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Eurjpysetup

EURJPY: an upcoming BEARISH CONTINUATION?Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the EURJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In HTF, the market reached and broke the previous swing high level, forming a series of LTF reversal structures which could be a sign of market reversal and shift of momentum from bullish to bearish. Overall, in LTF we can see a formation of a head and shoulder pattern and the price is currently correcting inside the right shoulder. When, where and why would we step into the market? In the scenario of breakout to the downside, there is a high probability to see further bearish continuation, targeting the level at around 141.00, about the previous swing low. The setup would be valid if the price broke impulsively and correct once out of the current corrective structure. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
22
EurJpy- Up after support confirmation?After the break above 144 resistance in the middle of the month, EurJpy corrected and confirmed this break as a valid one on Friday and also yesterday. Both these touches of support are marked by long-tailed candles to the downside suggesting buying power in that zone. The price action since June is contained in a large inverted h&s and the up break is also a break of the neckline of this pattern. I favor more gains for this pair and, considering the measured target of the H$S, 154 could be swing traders' target. Only a close under 144 would put a pause to this scenario.
Long
by Mihai_Iacob
3
EUR/JPY Long Trade UpdateHey Guys! The current weekly bias on the Eur/Jpy is short. Or in other words, price is likely to reach 124.38 before reaching 145.63. However, like I've been mentioning over the last couple months, the EurJpy has overarching long strength, thus I am waiting for the weekly bias to revert back to long so I can take a long entry. As of today, there is a possibility that the weekly bias may go back to long. In this post I explain the reasoning behind the long entry and the possible confirmation of the weekly bias reverting back to long for the long entry. That's it! I'll keep you guys updated! Ken Disclaimer: This is not Personal Financial Advice.
Long
by TradingForexPriceAction
1
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - EURJPY currently has an UPSIDE BIAS. With JPY WEAKNESS, XXXJPY CURRENCIES are BUYING very fast right now. EVEN IF VIX UP, XXXJPY CURRENCIES BUY VERY FAST WITH JPY WEAKNESS. Maybe it can reach 143.711 LEVEL. 143.711 is a very good resistance limit. - Some NEWS coming for the USD will help to weaken or strengthen the EURO. But if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. - Anyway, the price can move to the area I mentioned and after that the EURJPY price can move back to the 137.06 LEVEL. For that VIX should be UP and JPY should be STRONG. eurjpy
by benny_marshall
11