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Eurjpyprediction

EURJPY right above strong support, remain bullishBuy above 119.62. Stop loss at 118.63. Take profit at 121.08. Reason for the trading strategy (technically): Price held at our buying level perfectly yesterday. We remain bullish above 119.65 support (major horizontal support, Fibonacci retracement, EURUSD positive correlation) for a push up to 121.08 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (21,5,3) is seeing strong support above the 6% level.
Long
by theforexarmy
EURJPY Pending Sells, model suggests large move comingMorning guys, Glad we all managed to make some on the eurusd trade yesterday at 1.08298, with the ECB offering a bazooka purchasing bonds with a minimum one year maturity including those with yields below deposit rate (-40bps). EURUSD has begun its move toward parity in coming months, most likely before the French Elections. If anything the ECB policy meeting yesterday confirms that stance. Whilst mapping out the political landscape with Netherlands election in March, France April/May and Merkel losing ground to populist parties. An election in Italy should not be ruled out either given the limits on the banking system particularly stemming from Italy. Technically speaking, selling rallies into previous areas like this are a nice play, it is possible that we have missed the eurjpy move coming close with no cigar. It is also expected for those who are in the 1.08x shorts on eurusd that we will see a pullback, staying short and selling rallies is a good play where FOMC will be raising rates. The model is implying a large trend change will come in January 2017 so paying attention to events ahead will be imperative moving forward. Likes and comments are always appreciated, and please expect me to go on about my euro parity call for so long once we get there :)
Short
by TheBanker
5
(EURJPY) - Daily - SpeculationWe have a big trend line stretching as far as January 2016 which finally broke yesterday. we might have a small pull back before our setup is ready. buy whenever you feel it fits your strategy. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signals, do your own research first and you are responsible for your own entries, exit, profit and loss management. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by OG-Tellz
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. Likes and comments much appreciated here guys, thanks. www.tradingsignalreviews.com
Short
by TheBanker
4