Eurjpyprediction
EURJPY| Meeting The Emperor at 122.00 Checkmate Floor| 6thJuly20EURJPY has been seeing the downtrend over the years.
Like no other currencies, EURJPY has given the birth of an uptrend against the Japanese Yen.
Towards all other currencies, Yen seeing their currencies weaken all over the market traded.
This given the opportunity to other currency pair to strengthen.
2020 is the year where we all witness the weakness of the Yen.
As i watched the over the counter, the opportunity has been spotted this week.
I am very optimistic about the EURJPY and I am very sure the price will move to the 122.00.
Checkmate the price over the target. I am taking profit cycle by cycle.
Good luck.
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Regards,
Zezu Zaza
2048
EURJPY potential bounce!
EURJPY expected to reverse up to 1st support at 120.582 where it could potentially react and bounce to its resistance at 1st resistance at 121.454.
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EUR/JPY Short-term Update: 120 pips profit target, SL/TPPrice Action Analysis in EUR/JPY shows that it is ready to drop to the next support level. It is a good time to look for sell trades because the risk is low and the chance of making a profitable sell trade is quite high now.
Sell Entry: 120.45-120.60, SL: 121.20, TP: 119.35
EURJPYEURJPY is hovering around a key area of support/resistance. Which we broke through and now is resistance, we might see a retest of the area which aligns with my ascending channel. Will be looking for a third tap of the top of the trend line for a short entry if it gets to that in a corrective manner. If it breaks the structure impulsively will be waiting to see if it is a possible retest of the ray line above and will be watching how it gets to that area.
EURJPY BUY/LONG ANALYSIS!!!Once We see a clear retest and close above the @120.464, we will go long. This is because yesterdays daily bull candle closed just below the resistance, meaning that it is not yet a support. but there is still a-lot of bullish pressure, with a fantastic risk to reward ratio.
EURJPY DAILY TIMEFRAME!!! (LONG)Once We see a clear retest and close above the @120.464, we will go long. This will confirm strong bullish move to the upside. However Bulls are still evident and active. The weekly, monthly and daily all show bullish reversals to the upside. Buying momentum is also off the charts, so lets go long. This trade also holds a fantastic risk/reward ratio.
Price has also retraced and supported above the daily 50% Fib.
EURJPY Possible Sell/ShortGOLD BOX POSSIBLE ENTRY FOR SELL
1. Restest area of broken support
2. At the 38.2 (right rejection/continuation area)
3. Price could possible wick up into the 50% retracement (LOOK FOR RECECTION FIRST)
4. High confluence area
5. Divergence possibly happening on 4HR
I'll personally be looking for reversal candles/ rejection on 4HR around the trend line (38.2 -50.0 rejection.
EURJPY - BUY or SELL ?EURJPY
Full Analysis Description : We’re bullish on monthly momentum, we have also hit monthly resistance and made a pullback last week to previous support which is holding now. Currently, we are having a bullish move which can turn into a Lower High to continue going lower OR it holds within that area to continue to the upside.
At the moment, we wait on 4 Hour timeframe to see a clear picture for anticipating buy or sell trade opportunity.
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EURJPY short for 220 pipsGood trade this. Price action pushed up to a major level with a bearish engulfing candle printed on the 4h chart. RSI also overbought position. We might see a double top but yes, it looks a good shorting opportunity.
Please have patience on this trade and there are plenty of pips.
Let me know your thoughts.
Trade safe and good luck.
EURJPYTime = 1H
– Structure = Downtrend
– Pattern = Head & Shoulders
– Tendency = Downtrend
** Await market for Neckline breakout
Time = D
– Structure = Downtrend
– Pattern = Downtrend channel
– Tendency = Downtrend
** Above Chart indicated with Heikin Ashi FOR CLEAR VISION
GOOD LUCK
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