EURJPY ANALYSISEURJPY ANALYSIS
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Eurjpyidea
EURJPY, having some pullback, long when touches supportEURJPY, a healthy pull back, long if it touches the area level of support!
EURJPY - Daily-H4 TimeframeThis trading idea is based on Daily & H4 timeframe. I'm expecting it to have a drop break the previous consolidation zone.
Disclaimer: If you choose to follow this trading idea you do so at your own risk after giving thorough and reasonable thought and consideration to your actions. All trading is high risk and one of the most difficult activities you will ever consider. Don’t trade with money you can’t afford to lose.
EURJPY MASSIVE SWING ( DONT MISS THIS ONE)Through back, we had a price that was trapped inside a bearish channel and then price changed direction immediately after tested the overall support, Currently price has break the channel and has provided impulse move to the upside let's wait for a RETEST before Longing EURJPY
EURJPY H4 view PREPARE TO TRIPPLE YOUR ACCOUNTS WITH EURJPY EURJPY Will go short after RETEST however in overall we are looking for BUYING ( SWING)
EURJPY SELLThis is EURJPY 1H timeframe analysis, i'm expecting the market to sell for about 80 PIPs before buying.
EurJpy needs to make a decision For almost a month now, EurJpy is trading in a tight consolidation just under 127 important resistance. Since May the trend for the pair is clearly up and now we also have a rectangle continuation pattern. I expect a break above 127 sooner rather than later and the pair should accelerate gains to 130 next important resistance.
I'm bullish as long as the price stays above 125.50
EURJPY SELLThis is EURJPY 4H timeframe analysis, i'm expecting the market to go down for a retracement before it'll go up.
EurJpy- I maintain my 130 targetFor almost 2 weeks now, EurJpy is consolidating gains just under important horizontal and long-term trend line resistance.
As I said before, I expect a new leg up from this pair and 130 zone is my target.
125.50 zone should be very well defended by bulls and a break above consolidation should bring continuation and confirmation
EURJPYUpdate to my previous chartwork: I believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement below the 125 handle. I left out indicators as I trade purely based off naked charts/candlestick analysis more often these days as they've been playing up to par.
EURJPY SHORTLooking like a short as various test of the 4hr supply zone. looking for short targets of 125.000 - 123.000
EURJPY – The Uptrend with the target of 128In weekly chart, the wave of 2 / B has ended in the range of 94.11, the price is currently in wave 3 from point 3 / C.
( Weekly Chart )
In sub- waves of wave 3, the wave 2 is completed with a Diagonal pattern in the range of 114.39.
In the daily chart, with the completion of wave 2 in the range of 114.39, the first ascending wave in 3 is ended in the range of 127.07, and its retracement movement is finished in the range of 121.51.
(Daily Chart )
In the 240-minute chart and by reviewing the details, it is clear that the price is in the wave 3 of iii, which should be a long wave. The confirmation of this uptrend will be received by the price crossing the range of 126.73.
EurJpy- consolidation in descending trendlineAs I said yesterday I expect EurJpy to continue higher.
As we can see from the daily chart the pair is consolidating for 7 trading days now just under this important and definitory resistance and in my opinion, we will have a break to the upside.
125 is very strong support now and 125.50 zone should hold for the bulls to be in total control
EurJpy- Can break above 127In my last EurJpy, I said that I expect 125 resistance to be broken and the price to reach 127 zone. This happened and we may ask, now what?
As we can see from the chart, the impulse for EurJpy is strong and although we have a normal correction from 127 zone, this is forming a flag.
I expect the bulls to defend 126 zone and eventually EurJpy to break above 127.
Also, a break above 127 would be a signal for a long term change of trend.
P.S: UsdJpy looks like will go above 105 and also EurUsd is in a strong uptrend on the medium-term, so would mean a perfect situation for buying EurJpy
EURJPY Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of EURJPY (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 50 - Dec 07
M > Price is respecting downward resistance trend-line, it has tested the same and monthly resistance. We can expect a rejection to the downside.
W > Price has returned back to test monthly resistance creating an over extended W formation.
D > Price made an impulsive bullish move breaking weekly supply zone and after rejection at resistance it dropped and made another attempt to break it to the upside but ended last week with a bearish pin bar.
As per COT EUR saw addition of Long and closure of Short, slightly enhancing net positions further. Open interest in EUR has increased by about 27K positions since start of November. EXY has been strengthening for past 3 weeks. JPY again saw addition of major Long and some Short positions improving net positions to highest in this year. JXY however weakened during the said period and was indecisive last week ending in a Doji. We can expect strengthening of JPY this week.
4H > We have rejection at resistance level however this is not a bearish confirmation, creation of a LL will provide the same.
Pair Correlation > EURJPY has positive correlation with CHFJPY and CADJPY.
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AP17FX
