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Eurjpyanalysis

EurJpy can drop 500 pipsTwo days ago I said that EurJpy could correct some and reach 130 zone. However, the pair looks very weak and seems like a break of support is imminent. Looking at a longer TF, we can see that the pair has formed a very large double top starting from April, and a break here would confirm the pattern. I'm bearish this pair and I think that the 500 pips target from the double top will be reached in medium term. Sell rallies can be a good strategy and EurJpy above 130 would negate this scenario
Short
by Mihai_Iacob
2
Short EURJPY 06 Dec, 2021The support at 128.00 has been broken and then re-tested. The H4 view shows that the bears still have the upper hand but I feel that 128.00 will be seen again before the bearish move resumes. Note also that price has been below the 200 DMA and that by itself is a bearish sign. An entry at / just before 128.00 would permit a small stop loss and my target would be above 125.20 - a nice 4R trade opportunity. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management in all your trades.
Short
by Trading_Vista
EURJPY BUY 400+ PIPS?!EURJPY has entered a daily orderblock and POI and we are showing signs of rejection. On my chart I have shown two trades, one with a shorter stop loss which allows us to get a better r:r. On the smaller sl trade i will be risking 1% On the larger sl trade i will be risking 2% Max exposure - 3% Potential take profit areas are shown through purple lines. DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
Long
by Turtlesoup_Maestro
EURJPY Falling Wedge pattern? On the EUR JPY currency pair, I detected the emergence of a bullish falling wedge pattern. This pattern gives the possibility that EURJPY will move in a bullish period. I predict the price will move up and have 2 upside targets. My first target is predicting the price will move up to the Fibbonaci cluster boundary. Second, I predict the price will rise to touch the top resistance level of the falling wedge pattern Note : The market will always change, I'm just sharing my view on the possibility the market will go away. If you have a different perspective from your analysis view, let me know in the comments.
by ivanderyoshua