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Eurjpyprediction

EUR/JPY - 100 Pips+ Bearish OpportunityEUR/JPY has been in consolidation since the beginning of the month. As we can see on the 4H chart, the prices are in between the 200 EMA and 50 EMA. Meaning that a breakout in either direction is imminent. Most probably a bearish breakout since the 8H confirms weakness. SL should be put above the 50 EMA on the 4H chart, preferably a few pips above it to leave enough space for the pair to move in case of volatility. *If the pair does not break the 131 level but rather finds support on top, then we would have a breakout to the upside. Trade safe.
Short
by MoolahMaker
Bank of Japan continues to disappoint buyers of yenThe current week is extremely busy in terms of activity of the Central Banks. The Bank of Japan, the Fed, the Bank of England (not counting the meetings and decisions of less significant Central Banks such as the Bank of India) announce their decisions on the parameters of monetary policies. So far, everything passes without surprises. Initially, the Bank of Japan, and then the Fed, left the parameters unchanged. But if the dollar by and large ignored the results of FOMC meeting, then the reaction to the decision of the Bank of Japan was more aggressive. Therefore, let's talk in detail about this, as well as the prospects for the Japanese yen in this light. The Bank of Japan has traditionally left the parameters of monetary policy unchanged. What played a cruel joke with the yen. The fact is that many expected hints or direct indications of a gradual departure from the ultra-soft monetary policy in Japan. But this did not follow. The Bank of Japan once again confirmed adherence to ultra-low rates both in the short and long-term periods. That is, the basic reason for the weakening of the yen has not disappeared anywhere and does not plan to do so in the foreseeable future. At the same time, the consensus on the market is that the ECB will start raising rates in 2019. Thus, the fundamental basis contributes to the growth of the EURJPY pair. Moreover, the weakness of gold recently shows that the demand for safe heaven assets is weak, which means that this factor will not be able to support the Japanese yen, which is traditionally considered a safe haven in the foreign exchange market. Given that recent macroeconomic statistics also play against the yen (Japan's industrial production fell sharply in June: -2.1% at the forecast of -0.3%, and unemployment on the contrary grew 2.4% vs. the forecast of 2.3%), there is every reason to expect further growth of the EURJPY pair. The minimum growth targets for the pair are around 131.50-132.00, but it is possible that the euro will strengthen against the yen up to 135 in the foreseeable future. Our recommendations - buying a pair from the current prices.
Long
by Trade24Fx
EURJPY Sell Opportunity...Guys EURJPY Possible downward Keep watch and take profit Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Short
by sakthideva