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Eurjpyshort

Have EurJpy topped?From the recent low under 140 and the important 143 resistance break, EurJpy has risen more than 1000 pips. However, in the past months seems like the pair lost its power to the upside and could enter in a range trading phase with a top above 150 and a bottom slightly under 147. The price action in the past 2 trading weeks is drawing a H&S pattern on our charts and in a case of a break under the 148.50-148.70 zone, this pattern is confirmed. The target in such an instance is, as said, in 147 zone and negation comes with a daily close above 150.
Short
by Mihai_Iacob
3
EURJPY - Time for a Bearish Trend! 🐻📉 Looking at the graph, we can clearly identify the formation of the shoulders and the head pattern. The pronounced thickening marked in yellow indicates a significant support and resistance (S/R) level. Once this level is broken, it confirms a downward trend with substantial profit potential. 📉💰 Based on this analysis, the target for the downward movement lies within the liquidity zone at the 146.30 level. Keep a close eye on the price action as it approaches this area, as it could present a lucrative opportunity for traders. 🎯💼 Furthermore, it's worth noting that the JPY has been weak for an extended period. This can add to the likelihood of a correction in the near future. Let's face it, things have been a bit monotonous with the persistent weakness. So, buckle up and get ready for some potential excitement ahead! 🎢😄 ------------------------------------------------------------------------------------------------------------------------------------------------ Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈 ------------------------------------------------------------------------------------------------------------------------------------------------ 💼💰❤️ Trade like a pro, laugh all the way to the bank! Like and subscribe for more money-making !" 💼💰❤️
Short
by michaelmolek
EURJPY: The bulls!Predicting continuation of the uptrend EUR/JPY is a forex quote that represents the exchange rate between the Euro and the Japanese Yen. Traders like to borrow the low-yielding Yen to fund carry trades and buy higher-yielding currencies like the Euro during times of optimism. However, during times of market stress, investors tend to avoid carry trades. EUR/JPY is affected by shifts in global economic performance and stability. The Eurozone debt crisis and the Bank of Japan's anti-deflation policy introduced in 2013 also contribute to the pair's volatility.
Long
by Jiren-SphynChannels
2
EURJPY: Entry for seller!Fundamental Overview The market is increasingly betting on a weaker USD/JPY. This prediction is based on two main factors - the likelihood of a significant reduction in Fed interest rates and concerns regarding the stability of the US financial system. Additionally, there is the unpredictability of a potential change in BoJ policy, which could significantly impact the value of the yen. We anticipate that at the upcoming BoJ meeting on June 16th, the yield curve target may be shortened from 10-year to 5-year JGB yields, resulting in a significant increase in 10-year JGB yields and a corresponding strengthening of the yen.
Short
by Sphyn-Trader
2