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Eurjpyshort

Selling EURJPY at swing highs.EURJPY - Intraday - We look to Sell at 145.35 (stop at 145.70) There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 145.57. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 144.30 and 143.00 Resistance: 146.05 / 148.40 / 151.40 Support: 144.20 / 142.80 / 141.60 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Short
by VantageMarkets
EURJPY gains to be capped by yesterdays high?EURJPY - Intraday - We look to Sell at 145.40 (stop at 146.10) Buying pressure from 143.87 resulted in prices rejecting the dip. The current move higher is expected to continue. Previous resistance located at 145.47. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Our profit targets will be 143.40 and 142.90 Resistance: 146.05 / 148.40 / 151.40 Support: 144.20 / 142.90 / 141.60 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
EURJPY - FUNDAMENTAL AND TECHNICAL VIEW#EURJPY - Currently there is an UP SIDE BIAS for EURJPY. XXXJPY CURRENCIES BUY very fast in previous weeks with JPY WEAK after BOJ MEETING. Somehow it is being RECOVERED again. MARKET RISK is still ON. VIX is going DOWN, XXXJPY CURRENCIES SHOULD BE BUY FAST NOW. - Some NEWS coming for the USD will help strengthen the EURO. Because the reason for that is because the NEWS related to USD is quite weak and USD has got a weak SENTIMENT. But in the future, if the RATE HIKE SENTIMENT is PRICED by the ECB, EURO may be BUY more. EURJPY can sell at 141.636 level before BUY. After that you can BUY at 147.15 LEVEL. If the MAIN STRUCTURES BREAK somehow, EURJPY price can definitely be BUY at 146.61 LEVELS.
by benny_marshall