Eurjpyforecast
EURJPY-SHORTEURJPY is near a weekly trendline that serves as resistance.
On the smaller time frames, the 139.000 area seems to be holding along with the trend line. On the weekly TF, there’s been an EMA cross over which signals a possible continuation to the downside. It’s also near my 61.8% fib level, so there’s multiple confirmations that show a push to the downside. It’s just a matter of looking for an entry!
What do you think?
2X EJ 2HR Tech. Analysis!EURJPY has been selling from the 137.500 area every time it touches that area of resistance! The euro is weak and that is why I'm bearish as well! Also we see that every time price breaks through the 136.550 area, price fall +70 to +160 Pips! so we will take these easy pips EJ are giving us!
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
⁉️ EURJPY - Market AnalysisHello traders!
⁉️This is my analysis on EURJPY .
Here after price broke the structure I expect a retracement to fill the imbalance and a rejection from bearish orderblock + mid figure 138.500 to continue the sell-off.
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DeGRAM | EURJPY test of the psychological levelEURJPY broke and closed below the support zone at 137.000, which became a resistance.
Look left, the structure leaves clues.
If we get a rejection at that level, then we can sell.
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DeGRAM | EURJPY test of the psychological levelEURJPY is rejecting the psychological level at 139.000.
Price action broke and closed below this level.
It's simple breakout pullback continuation trade.
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EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY -
- EURJPY has a short-term UPSIDE BIAS at the moment. Maybe it can reach 139.202 LEVEL. 139.202 is a very good RESISTANCE limit.
- Some NEWS coming for the USD will help weaken the EURO. Here the price can be pulled down one more time by RESPECTING the EURJPY TRENDLINE very well. It may come down to 135.116 LEVEL.
- Somehow the price moves to the area I mentioned and its trend line
If the BREAK is done, the EURJPY price can definitely be BUY if the DOWNSIDE CHANNEL is BREAKED. For that, EURO STRONG and MARKET RISK must be ON.
EURJPY is in possible sell zone!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
DeGRAM | EURJPY bearish opportunityEURJPY is in a bearish trend on a 1 hourly timeframe.
Currently, the price is retracing to the 139.000 resistance level.
If price action rejects that level, then we are going to look for signals to short.
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⁉️ EURJPY - Market AnalysisHello traders!
⁉️This is my analysis on EURJPY..
Here I expect a retracement as we are in a bearish market structure. I am looking for short if the price fills the imbalance and rejects from bearish orderblock + institutional figure 142.000
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