EJ BuysBeautiful Daily morning star pattern!
Simple retrace EJ has maintained its bullish trend
-ITUProfessor
Eurjpyanalysis
EURJPY - What i think is this!Hi friends
EURJPY - what will i wait for EURJPY is on chart.
What I expect is a strengthening of the Euro against the Japanese Yen, and based on the current patterns in the 4-hour timeframe, I think it will be a good start to the week for the Euro.
EURJPY 2June2023the possibility of wave 5 cannot continue bullish to go higher than wave 3 and now the price looks like a reversal I marked with a bearish confirmation level line. you can go short at this time.
EURJPY Wait For Breakout! EUR-JPY is about to reteset
A strong horizontal resistance
Level at 151.141
So IF we see breakout rising Support
Then I believe the pair
Will go further down !
DeGRAM | EURJPY test of the psychological levelEURJPY is making higher highs and higher closes, indicating a bullish trend. It's trading in the ascending channel.
The market is pulling back to the confluence levels of resistance (pychological level at 150.000) and fibo.
We expect a trend continuation trade from the kill zone.
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EURJPY: The bulls!Predicting continuation of the uptrend
EUR/JPY is a forex quote that represents the exchange rate between the Euro and the Japanese Yen. Traders like to borrow the low-yielding Yen to fund carry trades and buy higher-yielding currencies like the Euro during times of optimism. However, during times of market stress, investors tend to avoid carry trades. EUR/JPY is affected by shifts in global economic performance and stability. The Eurozone debt crisis and the Bank of Japan's anti-deflation policy introduced in 2013 also contribute to the pair's volatility.
EURJPY are you rdy ?🧨😉currency pairs EURJPY
At the moment, we can see a good entry point for this currency pair to open the trade up and buy.
The entry point is $151.503, the stop loss point $151.200 can be good and we can see two targets to profit from this currency pair: $159.628 and $168.451
We have to wait for confirmation.
EURJPY POTENTIAL PROGRESS FORMATION IN PROGRESSWe can see that the pair has turned bullish after a short correction. We have also identified certain patterns which further
support our bullish basis. These have been listed below:
1: The pair is in a strong uptrend as the price is making new highs
2: Trendline breakout
3: Pennant pattern breakout
We will wait for the price to correct on the lower time frames after the trendline breakout then only can we start to look for
reasons to enter long. We do not take trades with less than 1 to 3 risk rewards. If we get stopped out , we follow our trading plan as
we wait for a new setup to form. We only take one entry per setup and do re-enter when stopped out as we see this as revenge/over-trading.
EUURJPY 23-05 Possible MovePair : EURJPY ( Euro / Japanese Yen )
Description :
Bullish Channel as an Correction in Long Time and Rejection from the Lower Trend Line
Impulse Correction
SMC - CHOCH
Break of Structure
RSI - Divergence
Falling Wedge in STF
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY
- Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK AFTER BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW.
- Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more.
EURJPY can be SELL at 145.95 level before BUY. After that you can BUY at 152.98 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 152.98 LEVELS.
EURJPY Chart H1Here is my view for EURJPY on H1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY BEQRISH IDEApotential bearish entry
Dow Theory in Place: Lower High and Lower Low Expected in Place
The double top, coupled with bearish divergence (a bearish reversal pattern).
The bullish trend is still intact; (be careful with your levels)
Entry, SL, and TP levels are defined.
EURJPY 21May2023last week I gave a hint that when the blue line is broken by the price then most likely the bulls are back on track. Next week is likely to be bullish by looking at the wave a-b-c notation that has been formed, seeing also the bullish slope of around 45 degrees is also an indication of a strong bullish entry.
Analysis EURJPY : 📅 5/18/2023Analysis EURJPY :
Due to being in a downward trend, I expect the price to move towards the specified targets.
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price: 149.200
sl: 150.050
tp1:148.000
tp2:146.300
tp3: 134.800
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👤 Alireza hajighasem : @alirezahajighasem
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📅 5/18/2023
EurJpy- Short term and medium term trading opportunitiesA few days ago I've written that EurJpy could resume its up move.
Indeed, after the confirmation of 146.50 as strong support, the pair started to rise and reached 149.50.
At this moment bulls look tired and in need of a correction, and this could provide short-term traders the opportunity to trade on the sell side.
As long as 149.50 is intact there are high chances of a drop and the pair could dive 100+ pips.
On the other hand, for swing traders, this correction could be an opportunity to join the long term trend at a better price and target, as explained in my previous analysis, 151 recent high.
DeGRAM | EURJPY test of the psychological levelEURJPY is making higher highs and higher closes, indicating a bullish trend on the 4 hourly chart.
The market is consolidating at support of 148.000 and psychological levels as well.
We expect a breakout of the consolidating zone, a pullback from it, and then a continuation of the trend.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
EURJPY Signal 16May2023seeing that there is price compression, it is likely that EURJPY will be bearish for day trade, according to the swing analysis that I shared last week
EurJpy found support and could rise againAfter reaching the 151 zone resistance, EurJpy started to correct and dropped to 146.00-146.50 zone support.
The medium-term trend remains up and as long as Friday's low is intact I'm in favour of further gains.
Buy dips could be a good strategy and with a target at the recent 151 high we could also reach a risk: reward ratio of more than 1:2
EURJPY: Entry for seller!Fundamental Overview
The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly impact the value of the yen. We anticipate that at the upcoming BoJ meeting on June 16th, the yield curve target may be shortened from 10-year to 5-year JGB yields, resulting in a significant increase in 10-year JGB yields and a corresponding strengthening of the yen.
EURJPY 12May2023the question is whether the correction wave is over? what I know is that if the price crosses the blue line, it is likely to continue the bullish trend, it is better for us to wait for the price to fall again and we are ready to buy
EURJPy Analysis W1Here is my view for EURJPY on W1. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
EURJPY - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURJPY.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for longs. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 144.000.
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