EUR/JPY: Has it topped?A multi-month bearish divergence has formed on the EUR/JPY daily chart. And whilst the trend remains bullish, it has made harder work of gains in recent months whilst the bearish divergence formed.
There's also reason to suspect BOJ members are getting read to increase their verbal warning shits, with one member yesterday remining traders that they are watching currency movements. And with a renowned ECB hawk making a slightly dovish comment, EUR/JPY posed its worst daily gain in five weeks on Thursday.
The near bearish engulfing candle (the open was slightly below Wednesday's close), a growing case for a yen reversal and euro top, makes us suspect EUR/JPY is at or very near an inflection point.
From here, bears could seek to fade into minor rallies below 160 in anticipation for an initial move lower to 155.50.
Eurjpyshort
EUR/JPY At Very Interesting Res Area , Is It The Time To Sell ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
EURJPY Long Term Buying Trading IdeaHello Traders
In This Chart EURJPY HOURLY Forex Forecast By FOREX PLANET
today EURJPY analysis 👆
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🟢What is The Next Opportunity on EURJPY Market
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EURJPY This is what I'm expecting on EJ on long term.
Once BoJ will start taking actions against inflation I'm expecting strong yen.
I think that Euro will face a lot of troubles through upcoming winter which can cause more downside for Euro and this is the main reason why I'm expevting strong Yen on long term.
I'm not chasing the top. I will start placing shorts once we will see nice confirmation of trend reversal.
STAY SAFE, DO YOUR OWN ANALYSIS AND RISK ONLY HOW MUCH YOU CAN AFFORD TO LOSE.
EURJPY: Next goal!Until now, the continuation of the upward momentum is likely to result in an immediate target emerging around 160.00 in the short term. The subsequent breakthrough will not encounter any notable resistance levels until reaching the highest point of 2008 at 169.96 on July 23.
As of now, there are positive long-term prospects for the convergence of bullish and bearish trends while on the 200-day SMA, which stands at 146.92 today.
EURJPY End of Bull Run! Let's go Shorting. {31/07/2023}Educational Analysis says EURJPY may go Short according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because Jpy fair value gaps are unfilled in a 1- hour time frame.
Although last week EURJPY proved that, It's Changing its character and Also Sellers proved that the Market structure shifted and eventually lead to a Break of Structure.
The Rectangle box is the Order block
Analytical Trade would probably be
Sell limit order at 157.850
Stop loss at 158.90
Take profit at 151.356.
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
30) EURJPY Weekly ShortI think it's a Sell Position on weekly timeframe :
You can split your Lots by 3 parts as below:
Entry 1 : ¼ Lots on price 155.750
Entry 2 : ¼ Lots on price 157.500
Entry 3 : ½ Lots on price 153.000
Close half of your Lots on price 147.000
SL on price 158.700
try to lose less,
Profits will arrive on time
EURJPY: New developments!The EUR/JPY cross builds on the previous day's goodish rebound from the 155.80 region, or a one-week low and gains strong follow-through positive traction for the second successive day on Tuesday. The momentum lifts spot prices to over a two-week high, around mid-157.00s during the Asian session and is sponsored by the heavily offered tone surrounding the Japanese Yen (JPY).