Eurjpylong
EURJPY LongGood day traders,
EURJPY is currently trading in a falling wedge. We have also spotted a Bearish Gartley harmonic pattern that is currently being formed in the falling wedge pattern. Before we begin to sell we first have to complete this Bearish Gartley that will reject at the top of our wedge pattern. We will consider the top of the wedge pattern as our resistance and the bottom as support. We will then sell from point D to point A.
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EURJPY WEEKLY TRADE Hi traders,
Same goes with EURJPY is still moving within the consolidation area between the lowers 142.939 and the high 142.939.
The market ended the weekend with a high of 140.754and a low of 159.587.
still waiting 140.620 or 140.297
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EURJPY H4: Bearish outlook seen, reversal below 142.90On the H4 time frame, prices are approaching the resistance zone at 142.90, in line with the Fibonacci confluence levels where we could see a reversal below this level. The 142.90 resistance zone coincides with the graphical resistance zone and 61.8% Fibonacci retracement and extension level. Stochastic is approaching its resistance at 89.84 as well, where we could see a reversal in prices.
EURJPY giving a weird buy signal with a bearish patternFunny enough, a Descending Triangle has formed on the EURJPY.
And yet, there is a Bullish bias to the charts.
7>21 MA
RSI>50 - higher lows (Bullish divergence)
Target 146.43
Medium probability
We do need to wait for a breakout UP though before we come to these bullish conclusions.
EURJPY moving in a channel.EURJPY - Intraday - We look to Buy at 140.40 (stop at 139.80)
Selling pressure from 141.98 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
Previous support located at 140.55.
Further upside is expected although we prefer to buy into dips close to the 140.40 level.
Our profit targets will be 141.80 and 142.10
Resistance: 142.70 / 144.85 / 148.40
Support: 140.90 / 139.10 / 136.95
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EURJPY - Short active ✅Hello traders!
‼️ This is my perspective on EURJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish orderblock + institutional big figure 142.000.
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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.
For that, the support of EURO STOCKS and VIX must be received. We have no more confirmation that the EURO is likely to be WEAK.
EURJPY can be SELL at 140.104 level before BUY. After that you can BUY at 147.15 LEVEL. If the MAIN STRUCTURES BREAK anyway, the EURJPY price can definitely be BUY at 147.15 LEVELS.
EURJPY - Bearish price action ✅Hello traders!
‼️ This is my perspectiev on EURJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect continuation of bearish price action to take out sell stop liquidity below equal lows.
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#EURJPY- LONG EXPECTING CLEAN MOVE-Due to weaker DXY, JPY dominated the last few days, price have dropped significantly, however. expecting bullish pattern to occur on DXY and that will help JPY pairs to fill up the liquidity voided area.
-As it described on the chart that price may come down to 137.60 region to retest that area and then bounce from there, however, it may not come down to that region and just continue the bullish momentum from today's close.
-Long term view on EURJPY is bearish, in our opinion price have significantly shown bullish impulse and has taken price to an extreme and exhausted level, longer term it should come down to 130.
-What you all think?