EURJPY Trading Opportunity! SELL!
My dear friends,
My technical analysis for EURJPY is below:
The market is trading on 163.35 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 162.52
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
#EURJPYIn the 4-hour timeframe, it is moving in an ascending channel, which with a morning star pattern at the bottom of the channel and a corner pattern can continue the upward trend until the specified area by forming a higher floor in the lower time frame.
EURJPY TECHNICAL ANALYSISGood day, traders.
We're going to examine the EURJPY. We will short to the 156.00 or 155.00 zone if we have a breakout and retest at the 156.83 support zone.Please take note that the current price movement at the support level is crucial.
Please "like" and "follow" my work.
EURJPY Will Move Lower! Short!
Please, check our technical outlook for EURJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 163.399.
The above observations make me that the market will inevitably achieve 162.547 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EUR/JPY Trade IdeaHello traders,
I would like to see EUR/JPY drop from these levels.
We have a nice Fibannoci setup along with a retest area.
Share your thoughts and ideas.
See more information below 👇
EURJPYPair : EURJPY ( Euro / Japanese Yen )
Description :
Completed Impulsive Waves " 12345 " and Corrective Waves " abc " and makings its Impulsive Waves ( Bearish ) Again. Rising Wedge as an Corrective Pattern in Short Time Frame and it can Reject from the Upper Trend Line or Fibonacci Level - 78.60%
Entry Precaution :
Wait for Rejection or Breakout
Euro Ascendancy: Unveiling EURJPY's Resilience Post-TokyoEURJPY underwent a correction at the onset of the Tokyo trading session following the release of Japan's National Core CPI data on November 24, 2023. Despite the data indicating a slight increase from the projected 2.8% to 2.9%, it's crucial to note that this led to only a minor correction in this currency pair. This correction aligns with market movements typically associated with economic data announcements.
Technical Analysis:
The currency pair currently positions itself near a robust demand zone identified at the 163.720 level. This zone has demonstrated significant resilience in previous periods, creating opportunities for potential further strengthening. In the realm of technical analysis, the target for strengthening is set at the 167.660 level, reflecting the pivot point since August 2008.
Supporting Factors:
Euro Strength: Despite a minor correction, the Euro maintains its resilience. Fundamental factors, such as the conservative monetary policy of the ECB, provide robust support for the Euro, particularly after touching a strong demand zone.
Japanese Inflation:
Despite a modest increase in Japan's CPI by 0.1% since October 2023, this can be viewed as a relatively insignificant impact that merely resulted in a temporary correction, presenting opportunities for short-term strengthening.
Historical Price Movement:
Historical price movement analysis indicates that EURJPY has the potential to reach its highest level since August 2008. This is attributed to the high-interest-rate policy implemented by the ECB in recent times, acting as a catalyst for this strengthening. Notably, the Euro has shown a robust increase against the JPY since October 30, 2023, with a notable surge of 3.44% as of the time of writing.
Risks and Considerations:
It's imperative to remember that trading always involves risks, and market conditions can change rapidly. Risks associated with changes in ECB policies, Japanese economic data, or geopolitical factors should be vigilantly monitored.
Disclaimer:
This analysis is for informational purposes only and does not constitute investment advice. Trading decisions should be based on in-depth analysis and an understanding of associated risks. Trading always carries risks, and past performance does not guarantee future results.
EURJPY TREND LINE BREAK 1HR - SELL OPPORTUNITYClear trendline breakout with retest on lower trendline. Sell limit set from order block and imbalance on 1hr timeframe. waiting for equal high liquidity to be filled. Could be a great 1:9rr. If triggers running in 1:1rr will be trailing sl to previous lower high.
EURJPY will do longEurjpy has been broken the flag pattern and it has tested.so we can do long by taking a small risk
EURJPY H4 | Falling to pullback supportEURJPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target.
Entry: 161.575
Why we like it:
There is a pullback support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 160.440
Why we like it:
There is an overlap support level
Take Profit: 163.559
Why we like it:
There is a pullback resistance level
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Strifor || USDJPY-21/11/2023Preferred direction: SELL
Comment: The Japanese yen also performed well, and it was shorts on this pair that allowed us to close the target on the previous trading idea. Now the bearish mood remains and in the near future the long-awaited level of 147.801 is expected to be touched. Near this level, especially below it, there is immediately quite impressive liquidity, which can show itself in any way, and we will know this only after touching it.
The main scenario assumes that we will approach this level almost without obstacles and test the area below it. The second scenario, less likely, is that the price will pause a little before reaching the specified level, but even in this case, it is expected to fall to the same target.
Thank you for like and share your views!
Strifor || EURUSD-21/11/2023Preferred direction: SELL
Comment: The euro worked out exactly our previous long scenario. At the moment, the growth is most likely exhausted in the short term and a pullback is expected. The rollback is expected to be towards the nearest support at 1.07750. This is the main scenario.
The second scenario assumes that buyers will be able to gain a foothold at current levels, which is unlikely, of course. However, we cannot completely rule out this scenario.
Both variants are indicated on the chart.
Thank you for like and share your views!
