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Eurjpyforecast

EURJPY: Battle of the meek!EURJPY Intraday - We look to Buy at 139.00 (stop at 138.40) Buying pressure from 138.92 resulted in prices rejecting the dip. The current move higher is expected to continue. The hourly chart technicals suggests further downside before the uptrend returns. Preferred trade is to buy on dips. Our profit targets will be 140.75 and 141.70 Resistance: 141.70 / 144.30 / 147.20 Support: 138.80 / 137.55 / 135.95 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Long
by VantageMarkets
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY has a short-term UPSIDE BIAS at the moment. XXXJPY CURRENCIES BUYED VERY FAST WITH JPY WEAKNESS. Maybe it can reach 140.234 LEVEL. 142.295 is a very good resistance limit. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, the EURO can be BUY more. - Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 132.975 LEVEL. For that VIX should be UP and JPY should be STRONG.
by benny_marshall
is eurjpy forming a downward channel?on the 8 hrs we can see eurjpy establishing a downward channel which, i have reasons to believe is forming, because of Europe's instability & inability to control inflation i.e. on a broader look on the 3 day we can see eurjpy finish forming the head which i will publish after key points: . with the breakout of the jpys we see extreme volatility . market tends to react strong to opec and largard meetings . ecb aggressive rate hike to combat inflation spark concerns to whether they downplayed it . due to its extreme volatile nature trading it on the 8 hrs would reap most profits take away: . after the breakout we see eurjpy reaching a high of 144 however failing to break it 3 times which establish a roof/head . it later found support @139 to retest the high of 144 which it failed to break > a 139 was created when Ecb hints at a rate hike . after rejection @ 144 we see it found support @137 to go as far as 142 > 142 rejection was created when Ecb implement a very aggressive rate hike of 50 points which sparks the question, will this aggressive hike spark a recession? . with that information we can draw our channel line to see that price is down trending with resistance of (144, 142, ???140-138) and support of (139, 137, 135) > i.e. an interesting look at this chart is that price breach 135 but did it form the head and is this final trend bounce the right shoulder? outlook: . if price holds 135/136 we can buy and hold to 138/140 where the counter trend line is . if price can't maintain this region, we sell right to back 133 which will be current support previous resistance. . after the price goes back to 133 we take profit and wait for more information to see if price will break this neckline
Short
by shermuelinvesting