Eurjpylongterm
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
4HR Analysis for EURJPYI believe the overall trend for this pair is bullish bias, however there will be be a moderate retracement to and below the 124 handle. I'll keep it short on this post and let the audience do some digging on my chartwork to see if it makes sense. I based this chartwork solely off pure market movement and left out indicators. Please feel free to ask me any questions.
ORBEX: EURJPY - Successful Zig-Zag Could Validate ReversalIt looks like the corrective intermediate wave (C) of the corrective bearish Primary wave 5 ended at 115.87. As part of Cycle b, or 2, we can now expect prices to move higher medium and long-term with one of the medium-term upside stops laying at 122.54.
The current minute ii correction is likely to end as a zig-zag complex pattern w,x,y with minuette y potentially ending near 116.76, where the 78.6% FR of the minute impulse is. In case it turns up sooner, we should be looking that happening from next week onwards, if not today, Friday.
The current structure suggests that once this correction is done with, prices could continue up and end complete the 5-wave minute impulse at the 1.618% FE, where minor 1 is likely to form a corrective pullback pattern.
We could look for short-term sells and then a reversal to follow the motive minute wave iii.
Invalid below 115.88
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice.
Bullish bias domination,The EURJPY pair formed new bullish channel recently to confirm the affection by the bullish bias domination, while the main support line consolidation at 128.65 besides the price stability above 38.2% Fibonacci correction level at 128.85 reinforce the continuation of the positivity, to expect targeting 129.65 followed by 130.20 levels in the near term period.
Stochastic success to reach the overbought areas agrees the bullish overview by providing the required positive momentum to resume the suggested targets.
Currency Pair: EURJPY 0.10% 0.09%
BUY Limit Entry Price:1.29300
Take Profit:1.30200
Stop Loss:1.29300
Capital Risk:500USD(amount may vary depending on your account size and risk tolerance)
Potential Reward: 500USD
Risk/Reward: 1:1
EUR/JPY BullishFundamental data of Japan are still weak applying QQE for years. BOJ has to keep loose monetary policy, hoping everything may get better.
Even worse, birth rate of Japan shrinking year by year, aging society cannot be ignored when we do fundamental analyse. Under such circumstances, low unemployment rate is not as good as it shows. The main problem of Japan is inflation rate, which has been below 1% for about 6 months.
Euro area unemployment rate is declining, inflation rate reached 2%. Obviously, the economic in Euro-zone is getting better. ECB planning to reverse QE step by step, and after that, increasing interest rate will be discussed.
Because strong Euro will affect DXY, which may support JPY goes up, it is not suggested to trade USD/JPY in a long run.
Strong Euro and weak JPY may be a better pair to trade. It may be bullish for approximately 2 months.
EURJPY - Bigger picture-Although EUR is way too bullish at the moment, but i would prefer longs it makes a consolidation here and completes this structure.
-It may break above and go rally to extend 3rd wave so just wait and see how structure develops.
-On lower time frames, buy low and sell high.
Good luck!
Short EURJPY Longterm Based on 30M + 4H ChartsWe saw a bullish EMA crossover (Golden Cross) occur on the 26th of April 2017 on the 4H chart and price has respected this crossover and has been riding above it, making higher highs. However, in recent weeks we've seen progression slow down and we have made our first Lower High as the uptrend begins to curve round to the downside.
Price has also fallen below the EMA50 and is heading towards our first price target of 123.158 which would make it's first Lower Low.
On the 30M chart we can see the EMA50 has now crossed below the EMA200 (Death Cross) and with strong divergence to the downside, this would support our decision to short the EURJPY pair.
Place your stop at 124.695 and price targets of 123.158 but we're not setting a TP, we will let this run and adjust our stop accordingly to secure profits.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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EURJPY Uptrend Start, or retracement for downtrend continuationNot a setup, but a downtrend continuation prediction is what I have in mind.
Price could follow the uptrendline, to continue up as Fibonacci tool predicts where it will lead to,
while 117.7 hit 61.8% & may be enough to continue downtrend with Traders Dynamic Index indication of reversal from an uptrend start.
Or price to move up according to its minor fibonacci lines 61.8% to 119.6, being, still at a red zone of the major fibonacci, allowing a turning point in the future to continue down if other conditions necessary continue to be met at that time.
Eurjpy Buy Opprotunity on 4h ( on Bat harmonic pattern )point D Bat pattern Complete and Buy from 119.55-60 area and 1st tp is 120.20 and tp 2 120.60 ,
this is short term Oprotunity , and I Recomend , Take profit on tp1 and see price action , if price action make reverse candlestick then sell from that point tp is 118.60 and I also watch long term sell
EURJPY Trading Tips and Market Analysis 4th July 2016SUMMARY:
The EURJPY pair bounced slightly during the course of the day on Friday, using the 113.28 level as support. At this point in time, the market is looking bearish. The primary trend of EURJPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its daily chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 115.50 Support at the level of 113.28. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY:
EURJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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